Credit Suisse to invest in renewable energy companies

NEW YORK Thu Mar 27, 2008 10:27am EDT

NEW YORK (Reuters) - Credit Suisse and its clients will invest at least $300 million in renewable energy companies through Hudson Clean Energy Partners, the bank said on Thursday.

As part of the agreement, John Cavalier, a veteran energy banker currently leading Credit Suisse's renewable energy investment banking business, will join Hudson as a partner. Cavalier will join Neil Auerbach as co-managing partner of Hudson's investment business.

Prior to co-founding Hudson, Auerbach created and led Goldman Sachs Group's U.S. alternative energy investment business and managed over $3 billion in assets for the firm.

Daniel Gross and Joseph Slamm, former Goldman Alternative Energy partners, also launched Hudson.

(Reporting by Joseph A. Giannone; editing by John Wallace)