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Bruce Schulman

Managing Partner at Pennington Partners & Co. LLC

Washington, DC , United States

About

Bruce Schulman is Managing Partner at NGP Energy Technology Partners, based in Washington, DC, where he oversees the firm's investment activities and strategic direction. He has played a pivotal role in leading investments across energy technology sectors, with a particular focus on manufacturing, service, and environmental technologies related to energy transformation and efficiency.

Prior to joining NGP, Bruce served as Principal and Head of Energy Services Investing at Allied Capital/Ares Capital, where he led or co-led the firm's energy investing initiatives, focusing on growth-stage companies in energy services and equipment markets. He is also a Senior Advisor at Black Bay Energy Capital, further extending his expertise within the energy-focused private equity space. His investment career spans over two decades in principal investing and advisory roles related to energy, industrials, and technology.

Bruce holds an MBA in Finance from the University of Pennsylvania's Wharton School, a Master of Arts in Asian Studies and International Economics from Johns Hopkins University, and a Bachelor of Arts in East Asian Studies from Harvard University. His background blends deep financial acumen with sector specialization, and he is recognized for significant contributions to energy technology investment, particularly in scaling companies in the cleantech and traditional energy service sectors.

Career History

OrganizationRoleDate RangeDetails
NGP Energy Technology PartnersManaging PartnerJan 2009 to Present
Black Bay Energy CapitalSenior AdvisorJan 2016 to Present
Ares Capital/Allied CapitalPrincipal and Head of Energy Services InvestingJan 2004 to Jan 2009
Saw Mill CapitalVice PresidentJan 2001 to Jan 2004
j.p. MorganAssociateJan 1999 to Jan 2001
Ifc - International Finance CorporationSummer AssociateJan 1997 to Jan 1997
Overseas Private Investment CorporationGraduate Student InternJan 1996 to Jan 1997
Bechtel CorporationInvestment Analyst and Infrastructure DevelopmentJan 1994 to Jan 1996
Morgan StanleySummer InternJun 1990 to Aug 1990
NGP Energy Technology PartnersMarket Research AnalystUnknown to Present

Education

University of Pennsylvania

Master Of Business Administration, Finance

1997 1999

Johns Hopkins University

Master Of Arts, Asian Studies, International Economics

1996 1998

Harvard University

Bachelor Of Arts, East Asian Studies

1987 1991

Staples High School

1983 1987

Skills & Expertise

Mergers
Investments
Project Finance
Financial Modeling
Corporate Development
Valuation
General Surgery
Private Equity
Venture Capital
Bariatric Weight Loss Surgery
Business Services
Due Diligence
Investment Banking
Energy

Others at Pennington Partners & Co. LLC (10)

NameRoleLocation
C
Christopher Wolfe
President and Chief Investment OfficerStamford, CT , United States
J
James Pai
PrincipalWashington, DC , United States
J
Joseph Masino
AssociateWashington, DC , United States
K
Keith Kellum
Partner and Portfolio ManagerRoswell, GA , United States
William Lowrie
William Lowrie
Portfolio ManagerWashington, DC , United States
Colin Larsen
Colin Larsen
AssociateCharlotte, NC , United States
Eric Christiansen
Eric Christiansen
PrincipalWashington, DC , United States
Jacob Reinhardt
Jacob Reinhardt
Investment AnalystUnited States
L
Longhe Cao
Investment AnalystUnited States
Trey Sheain
Trey Sheain
Portfolio ManagerHouston, TX , United States

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