JP Conte's Family Office Backs Brazilian Waste-to-Energy Firm

Key Takeaways

Sector: Energy Infrastructure & Renewables.
Geography: Brazil.

Analysis

Lupine Crest Capital, the family office of American private equity veteran Jean-Pierre “JP” Conte, has joined eB Capital in a R$640 million (~$115 million USD) investment in Brazilian waste-to-energy pioneer Orizon Valorização de Resíduos S.A.The investment, led by eB Capital, anchors Orizon’s recent follow-on offering and will fund strategic growth initiatives. These include expanding biomethane production and further consolidation within Brazil’s sustainable waste sector. Lupine Crest contributed alongside eB Capital to support the expansion of one of Brazil’s most innovative environmental infrastructure companies.

“Orizon has revolutionized the ability to not only process waste but to profitably create renewable raw materials that serve as substitutes for fossil fuels,” said JP Conte. “eB Capital’s investment is a critical step that will propel this innovative business forward, and I applaud Eduardo Melzer for making this smart, strategic move.”

Orizon operates 17 Ecoparks across 12 Brazilian states, managing waste for over 40 million residents. Its facilities generate up to 800,000 MWh/year—equivalent to the energy needs of a city of one million—and have the capacity to generate 4 million tCO₂e/year in carbon credits. That equates to removing 1.6 million cars from the roads or planting 27 million trees annually.

Lupine Crest Capital is the family office of JP Conte, a veteran investor and former chairman of Genstar Capital. The firm invests across healthcare, software, financial services, and industrial sectors, focusing on long-term value creation.

eB Capital is a leading private equity firm in Brazil known for addressing structural challenges through business innovation. Its portfolio includes national leaders in fiber optics, diagnostics, education, and recycling. eB Capital is recognized for its operational expertise and top-quartile investment performance, and is a major force in Brazil’s climate and sustainability investment landscape.

Orizon Valorização de Resíduos is Brazil’s front-runner in sustainable waste management. Through its Ecoparks, it transforms waste into energy and reusable materials, contributing to circular economy goals and carbon neutrality. Orizon registered the first carbon credit project under the UN’s Clean Development Mechanism (CDM).