About Tom Murley
Tom is one of the most visible faces in European and global renewable energy investing and is a leading advocate for increased institutional investment in energy projects and infrastructure. He has participated in the financing and acquisition of over $10 billion in energy projects. Tom’s 25+ years of leadership and experience covers the entire range of infrastructure and renewable energy investment; from raising capital for infrastructure investment funds, originating and executing equity and debt investments in renewable and conventional energy projects, managing and selling operating renewable energy portfolios, serving on investment committee and portfolio company boards, to advising European governments on renewable energy and infrastructure policies to maximize private sector investment.
Founder – HgCapital Renewable Energy Funds
In 2004, he founded the renewable energy fund business for HgCapital one of Europe’s leading private equity houses; marking HgCapital as one of the first European private equity firms to invest in renewable energy infrastructure. As team leader for 12 years, Tom led the fundraising of two funds, raising over $1 billion from over 30 global institutional investors. He also set investment strategy, led deal origination, served on Investment and Portfolio Review Committees and established HgCapital as a leader in renewable energy infrastructure investment. He recruited and led a team of 9 professionals in originating and executing equity and debt project financing in over 70 European wind, solar, hydro and biomass projects with a total enterprise value in excess of $3 billion.
Director – UK Green Investment Bank plc
In 2012 Tom was appointed to the inaugural board of directors of the UK Green Investment Bank, the world’s first green investment bank. Tom served on the board and the investment committee until the bank was privatized in August 2017. Tom was an early advocate of the Green Investment Bank, participating on the Wigley Commission that led to the creation of the GIB. The UK GIB has backed over 70 renewable energy and energy efficiency projects worth in excess of £10 billion, including investments 7 offshore wind projects.
Independent Director – Ameresco, Inc.
In October 2016 Tom was appointed to the board of Ameresco, a NYSE listed diversified energy services company and developer of renewable and combined heat and power projects in the United States and Europe.
Independent Director – Gore Street Energy Storage Fund plc
In May 2018 Tom joined the board of of the newly formed Gore Street Energy Storage Fund, the world's first listed fund for battery storage projects. Gore Street Energy Storage fund is listed on the London Stock Exchange and invests in construction and operating battery storage projects in Europe.
Independent Investment Committee Member – Catalyst MENA Clean Energy Fund
In February 2018 Tom was named as an independent member of the Investment Committee of the Catalyst MENA Clean Energy Fund, a Jordan-based infrastructure fund for Middle Eastern and North African wind, solar and storage projects. The investors in the Fund include Europe's leading governmental institutions for financing development in emerging markets.
Chair & Senior Advisor – HgCapital Renewables Funds & Asper Investment Management
In June 2016, Tom passed executive leadership of HgCapital’s renewable energy investment team to his hand-picked successors and he became Chairman and Senior Advisor to HgCapital’s renewable energy investment funds, serving on the Investment and Portfolio Committees. Since then he has worked with his team to spin out the renewable energy investment team into a new fund manager, Asper Investment Management, where he serves as Senior Industry Advisor. Asper became independent on 1 December 2017 and focuses on renewable energy and other investments in sustainable real assets.
Renewable Energy Policy and Finance
Tom is also an expert on the intersection of renewable energy and infrastructure investment trends and renewable energy policy, renewable energy subsidies and energy market design and regulation. He has advised the European Union, the UK Government and several other governments on structuring energy investment policies to attract institutional investment, including testifying to the UK Parliament’s Climate Change Committee on the state of institutional investment in renewable energy projects. He has been a frequent speaker at European Union, United Nations and other energy seminars and conferences.
Tom is active in industry and investor organizations. He has served on the boards of the Institutional Investors Group on Climate Change and the Norwegian Wind Energy Association. He has chaired the Sustainable Energy and Environment Committee of the British Venture Capital and Private Equity Association and has served on finance committees of WindEurope, the Swedish Wind Energy Association and Renewables UK.
Tom also teaches a practical course in Project Finance Law in the Master of Banking and Finance Law program at Boston University School of Law in Boston, Massachusetts.
Tom Murley's Background
Tom holds degrees from Northwestern University and Fordham University School of Law where he was a member of The Law Review. He is a qualified lawyer, admitted to the Massachusetts and New York Bars. Before joining HgCapital he was a Managing Director of Ares / EIF Group and an Investment Partner at Allianz Capital Partners. He was General Counsel of Alternative Energy Inc., a Bangor, Maine based biomass project developer and operator, and spent 8 years in private legal practice in Boston and New York.