International Power

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

Prior to founding Denham, Stuart 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. Stuart 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, Stuart 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. Stuart volunteers his time by serving on the Board of Directors of the Massachusetts Society for the Prevention of Cruelty to Children, a charitable organization, and also serves as a Trustee of St. Sebastian’s School in Needham, MA.

Stuart 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.

Scott Mackin is a Managing Partner and heads the firm’s Power Deal Team. He brings over 30 years of energy experience to Denham and is a member of the Management Committee, Fund Investment Committee and Valuation Committee.

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 served as a Law Clerk to the Hon. Daniel H. Huyett III, Federal District Court for the Eastern District of Pennsylvania. He is Co-Chairman of the Emerging Markets Private Equity Association (EMPEA) Energy and Infrastructure Council and a frequent speaker at the London Business School.

Scott currently serves as a member of the Board of Directors of Endeavor Energy, BioTherm Energy, Rio Energy, and Nexif Energy.

He received a Bachelor of Arts, Honors Program, from Villanova University and a Juris Doctor from the University of Michigan Law School. He is an Emeritus Member, Villanova University College of Arts and Sciences Advisory Committee and served on the Committee of Visitors for the University of Michigan Law School.

Justin DeAngelis is a Partner in the International Power Fund of Denham Capital. Justin is responsible for origination, analysis, structuring, valuation and execution of investments for the Power Deal Team. He brings 20 years of experience to the firm.

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.  He is currently a member of the Board of Directors of Endeavor Energy, Themis Energy, Greenleaf Power, and subsidiaries of Rio Energy.

Justin is a member of the Millennium Challenge Corporation Advisory Council and a member of the Advisory Council for NASP-USAID Investment Partnership for “Mobilizing Institutional Investors to Develop Africa’s Infrastructure” or “MIDA.”  He also serves as a Board Member for IGD (Initiative for Global Development) and is a member of the EMPEA Gender Parity Acceleration Working Group. Separately, Justin is taking part in Columbia University’s World Projects Initiative.

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.

Victor Muñoz is an Operating Partner, responsible for the origination, analysis, structuring and execution of investments within Latin American region. He brings 26 years of experience to the firm. Victor is a member of the Valuation Committee, the Power Deal Team and the Mining Deal Team.

He is fluent in English, Spanish and Portuguese.

Prior to joining Denham, Victor was a Director at PSEG Global, a Manager at Enron North America and an Associate at Chase Securities. He currently serves on the Board of Directors of Mining Ventures Brasil Ltda., Stellar Mining, Santiago Metals and Rio Energy.

He received a Bachelor of Science from Los Andes University in Colombia and a Master of Business Administration from Harvard Business School.

Saurabh Anand is a Managing Director, responsible for origination, analysis, structuring, valuation and execution of investments for the Power Deal Team. He brings 14 years of principal investing experience in the global energy industry to the firm.

Prior to joining Denham, Saurabh spent four years with GE Energy Financial Services focusing on private equity and structured financing transactions in the energy industry. In this role, he originated, evaluated and executed multiple power generation and oil and gas investments in the United States and AsiaPacific region. He currently serves on the Board of Directors of Nexif Energy, Jenner Renewables, Rio Energy and Greenleaf Power.

Saurabh received a Bachelor of Engineering from Panjab University and a Post Graduate Diploma in Management from Indian Institute of Management Calcutta.

Steven Mandel is a Director, responsible for origination, structuring, valuation and execution of investments for the Power Deal Team. He brings nine years of experience to the firm.

Prior to joining Denham, Steven was an Analyst in the Global Power Investment Banking Group at Citigroup, focusing on M&A, financings and restructurings of utilities, independent power producers and generation assets. He currently serves on the Board of Directors of Jenner Renewables, BioTherm Energy, and Neo Themis.

Steven earned a Masters in Finance at the London Business School and a Bachelor of Science in Business and Economics from Lehigh University. He holds the Chartered Financial Analyst designation.

William is an Associate, responsible for financial modeling, execution and monitoring of investments. He brings two years of experience and joined Denham in 2016.

Prior to joining Denham, William was an analyst in the Power & Renewable Energy Investment Banking Group at Bank of America Merrill Lynch in New York.

William received his Bachelor of Science in Finance and Bachelor of Science in Accounting from the University of Wisconsin – Eau Claire.

Sandro is an Associate, responsible for financial modeling, execution and monitoring of investments. He brings two years of experience and joined Denham in 2017.

Prior to joining Denham, Sandro was an analyst in the European Energy Group at Credit Suisse in London.

Sandro received his Bachelor of Arts in Economics and Business from the University College London.

Zue Leong is an Associate, responsible for financial modeling, execution and monitoring of investments. She brings three years of experience to the firm and joined Denham in 2018.

Prior to joining Denham, Zue was an Analyst in the Power, Utilities & Infrastructure Investment Banking team at Citigroup in London.

She holds a Master of Engineering in Biomedical Engineering from Imperial College London.