MANAGEMENT TEAM

Charles Wheeler, CEO Greenbacker Renewable Energy Company
Mr. Wheeler has served as our Chief Executive Officer, President, and as a board member since our inception in December 2012. He has also served as a Senior Managing Director of Greenbacker Capital Management ("GCM") and Greenbacker Group LLC since August 2012 (having previously served as a Managing Director of Greenbacker Group LLC since August 2011), and as President and a director of Greenbacker Renewable Energy Corporation ("GREC") since November 2011.

Mr. Wheeler is a veteran of the investment banking industry having spent 24 years, from 1987 to 2011, with the Macquarie Group, one of Australia's leading investment banks. During that time, Mr. Wheeler held several senior positions with the Macquarie Group, including Head of Financial Products for North America from 2007 to 2009 and Head of Renewables for North America from 2007 to 2011. From 1998 to 2007, Mr. Wheeler was a Director of the Financial Products Group at Macquarie in Australia with responsibility for the development, distribution and ongoing management of a wide variety of retail financial products, including REITs, infrastructure bonds, international investment trusts and diversified domestic investment trusts. Prior to joining Macquarie, Mr. Wheeler was a tax manager with Touche Ross & Co. in Australia (which was merged into KPMG in Australia).

Mr. Wheeler holds a Bachelor of Economics from Sydney University and is a member of the Institute of Chartered Accountants of Australia. He was selected to serve as a director because he is our Chief Executive Officer and has significant knowledge of, and relationships within, the project and structured finance industry and the renewable energy sector due to his numerous positions with the Macquarie Group. Mr. Wheeler also brings his extensive background in project and structured finance to bear on the renewables sector. He has experience working in the solar and wind energy sectors while at Macquarie, including a transaction involving the purchase and subsequent management of a large portfolio of distributed solar assets located in California, the consideration of several proposals to invest equity into solar thermal power plants across the Southwest, the acquisition of a wind developer in Texas, and the evaluation of numerous wind development opportunities across Canada and the United States. Furthermore, during his tenure at Macquarie, Mr. Wheeler participated in several other renewable energy resource transactions, including a proposal to invest equity into a significant unlisted geo-thermal developer based in Nevada.


David Sher – Director, Greenbacker Renewable Energy Company
Mr. Sher has been a board member since our inception in December 2012. He has served as Chief Executive Officer and a Senior Managing Director of GCM and Greenbacker Group LLC since August 2012 (having previously served as a Managing Director of Greenbacker Group LLC since February 2011), as well as a member of GCM's investment committee. He has also served as Chief Executive Officer and as a director of GREC since November 2011.

Prior to joining our company, Mr. Sher was a senior adviser at Prospect Capital Corporation, a mezzanine debt and private equity firm that manages a publicly traded, closed-end, dividend-focused investment company, from June 2009 to January 2011. Prior to joining Prospect Capital, Mr. Sher was a serial entrepreneur founding a number of ventures in the financial services and brokerage industry. In 2002, Mr. Sher was a founder and Managing Director of ESP Technologies, a leading provider of financial software and services to institutional asset managers and hedge funds. In May of 2007, that company was sold to a group of investors. Prior to co-founding ESP, Mr. Sher was a founder and CEO of an online brokerage company, ElephantX dot com Inc. Additionally, in September 1997, he co-founded, developed and managed Lafayette Capital Management LLC, a statistical arbitrage hedge fund. Mr. Sher also spent six years at Bear Stearns where he developed trading ideas and strategies for correspondent clearing customers from 1991 to 1997.

Mr. Sher holds a Masters of International Affairs from Columbia University and Bachelor of Arts in Political Science from Rutgers University. Mr. Sher was selected to serve as a director because he is our advisor's Chief Executive Officer and has over 20 years of executive experience in various areas, having previously served as founder and CEO of several companies, including two broker-dealers. He has substantial private equity and investing experience involving originated loan transactions, including serving as a senior adviser at Prospect Capital Corporation, a publicly traded business development company (NASDAQ: PSEC). He also has experience working in the renewable energy sector, including a transaction involving the proposed sale of a 28MW biomass power plant to a private equity firm.


Richard Butt, Chief Financial Officer, Greenbacker Renewable Energy Company
Mr. Butt has held a variety of senior management positions for global investment and financial institutions over the course of his 33-year career. Most recently, from July 2012 to August 2013, he served as President and Chief Executive Officer of P3 Global Management LLC, a firm focused on investing in municipal infrastructure assets. From August 2006 to January 2011, he served as President of Macquarie Capital Investment Management LLC, with offices in New York and Sydney, Australia, responsible for administration, operations, finance, compliance, treasury, marketing, business operations and FX/cash management for portfolios domiciled in North America, Australia, Asia, Europe and the Caribbean. In addition, Mr. Butt served as Chief Financial and Accounting Officer for Macquarie Global Infrastructure Fund, a New York Stock Exchange listed closed end fund (NYSE: MGU). Prior to joining Macquarie Global Infrastructure Fund, Mr. Butt served as President of Refco Alternative Investments LLC and Refco Fund Holdings LLC, the commodity pool businesses associated with Refco, Inc., from January 2003 to August 2006. In this capacity, Mr. Butt was responsible for the initial development and ongoing operations of numerous public and private commodity pools. During the period from 1990 through 2003, he served in various operational and financial capacities with multiple mutual / hedge fund third party administration firms. Earlier in his career, he served as Vice President at Fidelity Investments, where he was responsible for fund accounting and financial reporting for all equity and global mutual funds. Mr. Butt is a Certified Public Accountant previously working at major accounting firms such as PricewaterhouseCoopers LLP, from July 1978 to July 1985, where he was an Audit Manager, and KPMG from December 1994 to October 1996, where he was a Director in their financial services consulting practice. Mr. Butt holds a Bachelor in Management Science from Duke University.


Robert Sher, Managing Director, Greenbacker Capital Management
Mr. Sher has served as a Managing Director of GCM since August 2012 and as Managing Director of Greenbacker Group LLC since February 2011. Prior to joining GCM, from 2008 to 2009, Mr. Sher consulted for Globus Renewables, an Irish-based renewable energy fund focused on the acquisition of wind and solar properties in Spain and Ireland. Mr. Sher co-founded three diverse entrepreneurial ventures including a statistical arbitrage hedge fund, an innovative institutional brokerage company, as well as a financial technology company. In 2002, Mr. Sher co-founded ESP Technologies, where he served as the Head of Operations and Registered Securities Principal of its broker/dealer business until 2008. In May of 2007, that company was sold to a group of investors. In 1999, Mr. Sher was a founder of ElephantX dot com Inc., where he served as the President, Head of Operations and served on the firm's Board of Directors until 2002, when ElephantX dot com Inc. was sold and renamed as ESP Technologies. Prior to being a founder of ElephantX dot com Inc., from 1997 to 1999, Mr. Sher co-founded and ran operations as the Director of Operations for Lafayette Capital Management LLC, a New York-based statistical arbitrage hedge fund. Mr. Sher started his career at Citibank NA, where he managed emerging markets customer service and accounting teams, servicing their institutional client base from 1991 to 1997.

Mr. Sher holds a Masters of International Affairs, International Policy Analysis and Management from Columbia University and a Bachelor of Arts in History and Political Science from Rutgers University. Mr. Sher has experience in the renewable energy sector, including consulting on finance proposals to purchase various utility scale wind projects (400MW) in Valencia and Catalunya, Spain. In addition, since joining Greenbacker Group, LLC, Mr. Sher has originated solar deals comprising over 75MW of rated capacity in New Jersey (e.g., 1.5MW in Medford Township, 10MW in White Township, 20MW in Tinton Falls, and 38MW in Pemberton), Florida (e.g., 335KW in Gainesville), and Canada (10MW in projects under the micro feed-in tariff (MicroFIT) program in Ontario). Robert Sher is the brother of David Sher, a Director on our board of directors.


Spencer Mash, Managing Director, Greenbacker Capital Management
Mr. Mash has served as a Managing Director of GCM since August 2012 and as Managing Director of Greenbacker Group LLC since February 2011. He has experience in structuring, modeling, performing diligence for, and executing transactions such as mergers and acquisitions, investments in private debt securities and bankruptcy restructurings. Prior to joining GCM, from 2010 to 2011, Mr. Mash was employed by TM Capital Corp., a boutique investment bank where he focused on sell side mergers and acquisitions assignments and bankruptcy restructurings. From 2008 to 2009, Mr. Mash was an investment analyst at Gandhara Capital LTD, a long / short hedge fund investing in global large cap public equity. From 2005 to 2008, Mr. Mash was employed by Deerfield Capital Management in its Leveraged Finance Group. Mr. Mash's duties included performing in-depth due diligence and financial analyses, negotiating loan documentation and monitoring over 20 investments in private middle market first lien, second lien, mezzanine and one-stop senior secured debt investments. From 2003 to 2005, Mr. Mash was an analyst at Bank of America Merrill Lynch, where he analyzed, structured and marketed financial sponsor- and mergers and acquisitions-related leveraged loan and high yield securities. Mr. Mash graduated magna cum laude from The University of Pennsylvania's Wharton School of Business with a Bachelor of Science in Economics with a concentration in Finance and Marketing.


Marcus Marcuson, Managing Director, Greenbacker Capital Management
Marcus Marcuson is Managing Director of business development at GCM. Mr. Marcuson has 18 years of financial services sales experience as a licensed producer in both retail and institutional organizations. Prior to joining Greenbacker Capital, Mr. Marcuson worked as Managing Director of Quantitative Research Sales at SJ Levinson & Sons, a closely-held brokerage firm serving institutional clients. Mr. Marcuson served as Vice President of Sales at ESP Technologies, a leading provider of financial software and services to institutional asset managers and hedge funds, from 2004 to 2010. He was the top producer for the company and instrumental in building out the firm’s revenues, client roster and expansion into international business. Marcus began his career specializing in municipal and taxable bond portfolios at a boutique investment firm in San Diego in 1996. He then raised assets as a producing broker and financial advisor at some of the largest wire houses and banks, including Morgan Stanley and Wells Fargo. He focused on providing prudent financial guidance and customized investment solutions for high net worth families, corporations and their executives. Mr. Marcuson holds a Bachelor of Arts in Economics from Point Loma Nazarene University.


Investment Committee
Our investments will require the unanimous approval of GCM's investment committee, which will be comprised of David Sher, Charles Wheeler and representative of GGIC, LTD - Sonny Lulla.


Sonny Lulla, Executive Vice President, GGIC
Mr. Lulla is an Executive Vice President of GGIC. He is also Chief Executive Officer of Infrastructure India plc, an infrastructure fund with holdings in renewable power, transportation and logistics in India. Prior to co-founding GGIC, he was employed by AES as President of AES Brasil Energia with responsibility for businesses in Brazil generating over $1 billion in annual revenue. In this capacity he had responsibility for hydroelectric, thermal, distribution, and telecoms assets and led significant multi-billion dollar transactions. Previously he held positions in power and utilities financing at Morgan Stanley, CMS Energy Corporation and Credit Suisse First Boston.









 

 

 

 


 

 

NOT AN OFFER TO SELL SECURITIES
The material in this Website does not constitute an offer to sell, nor a solicitation of an offer to buy the securities described herein. Such an offering is made only by means of a prospectus. The prospectus must be read in order to understand fully all the implications and risks of any offering of securities to which it relates.

This sales and advertising literature is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only by the prospectus.

The Company has a limited operating history and limited established financing sources. As a result, an investment in the Company is speculative. In addition, investors will not acquire an interest in the Company's advisor.
This literature must be read in conjunction with the prospectus in order to fully understand all of the implications and risks of the offering of securities to which the prospectus relates. A copy of the prospectus must be made available to you in connection with any offering.
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SC Distributors, LLC (member FINRA/SIPC) is the affiliated dealer manager for the Greenbacker Renewable Energy Company offering.

FORWARD LOOKING STATEMENTS

This presentation contains forward-looking statements within the meaning of federal securities laws and regulations relating to the business and financial outlook of Greenbacker Renewable Energy Corporation that are based on management's current expectations, estimates, forecasts and projections and are not guarantees of future performance. These forward-looking statements are identified by their use of terms and phrases such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will” and other similar terms and phrases, including references to assumptions and forecasts of future results. Actual results may differ materially from those expressed in these forward looking statements. You should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this brochure. Forward-looking statements in this brochure speak only as of the date on which such statements were made, and Greenbacker Renewable Energy Corporation undertakes no obligation to update any such statements that may become untrue because of subsequent events.