FOR IMMEDIATE RELEASE

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Email: info@fortistar.com

November 17, 2020

Fortistar Welcomes Former Bessemer Executive Charles D. Bryceland as Managing Director

Bryceland brings nearly 30 years of banking, investment and asset management experience to increase the firm’s efforts in mobility, carbon capture and the circular economy

WHITE PLAINS, N.Y. – (November 17, 2020) – Fortistar, a privately-owned investment firm that invests in, grows and manages companies that address complex sustainability challenges, today announced that Charles D. Bryceland has joined the company as managing director. Reporting directly to Fortistar President Mark Comora, Bryceland will identify and provide leadership for growth investments in mobility, carbon capture and the circular economy.

“As an investment firm specializing in industries undergoing transition, like energy and transportation, it is especially important that we continue to innovate and focus on emerging technologies that provide sustainability solutions now,” said Mark Comora, President of Fortistar. “That’s why we chose Chuck, whose decades of investing experience and extensive network in private markets will be critical in our effort to identify and grow new, high-performing assets and groundbreaking solutions that support decarbonization today. We have no doubt that his relationships, financial expertise and broad industry knowledge will expand our growing pipeline of investment opportunities and capital partners.”

“I am excited to join one of the most seasoned teams powering America’s transition towards a zero carbon future,” said Bryceland. “At Bessemer, I had the opportunity to work with the world’s best asset managers but realized few had the experience in driving sustainable solutions like the Fortistar team. It is my priority to expand on our success by sourcing new investments, technologies and capital partners to meet the growing demands for a more resilient, efficient and sustainable future.”

As more companies and investors around the world continue to adopt environmental, social and governance (ESG) principles, which are central factors in measuring sustainability, Bryceland will be critical to expanding and elevating the Fortistar network. Since 1993, Fortistar has successfully invested in and scaled companies in energy, transportation and industrials facing complex sustainability and profitability challenges. From projects that repurpose methane to create renewable natural gas to companies that produce commercial fuel from waste plastics, Fortistar maintains exceptional talent, like Bryceland, to seek out and invest in promising companies that support global sustainability efforts.

Bryceland brings nearly thirty years of financial services experience including senior leadership roles at investment firms and has served as a management consultant, banker, investor, capital allocator and asset manager. Most recently, Bryceland was head of alternative investments at New York-based multifamily office Bessemer Trust, where he was responsible for leading the firm’s $8 billion private equity, real asset and hedge fund investment activities. Prior to joining Bessemer, he established his own firm, The Bryceland Group, to provide outsourced chief investment officer (OCIO) and investment banking services. Before that, he was a managing director for Bank of America Securities following its acquisition of Montgomery Securities. He started his career at Morgan Guaranty, a legacy institution of J.P. Morgan & Co., Inc.

About Fortistar

Founded in 1994, Fortistar is a privately-owned investment firm that successfully builds, operates and manages companies and projects that address global challenges that others viewed as too complex or uncertain. Fortistar utilizes its capital, flexibility and operating expertise to grow high-performing assets, first in independent power projects and now into other areas that support decarbonization. As a team, Fortistar has led financings raising over $3.5 billion in capital for companies and projects in the energy, transportation and industrial sectors. For more information about Fortistar or its portfolio companies, please visit: www.fortistar.com and follow the company on LinkedIn.