British private equity firm Permira has added Paddy Padmanathan as a senior adviser to its global climate investing team.
In his new role, Padmanathan will help source new investment opportunities, conduct due diligence and support management teams, according to a statement.
Permira’s global climate investing team was formed in March and comprises eight investment professionals, co-led by Kush Patel and another partner who will join later this year.
The team aims to invest in both transition assets and transition enablers, focusing on sub-sectors including energy transition, resource efficiency, circular economy and grid modernisation & resiliency.
Padmanathan was most recently president and CEO of ACWA Power, a developer, investor, and operator of power generation and desalinated water plants, according to its website. Prior to this, he served as vice president and corporate officer at Black and Veatch, according to his LinkedIn profile.
He currently advises and/or serves on the board of directors of several climate transition companies in the transmission, water, data centre and renewable energy sectors.
