September 2020

Veteran Investor Adam Stulberger Joins Newlight as Partner

NEW YORK — (BUSINESS WIRE) — Newlight Partners LP (“Newlight”), a private investment firm, today announced that Adam F. Stulberger has joined the firm as a Partner, where he will lead the firm’s efforts in the Business Services sector. Mr. Stulberger joins Newlight from Tailwind Capital, where he worked for nearly two decades and most recently served as Partner.

David Wassong and Ravi Yadav, co-Managing Partners of Newlight, said: “We are thrilled to welcome Adam to Newlight as we continue to scale our growing platform, expand our world-class team, and identify attractive investment opportunities. Adam is a proven investor who shares our passion for building successful, durable businesses, and brings with him significant investing experience and a deep network of industry relationships. On a personal level, we have known Adam for many years and are confident he will meaningfully bolster our capabilities in business services.”

“I am thrilled to join Newlight at this exciting time in the firm’s evolution,” added Mr. Stulberger. “I look forward to working alongside David, Ravi and their highly dedicated team to help build upon the firm’s solid foundations and identify attractive investment opportunities.”

Prior to joining Tailwind, Mr. Stulberger was Chief Development Officer and Chief Financial Officer of SpectraSite Communications’ European operations. Before that, he was an investment banker specializing in media and communications at Morgan Stanley and Credit Suisse. He began his career as a corporate attorney at Wachtell, Lipton, Rosen & Katz LLP.

About Newlight Partners LP

Newlight Partners LP is a private investment firm focused on collaborating with management teams and strategic investors to build unique, durable businesses, predominantly in North America. For more than 15 years, the Newlight team has helped build successful enterprises in five sectors, including financial services, telecommunications, power and infrastructure, healthcare services and business services. Led by David Wassong and Ravi Yadav, the Newlight team has invested approximately $6 billion in over 100 investments since 2005, first as the Strategic Investments Group at Soros Fund Management LLC (Soros), and now as Newlight after the team's spin out from Soros in 2018. Newlight has approximately $4 billion in capital commitments and assets under management.

Media Contacts:

Newlight Partners: Gasthalter & Co. Jonathan Gasthalter/ Nathaniel Garnick