Kevin Crosby
Partner
Get their honest, personalized take on your startup.
Sign in to pitch Kevin →At a glance
- Full Name
- Kevin M. Crosby
- Title
- Managing Partner, Stellwagen Capital Partners; former Partner / Managing Director, ArcLight Capital Partners
- Firm
- Stellwagen Capital Partners; ArcLight Capital Partners
- Firm Type
- Infrastructure private equity / energy infrastructure investor
- Investment Stage
- Middle-market infrastructure private equity; platform and asset acquisitions rather than seed-stage venture
- Target Company Profile
- Cash-generative real assets and infrastructure platforms with operational upside, long-term contracts, downside protection, and exposure to electrification, decarbonization, data-center power demand, or energy transition themes
- Sector Focus
- Power infrastructure, renewable infrastructure, strategic gas infrastructure, battery storage, data-center power solutions, grid-edge applications, and opportunistic energy infrastructure
- Geographic Focus
- Primarily North America / United States
- Location
- Greater Boston, Massachusetts
Background
Kevin M. Crosby is an energy finance and private equity investor best documented through his long tenure at ArcLight Capital Partners, a Boston-based infrastructure investor founded in 2001. Public filings and investor databases state that he joined ArcLight in 2001 and served as a Partner or Managing Director. ArcLight itself listed Kevin Crosby as a Partner on archived versions of its team page, while the current ArcLight team page no longer lists him.
Before ArcLight, Crosby worked at John Hancock. A TransMontaigne Partners filing states that he was an Associate in John Hancock's Corporate Finance Group, where he analyzed, structured, and closed private debt and equity investments in the energy industry, and also covered sectors including chemicals, metals, consumer products, and healthcare. He began his career at John Hancock Funds in the mid-1990s in financial roles.
Crosby earned a Bachelor of Science in Finance from the University of Maine. In 2016, he was appointed by ArcLight to the board of directors of the general partner of TransMontaigne Partners, with the filing citing his ArcLight position and energy finance and industry experience.
LinkedIn currently identifies a Greater Boston Kevin Crosby as Managing Partner of Stellwagen Capital Partners, LLC. Because Stellwagen has limited public web presence, the strongest independently verifiable investment record remains his ArcLight-era work in energy infrastructure private equity.
Investment Thesis & Focus
- ArcLight's stated focus is infrastructure tied to power, renewables, strategic gas, transformative infrastructure, and opportunistic infrastructure.
- The firm says its strategic focus is on "cash generative real assets" positioned for long-term tailwinds in electrification, decarbonization, and powering the digital economy.
- ArcLight favors operationally intensive investing, using in-house strategic, technical, operational, and commercial specialists and an asset-management partner to improve portfolio assets.
- The firm emphasizes middle-market infrastructure opportunities where it believes it has advantages in sourcing, operational management, value creation, financing, and monetization.
- Relevant pitch fit: contracted or contractable infrastructure assets, power generation, storage, transmission, strategic gas, LNG-linked infrastructure, renewables, hydro, battery storage, and data-center power solutions.
- Poor fit: seed-stage software or broad consumer startup pitches without a hard infrastructure, energy, or real-asset angle.
Notable Investments
- TransMontaigne Partners - Refined-products terminaling and transportation business; Crosby was appointed in 2016 as a director of the general partner by ArcLight.
- Great River Hydro - New England hydroelectric portfolio totaling 589 MW; ArcLight lists 2016 investment and 2023 realization.
- Natural Gas Pipeline Company of America - Major interstate natural gas pipeline system; ArcLight announced a strategic pipeline interest acquisition in 2025 and lists strategic gas infrastructure as a core focus.
- GCX - Permian Basin natural gas pipeline serving Gulf Coast demand and LNG-linked markets; ArcLight lists 2022 investment.
- Infinigen - Renewable-asset platform formed in 2021 to develop and operate renewable assets in North America, Central America, and the Caribbean.
- Griffith Energy / AlphaGen portfolio - Large natural gas-fired power generation portfolio in New Jersey and Maryland; ArcLight lists 2022 investment.
- REC Solar - Solar infrastructure platform; ArcLight lists 2021 investment.
- Elevate Renewables - Battery storage and renewable infrastructure platform; ArcLight lists 2021 investment.
- Oxbow Carbon - ArcLight evaluated a potential acquisition; Delaware Chancery materials describe Crosby's role in meetings and ArcLight investment-committee work, but this was not a completed investment.
Unlock the full research
Get how to approach them, recent activity, sources, contact links — plus pitch their AI twin for a candid read on your raise.
One-time. Stays unlocked for you.