David Freund
President at North Castle Capital Advisory LLC
Armonk, NY
• Leader in value added origination efforts sourcing deals from extensive network.
• Grow network by listening to clients needs and preparing creative solutions.
• Over 15-years of experience in the Energy sector.
• Develop strategic partnerships with leading small to top tier developers, municipal utilities, investor owned utilities and the finance community.
• Manage and strengthen new and existing tax equity investor relationships.
• Lead transactional strategy, deal structuring, and pricing for wind and solar projects.
• Provide leadership during the deal negotiating, underwriting and approval process.
• Create and model project pro forma based on project terms and documents.
• Develop new financial structures and strategies to implement them.
Work Experience
President
2003 to Present
• Consultant for leading European banks equity investment in a Nebraskan wind project including structuring of tax equity investment.
• Marketing patented risk management product suite to Public and Investor owned utilities
• Working with developers and OEMs to commercialize innovative solar technologies
• Consulted for Competitive Energy Insights providing quantitative analysis of renewable energy projects for developers, utilities, and investors using CEIs EconExpert® model.
Associated Person
2006 to 2008
with Macquarie for marketing of proprietary wind farm product.
• Originated a 230 MW wind farm investment for Macquarie. Structured development capital facility for the project which achieved COD in 3Q2010
• Originated and performed due diligence on M&A transactions on behalf of Macquarie: • Exclusive opportunity to acquire a deve loper with a project pipeline greater than 3,000 MW.
• Opportunity to invest in premier offshore wind developer.
• Co-investment opportunity in a 164 MW windfarm in West Virginia.
Vice President
2001 to 2003
• Originated, structured, and executed seven transactions for positioning in the banks asset-backed commercial paper (ABCP) conduit.
Vice President
1999 to 2003
Vice President
1999 to 2000
• Developed and marketed structured tax advantaged investments for the energy sector including BNP Paribas tax equity investments.
• Supervised the execution of transactions, including modeling cash flows.
• Created new revenue stream by adapting an equipment-leasing product for complex petroleum fiscal regimes and identified oil platforms suitable for use with the product. Profit for transactions executed with an oil major in excess of $20mm.
• Prepared a study for the possible sale of a portfolio, comprising Section 29 coal-bed methane partnerships, and developed a market of potential buyers.
Assistant Vice President
1998 to 1999
Project Finance and Emerging Markets Group
• Business development officer in charge of managing Latin American ventures.
• Executed financings for over $2.1 billion.
• Prepared cash flow models and documentation of all projects.
• Responsible for market consultants report on energy market forecasts.
• Structured and conducted cash flow modeling for 830 MW combined cycle power plant with a total project cost of $455 million. First merchant project financing in Latin America.
• Advised Mitsubishi Corporation to achieve the winning bid on the TUXPAN II 395 MW plant with a construction cost of $300 million., collaborating closely with Mitsubishi executives regarding cash flow modeling and bidding strategy.
• Executed Espadarte, Voador, Marimba (EVM) Oil Recovery Project in Brazil. This was a US$1.2 Billion Synthetic Lease Financing for Mitsui/Marubeni and Petrobras.
Education
Master of International Affairs in International Finance and Business
Bachelor of Arts in International Relations
Additional Information
Qualifications for
Executive-Level Management - Origination & Execution
