Vice President Executive

Joseph Dunfee

*** * ******** *** *, Boston, MA **127 +1-603-***-**** ******.******@*****.***

PROFESSIONAL EXPERIENCE

SMC INFRASTRUCTURE PARTNERS (formerly INFRANEXT / BLUEMOUNTAIN), New York, NY Nov 2018 - Present Executive Vice President of Acquisitions, promoted from Vice President to Principal and Partner

Led the organization through a spinout from BlueMountain into InfraNext Partners, and its ultimate merger with SMC

Maintained continuity and high-value relationships with intermediaries, investors, and potential targets

Created a differentiated real assets/buyouts/structured capital strategy, originally as part of BlueMountain, a $23B fund

Thematically focused on the Energy Transition, Sustainability, and the Digital Divide

Originated over 350 investments, issued 39 term sheets, converting 21 to exclusive Letters of Intent, successfully closing three investments, with the potential for three more in H1 of 2023

Executed a carve-out of assets from Bloom Energy’s balance sheet, investing $90mm alongside Southern Company

Capitalized on Bloom’s liquidity constraints by negotiating a 500 bps fee and LoC against the investment

Structured a $170mm investment into a leading earth observation company, repositioning it as data infrastructure backed by long-term customer contracts

Managed multi-stakeholder negotiations, including the conversion of lenders into minority equity

Invested $50mm of equity to acquire a large regional recycling processor and rebuilt its marquee sorting facility

Successfully managed an emotional sale process as the original founder/owner/operator exited the business NURTURED CAPITAL, Boston, MA Jun 2015 – Nov 2018

Founder

Established a thematically focused independent sponsor platform, investing on a proprietary basis or on behalf of a client

Acquired $200mm of infrastructure and energy secondaries with Stafford Capital Partners

Advised GE Ventures on investments, divestitures, and the launch of a new growth equity fund

Led the spinout of GE Solar into an independent company, DSD, which was acquired by BlackRock

Participated in the Series C & D rounds of Volta, a leading EV charging network

Developed a 184-unit, $15mm, apartment complex, sold the development rights to Cyzner Properties

Aided Sentinel Investments in the establishment of a $1.3B venture capital and private equity/debt program

Co-invested alongside Ziff Brothers in Clean Line, a leading high-voltage transmission developer

Quarterbacked internal due diligence of the Marketo take-private deal, sponsored by Vista Equity Partners NEW ENERGY CAPITAL, Boston, MA Aug 2011 - Jun 2015 Senior Associate, promoted from Senior Analyst. Interim CFO & Board Director at FLS Energy

Evaluated hundreds of potential private equity and debt investments in the energy, infrastructure, and industrial sectors

Performed due diligence on 86 unique high potential deals, personally: built 63 models, wrote 15 term sheets and 6 investment memos, ultimately closing 5 unique transactions, leading to 8 follow-on investments

Transformed a $15mm non-performing loan into 80% of a company that returned over $700mm to investors

Shifted the strategic focus of the company to PV from solar hot water and restructured the company’s balance sheet, earning an independent seat on the company’s Board of Directors as a result

Formed a JV with Alon USA for the $50mm retrofit of an idled refinery into the first renewable jet fuel facility in the US

Ran due diligence process, including: building internal model incorporating a 7-step cash flow waterfall calculation, debt pre-payment provisions, a preferred equity structure, and off-take contract optionality

Backed Clean Energy Collective, the first and largest community solar developer, from founding through exit to First Solar

Crafted an innovative “growth debt” security for Natural Systems Utilities, a leading water efficiency company

Provided $54mm of off-balance-sheet financing to the largest, publicly listed, solar company in the US

Nominated for “Deal of the Year” by SPI for financing the first utility-scale solar farm to utilize New Market Tax Credits ACCENTURE MANAGEMENT CONSULTING & WEST GROUP, Singapore Jun 2008 - Aug 2011 Associate, promoted from Analyst

Solved strategic and operational imperatives for multinational corporations over the course of 19 engagements EDUCATION

HARVARD UNIVERISTY, Cambridge, MA Expected May 2024 Master of Finance

IMD, Lausanne, Switzerland Jan 2016 - Dec 2016

Master of Business Administration

BROWN UNIVERSITY, Providence, RI Sept 2004 - May 2008 Bachelor of Arts in Commerce, Organizations, and Entrepreneurship

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