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Denham forms $1.5bn energy recycling partnership21/11/2007. Source: AltAssets. 
 Private equity firm Denham Capital Management has formed a strategic partnership with waste energy recycling firm Recycled Energy Development to develop a $1.5bn portfolio of waste energy recycling projects.
The partnership will serve as an investment platform to fund projects developed and managed by RED. RED develops, owns and operates industrial power projects that harness waste energy from industrial production and electricity generation plants to reduce greenhouse gas emissions and cut power costs for host companies.
Denham is making the investment from its Denham Commodity Partners Fund IV, which held a final closing on $1.25bn in March 2006.
Denham Capital senior managing director Riaz Siddiqi said, 'The RED team brings an unparalleled mixture of power, industrial, environmental and regulatory experience. This is a unique opportunity to support a top-notch management team in implementing a business plan that will enhance competitiveness and reduce the carbon footprint of North American manufacturers, providing societal as well as economic benefits.'
Denham has offices in Boston, Houston, New Jersey and London. The firm was formed in December 2006 when Sowood Capital Management divided its hedge fund and private equity fund management efforts into independent management companies.
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