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
| Organization | Role | Date Range | Details |
|---|---|---|---|
| NGP Energy Technology Partners | Managing Partner | Jan 2009 to Present | — |
| Black Bay Energy Capital | Senior Advisor | Jan 2016 to Present | — |
| Ares Capital/Allied Capital | Principal and Head of Energy Services Investing | Jan 2004 to Jan 2009 | — |
| Saw Mill Capital | Vice President | Jan 2001 to Jan 2004 | — |
| j.p. Morgan | Associate | Jan 1999 to Jan 2001 | — |
| Ifc - International Finance Corporation | Summer Associate | Jan 1997 to Jan 1997 | — |
| Overseas Private Investment Corporation | Graduate Student Intern | Jan 1996 to Jan 1997 | — |
| Bechtel Corporation | Investment Analyst and Infrastructure Development | Jan 1994 to Jan 1996 | — |
| Morgan Stanley | Summer Intern | Jun 1990 to Aug 1990 | — |
| NGP Energy Technology Partners | Market Research Analyst | Unknown 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
Others at Pennington Partners & Co. LLC (10)
| Name | Role | Location |
|---|---|---|
C Christopher Wolfe | President and Chief Investment Officer | Stamford, CT , United States |
J James Pai | Principal | Washington, DC , United States |
J Joseph Masino | Associate | Washington, DC , United States |
K Keith Kellum | Partner and Portfolio Manager | Roswell, GA , United States |
| Portfolio Manager | Washington, DC , United States | |
| Associate | Charlotte, NC , United States | |
| Principal | Washington, DC , United States | |
| Investment Analyst | United States | |
L Longhe Cao | Investment Analyst | United States |
| Portfolio Manager | Houston, TX , United States |
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