Hudson gains Credit Suisse fundraising exec

The clean energy fund's hire of Larry Henry follows a $300m capital commitment to Hudson by Credit Suisse as well as the departure of the vice chairman of its investment banking division to co-head the Goldman Sachs spin-out.

Larry Henry, a managing director in Credit Suisse’s private fund group, has joined New Jersey-based Hudson Clean Energy Partners as a managing director and head of investor relations.

Henry’s departure comes just six months after Credit Suisse, together with its clients and affiliates, agreed to commit at least $300 million (€212 million) to Hudson for principal investments in the renewable energy sector.

At Hudson, Henry will join former colleague John Cavalier, who came over to the firm as co-managing partner at the same time that Credit Suisse made the capital commitment. Cavalier was previously vice chairman of Credit Suisse’s investment banking division and served as the head of the firm’s global renewable energy efforts.

“Larry worked with me for many years at Credit Suisse and has demonstrated talent in providing impeccable client service, as well as in developing advanced due diligence protocols,” Cavalier said in a statement.

Henry, who had been a managing director at Credit Suisse since 2000, has worked in finance for more than 25 years and has 14 years of experience raising private equity funds. Throughout his tenure at Credit Suisse’s private fund group and its predecessor at Donaldson Lufkin & Jenrette, the group collectively raised more than 240 private equity funds.

Hudson invests throughout the clean energy sector in companies focused on renewable power, alternative fuels, energy storage and demand-side energy management. The firm was founded in 2007 by Neil Auerbach, who created and ran Goldman Sachs’ US alternative energy investment business before launching Hudson with Goldman colleagues Daniel Gross and Joseph Slamm.

Most recently, the company invested $75 million in on-site solar power developer Recurrent Energy of San Francisco.