Drawing on a history of leadership roles in the energy industry, Timothy Kramer is the founder of the Green Energy Commodity Fund (GECF). This fund will be the first in the market to provide investors with an opportunity to reallocate capital from non-ESG commodity funds to a carbon net-zero fund. The GECF invests in green, renewable, and ESG-compliant power positions, and power positions with carbon offsets. Mr. Kramer, the former chief commercial officer of Kindle Energy, a Blackstone portfolio company, brings 25 years of experience to the new venture. During his time at Kindle, he was consistently above budget while hedging commodity portfolio risk and developing valuations for prospective portfolio additions. Kramer, who is based in Houston, Texas says the new fund will invest in green, renewable and ESG-compliant power positions certified as carbon net-zero. Additionally, GECF will facilitate buildout of a carbon-free grid by providing hedges required for financings. Kramer holds the Financial Risk Manager (FRM) certification from the Global Association of Risk Professionals (GARP). Additionally, he earned a Master of Science in accounting and a Master of Business Administration degree from the University of Rhode Island. He is also a graduate of the United States Naval Academy.
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Blackstone Acquisition Deal with Bourne Leisure
Timothy Kramer
, from Houston, TX, has been an investment professional for the last 27 years. For over five years, Timothy Kramer served as the chief commercial officer at the Blackstone Group, an investment firm with offices in the Americas, Europe, and Asia.
In late January 2021, the Blackstone Group finalized its acquisition of the Bourne Leisure. Blackstone Group helps other leading institutions and pension funds invest money for their stakeholders. The deal aims to advance the leisure sector while supporting Bourne Leisure's stakeholders.
The purchase will be made using Blackstone Capital Partners (BCP) and Blackstone Real Estate Partners (BREP) funds. The acquisition will be a collaboration between the Bourne Leisure founding families and BREP and BCP in that the former will hold a minority stake in the business. Bourne Leisure is considered a leader in the domestic holiday market. The company hosts 4.5 million guests and 25,000 holiday-home owners across 56 sites in the UK and employs 16,000 team members.Blackstone��s investment track record spans the hospitality, leisure, and travel sectors. A prior deal with Centre Parcs and Merlin's present ownership are a few of the company’s investments.
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Blackstone’s Launchpad Program Targets Young Entrepreneurs
Based in Houston, TX, Timothy Kramer is an expert in the field of business and management. Over the past two decades, he has served as chief commercial officer of several companies. In 2010, Timothy Kramer joined the Blackstone Group, where he developed hedging strategies for power plants. The Blackstone Group is an investment firm that works with international clients in fields including real estate, retirement systems, and growth equity. In addition to its professional operations, the firm created the Blackstone Charitable Foundation in 2007. Aiming to optimize entrepreneurial ecosystems, the foundation designs supportive programs for young entrepreneurs. Blackstone Launchpad is an annual program among the foundation’s key initiatives. Powered by Techstars, the program targets university students with an interest in entrepreneurship. Every year, thousands of students from around the world participate in the program, which provides content and connections to aspiring entrepreneurs. Additionally, student founders can engage in activities that help them develop their business idea.
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