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Development Capital & Financing, LLC

GPFAC’s Project Finance Advisory Team includes the following:

Paul Barbian (Principal)
Ruth Beckers (Principal)
• Tracey Bollier Timberlake (Principal)
Enervest Capital, LLC (Strategic Partner)

Minna Kwai Stalder (Principal)
Alok Mathur (President)
Jim McCrea (Principal)
David Stevens (Strategic Partner)
Julie Stewart (Principal)
• Srinagesh Talatam (Principal)

This team has closed $125.4 billion in project finance transactions worldwide, broken down as follows:.

   US/Canada                69.6
   Latin America              9.9
   Europe                      15.1
   Middle East/Africa      11.4
   Asia                          19.5

Paul Barbian.  Closed $20.1 billion of project transactions worldwide.  Led the Union Bank of Switzerland project finance group in Zurich.  Led a team of analysts for the Credit Origination team at the US Department of Energy that closed over $24 billion of energy and industrial project transactions.  Developed independent power projects at Entergy Corporation.  Structured debt financing at GE Capital.  Experience with numerous investor-owned utilities as a consultant for Booz Allen.  BS economics from Georgetown University; masters in business from George Washington University; additional courses work in accounting.

Ruth Beckers.  Closed $14.6 billion worldwide (lived and worked in the US, Germany, Switzerland; presently based in South Africa); VP Middle East and Africa at ABB, responsible for strategy and project execution; VP at ABB’s advisory group in Zürich; Board Member and owner of an infrastructure project in West Africa; MBA in Banking from the University of St. Gallen (Switzerland); Executive Masters in Corporate Finance from the University of Applied Sciences in Lucerne (Switzerland); speaks English, German, French, and Swedish.

Tracey Bollier-Timberlake. 
Closed $6 billion in the areas of renewable energy, power generation, power T&D, oil-gas-and-petrochemicals, automotive, building & systems automation, and telecommunications in Europe, Middle East, North Africa and Latin America.  A former Vice President with ABB Financial Services, with over 24 years of experience in project finance, infrastructure investments and portfolio management, and advisory services. Master of Science in Global Finance (Intl. MBA) from the Thunderbird School of Global Management in Arizona and a B.A. cum Laude in International Studies from the University of West Florida. Speaks English and German and conversational Spanish.

Enervest (a company founded by Karine Khatcherian), is a strategic partner of GPFAC.  Karine Closed $6.8 billion worldwide as an investor and financial advisor (lived and worked in Middle East, US, and Europe).  Partner, NewWorld Capital; CEO, Enervest Capital; Senior Vice President, Sanford Bernstein; Director Project Development, ABB Equity Ventures; Environmental Opportunities Expert; Master’s in Industrial Engineering & Management (Ecole Nationale Supérieure de Génie Industriel, Grenoble, France); Diplôme D’Etudes Approfondies in Financial Management (Ecole Supérieure des Affaires, Grenoble, France); Speaks English, French, German, and Arabic.

Minna Kwai Stalder.  Extensive project finance experience, closing $6 billion worldwide (including a pioneering $1.1 billion hydro project in China).  Member of ABB’s global project finance team, supporting over $5 billion in closings worldwide each year.  Structured a Power Development Fund for World Bank that is used to invest in small hydro projects in Nepal.  Closed a major gas development project for the Algerian national oil & gas company.  Managed process control and optimization for ABB’s Headquarters and has gained significant expertise in financial reporting as well as business analytics.  Masters degree in management from L’Ecole des Hautes Etudes Commerciales (Paris) and a bachelor degree in Business Administration from the Chinese University of Hong Kong, China.  Speaks English, German, French, Mandarin, Cantonese, and Shanghainese fluently.

Alok Mathur. 
Closed $25.5 billion worldwide (lived and worked in the US, Switzerland, and India); 30-year career with ABB; Head of ABB Financial Services India (equity, debt underwriting, advisory) and member of ABB's Country Management Committee in India; Member of management team at ABB's headquarters that grew ABB’s advisory business to 140 professionals in 18 countries, closing $5 billion/year; Member of ABB's Management Committee responsible for approving equity investments worldwide; Recognized among top 200 employees (out of 200,000); BS Chemical Engineering with Honors, (IIT, India); MS Chemical Engineering (SUNY/Buffalo); MBA with Distinction (New York University); Speaks English, some German, several Indian languages.

Jim McCrea. 
Led Credit Origination team at the Loan Programs Office of the US Department of Energy, closing $26.8 billion in energy project finance transactions; VP Risk management for Philip Morris; MD and SVP at GE Capital, responsible for domestic energy project finance; BA in Government (Hamilton College); MS in Resource Management & Policy (SUNY); MBA Finance (Cornell).

David Stevens.  Ex-CEO of XL Capital Assurance (“XLCA”) and a member of Municipal Bond Insurance Association's management team.  In these top management roles, David has overseen and approved in excess of $100 billion of underwriting in financial guarantees (this figure has not been included in the team's closing experience presented above).  David also is the CEO of Ascending Markets Financial Guarantee Corp. ("AMF"), a company he is in the process of launching that expects to offer loan guarantees in local currency for Emerging Markets worldwide.

Julie Stewart. 
Closed $13.1 billion, as an investor and financial advisor, in renewable and fossil fuel energy projects. As Director, managed acquisition and due diligence efforts (power, electric distribution and transmission companies, water infrastructure assets and power project development)  for investor owned utilities for First Energy (fka GPU, Inc.) and TXU (fka Enserch Development) in South America, Central Europe, Canada, Southeast Asia and the USA. GE Capital - non-recourse financing. MBA from Dartmouth College - Amos Tuck of Business Administration; BS Chemical Engineering - University of California - Davis.  Speaks English and some Spanish.

Srinagesh Talatam.  Closed $ 6.5 billion mainly in Asia Pacific as Sponsor, Investor and Financial Advisor (lived and worked in India and Hong Kong).  35-year career with National Thermal Power Corporation, ABB Financial Services (Head South Asia), Hyderabad International Airport (CEO) and Pragnya Private Equity Fund (CEO).  Diverse experience in project finance, project development and private equity.  Board of Directors of several Indian companies (on Investment Committees),  Member of Utthishta Virat Fund; Professor (Part Time) IIT, India and IBS, India.  BS Chemical Engineering, (IIT, India); MBA, (IIM, India).  English and several Indian languages.

In the near future, GPFAC intends to appoint additional team members who will be placed in key emerging markets worldwide.