Dallas-based private equity firm Cresta Fund Management has hired two new operating partners from Navigator CO2 Ventures, a BlackRock-backed CO2 pipeline effort that was recently cancelled, according to a news release.
The new hires are Eric Leigh and Jim Mullin. Leight helped lead business development and carbon capture and sequestration (CCS) origination activities for Navigator and drove the firm’s strategy for environmental attributes as the Executive Director of Carbon Supply and Markets.
Mullin previously served as the Executive Director of Carbon Utilization for Navigator and helped commercialize carbon utilization and educate stakeholders on carbon sequestration and utilization markets and solutions.
Mullin and Leigh’s energy and carbon capture industry experience is expected to provide a key addition to Cresta’s Sustainable Fund Series, in particular Lapis Energy, Cresta’s CCS-focused portfolio company.
