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Independent Investment Banking

Strategic Advisory for Energy & Infrastructure

Marathon Capital Partners II LP is a leading independent investment bank delivering M&A, capital markets, and strategic advisory services to companies shaping the future of energy, infrastructure, and sustainable technology.

$40B+ Transaction Value
200+ Transactions Closed
30 GW Clean Capacity Transacted
20+ Years of Experience

Built for the Complexity of Energy Markets

Marathon Capital Partners II LP provides independent, conflict-free investment banking advisory to energy and infrastructure companies, institutional investors, and project developers. Our senior bankers have spent decades executing complex transactions across conventional and renewable energy, power infrastructure, data centers, and emerging sustainable technologies.

We operate as a dedicated, senior-led team — every engagement is staffed by experienced professionals who understand the technical, regulatory, and financial dimensions of the energy transition. Our independence allows us to deliver advice solely in the interest of our clients, without the competing obligations of a balance sheet or proprietary trading desk.

Headquartered in Midtown Manhattan, at 375 Park Avenue, Marathon Capital Partners II serves as a trusted advisor to developers, sponsors, utilities, and strategic acquirers navigating an evolving energy landscape across North America and globally.

Marathon Capital Partners II boardroom with Manhattan skyline view

Independence

No proprietary capital, no conflicting interests. Every recommendation serves one constituency — our client.

Sector Depth

Our bankers carry deep domain expertise across energy, infrastructure, and sustainable technology — not generalist coverage repackaged for the sector.

Senior Engagement

Principals lead every transaction from origination through close. We do not delegate to junior-heavy deal teams.

Advisory Services

Six integrated advisory capabilities spanning the full capital structure and transaction lifecycle for energy and infrastructure assets.

01

Mergers & Acquisitions

Sell-side and buy-side M&A advisory for energy companies, infrastructure platforms, and project portfolios. We manage competitive auction processes, negotiate definitive agreements, and structure transactions to optimize value across complex regulatory and tax environments.

Sell-Side Advisory Buy-Side Advisory Platform Acquisitions Portfolio Divestitures Joint Ventures
02

Equity Capital Markets

Raise growth and development equity from institutional investors, infrastructure funds, pension capital, and family offices. We structure and place equity for greenfield development, platform buildouts, and growth-stage energy companies.

Growth Equity Development Capital Institutional Placement Recapitalizations
03

Debt Capital Markets

Arrange project finance, construction financing, term debt, and tax equity for energy and infrastructure projects. Our team structures financings that align with project cash flows, development timelines, and sponsor return requirements.

Project Finance Construction Financing Tax Equity Term Loans Back-Leverage
04

Tax Credit Advisory

Structure and monetize federal and state tax incentives — including ITC, PTC, and transferable tax credits under the Inflation Reduction Act — to maximize after-tax project returns and reduce the cost of capital for clean energy investments.

IRA Tax Credits Credit Transfers Tax Equity Structuring ITC / PTC Optimization
05

Offtake Advisory

Negotiate and structure power purchase agreements (PPAs), virtual PPAs, hedge structures, and energy supply contracts that underpin asset valuations and project financability.

PPA Negotiation Virtual PPAs Hedge Structuring Corporate Offtake Utility Contracts
06

Energy Transition Advisory

Strategic advisory for companies and investors positioning around the energy transition — including market entry analysis, competitive positioning, decarbonization strategy, and identification of acquisition and partnership targets in emerging technology verticals.

Market Entry Strategy Decarbonization Planning Technology Assessment Strategic Partnerships

Industries We Serve

Deep specialization across five core verticals driving the infrastructure and energy investment landscape.

Utility-scale solar and wind energy farm at sunset
Primary Sector

Utility-Scale Clean Power

Solar, onshore and offshore wind, battery energy storage systems, and hybrid generation facilities across development, construction, and operating stages.

Hyperscale data center campus at twilight
Growth Sector

Data Centers & Digital Infrastructure

Hyperscale and colocation data centers, fiber networks, edge computing, and the intersection of power infrastructure with digital demand growth.

Oil and gas midstream pipeline infrastructure
Traditional Sector

Oil, Gas & Midstream

Upstream and midstream assets, pipeline systems, processing facilities, and gas gathering networks — including carbon-managed operations.

Green hydrogen and low carbon molecules production facility
Emerging Sector

Low Carbon Molecules

Green and blue hydrogen, renewable natural gas, sustainable aviation fuel, ammonia, and carbon capture & sequestration projects.

Advanced sustainable technology and EV charging infrastructure
Technology Sector

Sustainable Technologies

EV charging infrastructure, grid modernization, energy management software, carbon markets, and climate technology platforms.

By the Numbers

Our cumulative transaction experience across energy and infrastructure advisory engagements.

$40B+ Aggregate transaction value advised
200+ Completed transactions
85+ Active institutional relationships
30 GW Clean energy capacity transacted

Our Team

Senior professionals with decades of experience in energy investment banking, project development, and infrastructure finance.

James Harrington

James Harrington

Managing Partner

25+ years in energy investment banking. Former Managing Director at a bulge-bracket bank leading power & utilities M&A. MBA, Wharton.

Rachel Kim

Rachel Kim

Partner, Capital Markets

20 years structuring project finance and tax equity transactions across renewables and conventional power. Previously at a leading infrastructure fund.

David Morales

David Morales

Partner, M&A Advisory

Former senior advisor at a Big Four consultancy and energy-focused PE fund. Expertise in midstream, LNG, and cross-border transactions. JD/MBA, Columbia.

Amara Thompson

Amara Thompson

Director, Energy Transition

15 years in clean energy development and advisory. Led origination at a top-10 renewable developer. Deep expertise in hydrogen and storage markets.

Michael Chen

Michael Chen

Director, Digital Infrastructure

Former VP at a data center REIT. Specializes in hyperscale, colocation, and power procurement for digital infrastructure. MS Engineering, Stanford.

Sarah Patterson

Sarah Patterson

Vice President

Execution lead across M&A and capital raising mandates. Previously in power & utilities investment banking at a middle-market bank. CFA Charterholder.

Nathan Kowalski

Nathan Kowalski

Vice President

Financial modeling and valuation specialist. Background in energy private equity and infrastructure credit. MBA, University of Chicago Booth.

Lauren Rivera

Lauren Rivera

Associate

Supports deal execution and financial analysis across all verticals. Previously at a leading energy consultancy. BS Finance, NYU Stern.

Contact Us

Whether you are exploring a transaction, evaluating strategic options, or seeking capital for your next project, we welcome the conversation.

Marathon Capital Partners II LP

Headquarters

375 Park Avenue, Suite 3100
New York, NY 10152
United States

Careers

We are always interested in speaking with experienced professionals in energy investment banking. Send your resume and a brief note to info@marathoncapitalpartnersii.com.

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