Denham’s Sustainable Infrastructure Credit business is a direct lending platform, sourcing private sustainable infrastructure credit globally across multiple currencies, targeting Investment Grade and High Yield debt instruments.

$2 Bn Assets Under Management Denham Sustainable Credit

Direct Lending Sourced Through Denham & Investment Team Relationships

Global Pipeline Pipeline Across Investment Grade & High Yield

Investment Framework

Through direct origination, underwriting and efficient execution, our team seeks to create value for clients with a bespoke investment program aligned with client-specific guidelines. Our dedicated team handles sales, underwriting, pricing, funding, ongoing administrative portfolio monitoring and reporting services. The team works collaboratively across the platform to ensure all the credit solutions benefit from the collective knowledge and insights of the team. We are actively developing credit solutions to capture market segments beyond traditional debt structures to enlarge the market size of high-quality institutional credit.

Investment Grade

Cross-Over & High Yield

Credit Team

Stuart Porter

CEO and Partner

Stuart Porter is a Founder, Managing Partner and serves as the firm’s Chief Executive Officer and Chief Investment Officer. Stu brings over 29 years of senior investment experience to Denham. Stu serves on the Investment Committee and Valuation Committee.

Prior to founding Denham, Stu was a founding partner of Sowood Capital Management LP and, prior thereto, was employed as a Vice President and Portfolio Manager at Harvard Management Company, Inc. where he focused on public and private transactions in the energy and commodities sectors. Stu previously worked for Bacon Investments and at J. Aron, a division of Goldman Sachs. While at J. Aron, he worked on the Goldman Sachs Commodity Index desk. Prior to joining J. Aron, Stu was a self-employed trader at the Chicago Board of Trade and was employed by Cargill Incorporated in Minnetonka, Minnesota in the Financial Markets Division.

Stu received a Bachelor of Arts from the University of Michigan and a Master of Business Administration degree from the University of Chicago Booth School of Business.

Justin DeAngelis


Justin DeAngelis is a Partner at Denham Capital and the Co-Head of Denham Sustainable Infrastructure (“DSI”) overseeing both equity and credit strategies. Justin brings over 25 years of global investment and operational experience, and is a member of the Investment, Valuation, and Sustainability Committees for DSI.

Prior to joining Denham, Justin was a Director at Waypoint Energy and worked as a Manager at Pace Global Energy and PG&E National Energy Group, after serving as an Engineer at Delmarva Power.

Justin is a member of Drexel University’s President’s Leadership Council and Alumni Board of Governors, the Advancement Committee for Mount Saint Mary Academy and is taking part in Columbia University’s World Projects Initiative.  He is a former member of the Millennium Challenge Corporation Advisory Council and the Advisory Council for NASP-USAID Investment Partnership for “Mobilizing Institutional Investors to Develop Africa’s Infrastructure.”

Justin received a Bachelor of Science in Mechanical Engineering from Drexel University and a Master of Business Administration from LeBow College of Business at Drexel University.

Scott Mackin


Scott Mackin is a Partner of Denham Capital and co-leads the firm’s Sustainable Infrastructure team.  Scott brings over 25 years of energy experience to Denham and is a member of the Investment Committee and Valuation Committee.  He currently serves on the Board of Directors of Ceiba Energy, Endeavor Energy, and Rio Energy and is a member of the Advisory Committee of Themis Energy.  Scott has been a frequent guest speaker at the London Business School and a Business Mentor for under-employed young people for The Prince’s Trust.

Denham has backed the successful development of numerous wind, solar, and other energy transition projects across the globe. Denham’s projects have won numerous awards including Reuters Project Finance International Asia-Pacific Power Euromoney Project Finance APAC Power Deal of the Year, and APAC Solar Deal of the Year, and European Solar Deal of the Year.

Prior to joining Denham, Scott was CEO of Covanta Energy Corporation, President of Ogden Energy, and General Counsel at Ogden Projects. He also was an Associate at Schnader, Harrison, Segal & Lewis and Law Clerk to the Hon. Daniel H. Huyett III, Federal District Court for the Eastern District of Pennsylvania.  Scott has a Juris Doctorate degree from University of Michigan Law School and a B.A., Honors Program, from Villanova University.

Jorge Camiña

Partner and Head of Sustainable Infrastructure Credit

Jorge Camiña is a Partner and Head of Sustainable Infrastructure Credit. Jorge brings over 20 years experience in project finance and investment management, having held senior positions at both Allianz Global Investors and Santander Corporate & Investment Banking.

In his most recent role, as Director of Infrastructure Debt at Allianz Global Investors since 2016, Mr. Camiña was responsible for the origination, structuring and execution of Infrastructure Debt investments in the Americas. Jorge also executed in 2018 the launch of the infrastructure debt strategy in Latin America, resulting in the firm becoming the leading institutional private infrastructure debt investor in the region from 2018 to 2020. He led the execution of a strategic shift towards renewable power across US and Latin America, investing in infrastructure debt for over three gigawatts of solar and wind assets. He was also member of the Infrastructure Debt investment committee overseeing transactions globally.

Jorge received a Bachelor of Science in Business Administration by Deusto Business School in Spain.

Brian Bonnesen

Managing Director

Brian Bonnesen is a Managing Director, Head of Capital Formation, for Denham Sustainable Infrastructure. Brian is primarily focused on capital raising, investor relations, co-investment, and product development for DSI equity and DSI credit strategies and is a member of Denham’s ESG committee. He has more than 12 years of experience in the alternative investments and private markets space. Prior to Denham, Brian worked at Morgan Stanley Infrastructure Partners. In addition, Brian has previously worked at Davidson Kempner Capital Management, Goldman Sachs, and Deloitte where he held business development, risk management and/or product specialist roles.

Brian received his MBA from Columbia Business School, his BS in Business Administration from the University of Richmond and is a Chartered Alternative Investment Analyst (CAIA).  Brian is a dual citizen of the United States and Denmark and resides in New York, New York.

Alberto Garcia

Managing Director

Alberto Garcia is a Managing Director in Denham Capital’s Sustainable Infrastructure Credit platform. He brings over 20 years of financial services experience, having held several management positions within the Santander Group and Capital One Financial Corp., both in the US and Spain.

In his most recent role, as Managing Director within Santander’s Corporate and Investment Banking division in New York, he was the Head of Power & Renewables Project Finance. In that role, he led a team responsible for all deal origination, structuring and execution of energy related non-recourse financings and advisory services. In 2021, he led the financial advisory mandate for the $2.4 Bn financing of Vineyard Wind I, an 800 MW offshore wind plant being built off the Massachusetts coast to be the first large-scale offshore wind farm in the US.

Alberto received a MS in Telecommunication Engineering from Universidad Politécnica de Madrid and an MBA from IESE Business School.

Sabine Chalopin

Head of Sustainability

Sabine Chalopin is DSI’s Head of Sustainability and is responsible for overseeing DSI’s sustainability program. This includes screening, managing, and monitoring investments for environmental and social risks and opportunities. At the post-investment stage, Sabine works closely with portfolio companies to add value through sustainability initiatives. She brings 17 years of sustainability experience in the infrastructure sector to the firm. Sabine is a member of GRESB’s Expert Resources Group and Initiative Climat International’s climate risk working group.

Prior to joining Denham, she managed sustainability issues for Armstrong Asset Management (AAM), a renewable energy GP based in Singapore. At AAM, she developed and implemented the firm’s Environmental and Social Management System and managed projects for environmental and social compliance throughout Southeast Asia. Prior to Armstrong Asset Management, Sabine was with Kyoto Energy (Singapore) where she was responsible for business development.

Sabine holds an MSc in Environmental Technology from Imperial College London and a BCom in Business Studies from Edinburgh University. She has also completed a course with Berkeley Law and Ceres on ESG and Navigating the Board’s Role.

Nicholas Meyer

Vice President

Nick is a Vice President, responsible for financial analysis, origination, structuring, execution, and monitoring of investments. He brings 6 years of experience to the firm and joined Denham Capital in 2021.

Prior to joining Denham, Nick was with the Renewable & Asset Finance team at Wells Fargo in New York. He has a broad range of credit experience across project finance, corporate finance, acquisition financing and warehouse credit facilities. In total, Nick has worked on more than $7.5 billion of energy and infrastructure related transactions.

Nick received a Bachelor of Science in Business Administration in Finance with a minor in Accounting from the University of Denver.

Iryna Voronova

Portfolio Manager

Iryna Voronova is a Portfolio Manager responsible for managing and monitoring existing portfolio investments in the Sustainable Infrastructure Credit team. She brings over 15 years of experience in banking and structured finance.
Prior to joining Denham, Iryna held senior positions at Siemens Financial Services where she managed a multi-billion-dollar credit portfolio covering US, Canada and Latin America. Previously, she was an Associate at Credit Agricole Corporate and Investment Bank.
Iryna received a Bachelor of Business Administration with a specialization in International Business from Hofstra University in New York.

Natalie Friedenreich


Natalie Friedenreich is an Investor Relations Associate for Denham Sustainable Infrastructure based in Jersey City, NJ.

Prior to joining Denham, Natalie was an Investor Relations Associate at Sculptor Capital Management and JLL Partners. She began her career as a Client Service Associate at Morgan Stanley.

Natalie received a Bachelor of Science in Marketing and a Master of Business Administration from Quinnipiac University.

Franklin Goldszer


Franklin Goldszer is an Associate, responsible for financial modeling, execution and monitoring of investments in the Sustainable Infrastructure Credit team.

Prior to joining Denham in 2021, Franklin was an investment banking analyst in the Power, Utilities and Infrastructure group of Jefferies LLC.

Franklin received a Bachelor of Arts degree with majors in Economics and Psychology from Dartmouth College. He graduated cum laude.

Ethan Kao


Ethan Kao is an Associate with the Sustainable Infrastructure Credit platform at Denham Capital. He is responsible for financial analysis, origination, structuring, execution, and monitoring of investments.

While attending business school at Columbia University, Ethan worked in the structured finance team at DSD Renewables and in the Investments and Portfolio Management team at New York Green Bank before joining Denham Capital. Ethan began his career as a Foreign Exchange derivatives trader at UBS where he spent time in New York, London, Singapore, and Zurich.

Ethan holds a Bachelor of Science in Computer Science from Cornell University and a Master of Business Administration from Columbia Business School.

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