Chairman of the Board
US Renewables Group
Lee Bailey is a founder and Managing Director of US Renewables Group (USRG), a private equity firm based in Los Angeles that invests in renewable power and clean fuel companies and projects. Prior to founding USRG, he was a partner with Rustic Canyon Partners, a venture capital fund based in Los Angeles, where he led their clean energy practice. Subsequent to the formation of USRG, Bailey continues with Rustic Canyon as an advisory partner on energy opportunities.
Bailey started his career as an attorney. In 1986, he became General Counsel for Energy Conversion Devices, Inc. (ECD; NASDAQ: ENER), a publicly traded renewable energy development company, serving in a number of senior management positions with ECD and its subsidiaries. In 1994, he was appointed founding director of the US Israel Fund, a $60 million joint US/Israeli government fund to commercialize technology in the areas of energy, information and biotechnology. In 1995, he was appointed the White House Director of International Science and Technology Commercialization initiatives for Russia, Egypt, Jordan, Israel and South Africa. In 1997, Bailey was the founding CEO of the Rural Health Care Corporation. In 2001, he joined Rustic Canyon Partners.
Bailey received his law degree from Washington University School of Law, an MS degree from Northwestern University and a BA degree from St. Lawrence University.
Quentin Van Doosselaere
Quentin Van Doosselaere joined Bregal in January 2009. Following his business school graduation in 1984, he moved to New York and began his career at Drexel Burnham Lambert. He then joined Bankers Trust Co. as a Managing Director and ran various global capital markets businesses. In the mid-nineties, he held executive positions in a number of non-profit organizations before going into academia. He was affiliated with Columbia University and Oxford University when he joined Bregal.Van Doosselaere serves as a member on the investment committees of Bregal Capital, Bregal Sagemount, Bregal Partners, Bregal Energy, Bregal Private Equity Partners, Ranch Capital Investment and Birchill Exploration. He holds a degree from the Solvay Business School and a PhD from Columbia University.
Vincent P. Fandozzi
Seven Mile Capital Partners
Vincent Fandozzi is the managing partner of Seven Mile Capital Partners, having founded the firm in 2011. Seven Mile Capital Partners heritage originates from a core group of professionals that worked together at Citigroup, Inc. investing and managing a global portfolio of over $6.0 billion in assets and over 100 distinct private equity investments that spanned North America, Asia, Europe and the Middle East.
Prior to Seven Mile Capital Partners, Fandozzi was Global Head of Private Equity and Alternative Investments at Citi Holdings since 2009. Prior to this, he was Global Head of M&A for all of Citigroup’s corporate M&A activities. Before taking on an executive role at Citigroup, he spent 9 years in the Citigroup Investment Banks’ M&A group advising clients in a number of different industries including telecom & technology, retail & consumer products and the heath care sectors.
Prior to joining Citigroup, Fandozzi worked in Corporate Finance at Bear Stearns & Co. and at Ernst & Young.
US Renewables Group
Prior to joining US Renewables Group, Jim McDermott started his career as a public power banker with Credit Suisse First Boston’s Municipal Finance Group in New York City. Working in a variety of roles including new issue, refinancing, capital markets and derivatives, he covered several of CSFB’s clients in the western United States. Clients included Southern California Public Power Authority (SCCPA), Los Angeles Department of Water and Power (LADWP), Washington Public Power Supply System (WPPSS) and Salt River Project (SRP), Intermountain Power Authority (IPA) and several other West Coast municipal utilities.
During his tenure at CSFB, he structured, refinanced and issued over $3 billion in corporate, general obligation, revenue-backed, industrial development and tax-anticipation bonds. In addition to his time as a public finance banker, McDermott has also worked in private equity and as an entrepreneur. As a private equity investor, McDermott interned for Allen & Company, Inc. and Prudential’s Private Capital Group. McDermott focused on development stage energy projects, early-stage software technologies and private placements for independent power producers.
As an entrepreneur, McDermott founded several software startups and invested in numerous others. He founded, conceived, launched and ran Stamps.com, Inc. (NASDAQ: STMP). He grew the company to over 300 employees in three years, raising in excess of $400 million of debt and equity financing, negotiating major relationships with 3M, Deluxe, ZDNet, Westvaco, OfficeDepot and America Online, overseeing company business development efforts and setting corporate strategy.
McDermott holds a BA in Philosophy from Colorado College and an MBA from the Anderson School at UCLA.
Kevin Smith is SolarReserve’s Chief Executive Officer and joined the company as one of its founding executives in 2008. Smith drives SolarReserve’s efforts to develop and build large-scale solar energy projects which include $1.8 billion of solar projects in construction and operation in the US and internationally.
Smith brings 30 years of energy industry experience to his role as SolarReserve’s CEO. He has held senior executive positions with many successful energy companies aimed at developing solar and wind energy projects as well as natural gas, oil and biomass-fueled electricity facilities. Throughout his career, Smith has actively led the development, financing and construction of privately-owned energy projects in the US and more than a dozen countries around the world. These constructed projects total more than 5,000 megawatts with long-term electricity sales contracts in excess of $55 billion.
Prior to joining SolarReserve, Smith was Senior Vice President at Invenergy LLC where he successfully drove the development of Invenergy Wind from a startup in 2004 to one of the largest privately-owned renewable energy businesses in the world with more than $2.0 billion of projects in operation. Smith was also President of Insight Energy, Chief Operating Officer of London-based Rolls-Royce Power Ventures, and Vice President - General Manager of Indeck Energy Services.
Smith earned his MBA in Finance from the University of Chicago and his Mechanical Engineering degree from Purdue University. A licensed Professional Engineer, Smith was honored with the Outstanding Mechanical Engineer Award from Purdue University in 2008, and in 2012, Platts Energy awarded him the Rising Star Award for vision and leadership in the worldwide energy industry.