Severn co-founder lands at GEF | Pensions & Investments

Jay Powell was named a managing partner at private equity firm Global Environment Fund, responsible for growth capital and private equity investments in North America, said spokesman George…

Mr. Powell was co-founder of Severn Capital Partners, a private equity firm that focused on specialty finance and investments in industrial companies. Efforts to reach Severn Capital were unsuccessful.

GEF was founded by Jeff Leonard and John Earhart in 1990 on the
principle that well-deployed capital can bring significant improvements to the environment and quality of life throughout the world.

Leonard came to the business world from an academic grounding in government and economics—in the context of the 1970s energy crises. He was
impressed as a freshman when President Richard Nixon vowed “by the end of the decade we will have developed the potential to meet our own energy needs without depending on any foreign energy source.”

He went on to study comparative political/economic systems at the London
By 1988 he was vice president of the World Wildlife Fund and the Conservation Foundation. He and a former colleague there, John Earhart, founded GEF in 1990.

The idea for a fund on behalf of endangered animals was officially proposed by Victor Stolan to Sir Julian Huxley in
response to articles he published in the British newspaper The Observer.

Dutch Prince Bernhard of Lippe-Biesterfeld helped found the World Wildlife Fund, becoming its first President in 1961. In 1963, the Foundation held a conference and published a major report warning of
anthropogenic global warming, written by Noel Eichhorn based on the work of Frank Fraser Darling (then foundation vice president), Edward Deevey, Erik Eriksson, Charles Keeling, Gilbert Plass, Lionel Walford, and William Garnett.
In 1970, along with Duke of Edinburgh and a few
associates, Prince Bernhard established the WWF's financial endowment The 1001: A Nature Trust to handle the WWF's administration and fundraising. 1001 members each contributed $10,000 to the trust. Prince Bernhard resigned his post after being involved in the Lockheed Bribery

With his global contacts having been approached by the secretive Polish diplomat, Józef Retinger, in May 1954 Bernhard was a key figure in organising a meeting at the Bilderberg Hotel in the Netherlands for the business elite and intellectuals of the Western World to
discuss the economic problems in the face of what they characterised as the growing threat from Communism. This first meeting was successful, and it became an annual gathering known as the Bilderberg Group. The idea for the European Union, first proposed by Robert Schuman on 9
May 1950, was encouraged at Bilderberg.

Prince Bernhard was seen as a jet-setting and charismatic ambassador for the Dutch during post-war reconstruction. Because of his connections, Prince Bernhard reportedly maintained friendships with several high-profile international
figures. They included Nelson Mandela, David Rockefeller, Mohammad Reza Pahlavi, Ian Fleming, and Walter Bedell Smith.
In the 1960s and 1970s, Khashoggi helped bring together Western companies and the Saudi Arabian government to satisfy its infrastructure and defense needs. Between 1970 and 1975, Lockheed paid Khashoggi $106 million in commissions. His commissions started at 2.5% and
eventually rose to as much as 15%. Khashoggi "became for all practical purposes a marketing arm of Lockheed. Khashoggi would provide not only an entrée but strategy, constant advice, and analysis", according to Max Helzel, then vice president of Lockheed's international

A commercial pioneer, he established companies in Switzerland and Liechtenstein to handle his commissions as well as developing contacts with notables such as CIA officers James H. Critchfield and Kim Roosevelt and United States businessman Bebe Rebozo, a close
associate of U.S. President Richard Nixon. His yacht, the Nabila, was the largest in the world at the time and was used in the James Bond film Never Say Never Again. After Khashoggi ran into financial problems he sold the yacht to the Sultan of Brunei, who in turn sold it for
$29 million to Donald Trump, who sold it for $20 million to Prince Al-Waleed bin Talal as part of a deal to keep his Taj Mahal casino out of bankruptcy.

In its early years, Carlyle also advised in transactions including, in 1991, a $500 million investment in Citigroup by Prince
Al-Waleed bin Talal, a member of the Saudi royal family.
Jerome Jay Powell moved to investment banking in 1984, and worked for several financial institutions, including as a partner of The Carlyle Group. Carlyle's 2001 investor conference took place on September 11, 2001. In the
weeks following the meeting, it was reported that Shafiq bin Laden, a member of the Bin Laden family, had been the "guest of honor", and that they were investors in Carlyle managed funds.

George H. W. Bush and his Secretary of State James Baker, both of whom had at times served
as advisers to the firm. Frank Carlucci ran it and was Rumsfeld Princeton roomie. He later ran Wackenhut that merged with G4S.
In the recent Virginia Governors race people were divided over the Carlyle guy vs The Clinton Global Initiative guy. People got really upset. I couldn’t decide which was worse. Didn’t Andy McCabes wife run for something ye olde Virginny?

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