For 18 years, co-founders Ryan Barnes, Matt Carbone, and Ed Leung have invested together, fostering a culture that empowers our team to be results-driven, forward-thinking, and entrepreneurial while embracing partnership, collaboration, and transparency.
Bachelor of Arts, Stanford University
Executive Committee Member
Investment Committee Member
Valuation Committee Member
Co-Founder and Managing Partner
Ryan Barnes has 28 years of experience in investing, corporate finance, fund management, and operations. He has helped lead and actively manage investments in industries such as environmental (waste management and aerial firefighting), transport & logistics (marinas and fuel distribution), other essential assets (education and housing), and energy transition (renewable natural gas). Ryan’s past experience includes leadership roles at multibillion-dollar global asset management firms and investment banks where he focused on direct investments, mergers and acquisitions, public offerings, leveraged finance, and corporate development. Ryan received a Bachelor of Arts in Economics and a minor in Asian Languages from Stanford University where he was also the co-captain of the wrestling team.
Ryan currently serves on the boards of American Aviation Holdings (Chairman), Novilla RNG, and Robinson Waste Services (Chairman).
Former boards include Safe Harbor Marinas (Chairman), Flagship Communities (Chairman), American Education Properties (Chairman), Empire Petroleum Partners (Chairman), Inspire Communities (Chairman), and Tunnel Hill Partners.
Ryan is currently the Chair of the Stanford Athletic Board.
Bachelor of Arts, Amherst College
MBA, Harvard Business School
Executive Committee Member
Investment Committee Member
Valuation Committee Member
Co-Founder and Managing Partner
Matt Carbone has 37 years of experience as a financial services entrepreneur who has helped scale and grow organizations by partnering with management teams, boards of directors, and industry participants. He has helped lead and actively manage investments in industries such as transport & logistics (temperature-controlled warehousing facilities, fuel distribution, and marinas), energy transition (renewable natural gas and microgrids), digital infrastructure (dark fiber, cell towers, and cell tower easements), other essential assets (housing), and environmental (waste management and aerial firefighting). He began his career in investment banking with a focus on growth companies and financial sponsors. Matt Carbone received his Bachelor of Arts in Neuroscience from Amherst College and received his MBA from Harvard Business School.
Matt currently serves on the boards for Agile Cold Storage (Co-Chairman), American Aviation Holdings, Crosstown Fiber, Novilla RNG (Chairman), and Robinson Waste Services.
Former boards include CitySwitch, Landmark Dividend (Chairman), Landmark Infrastructure Partners (Chairman), Safe Harbor Marinas (Co-Chairman), Tunnel Hill Partners, Nordic Cold Storage (Chairman), Inspire Communities, Unison Energy (Chairman), Oxford Resource Partners, American Midstream Partners, Petropoint Energy Partners, and Arrow Material Services.
Matt’s current charitable involvement includes being Chair of the Board of The Buck Institute for Research on Aging and a Trustee for the Paul P. Carbone, M.D. Memorial Foundation. He previously served as a President of the Board of San Francisco General Hospital Foundation, Treasurer for FIRESafe Marin, and as a member of the Guardsmen, a San Francisco charity serving the city’s underprivileged youth through outdoor activities and access to education.
Bachelor of Science, University of California Berkeley
Bachelor of Arts, University of California Berkeley
Executive Committee Member
Investment Committee Member
Valuation Committee Member
Responsible Investing Committee Chairperson
Co-Founder, Managing Partner, and Responsible Investing Officer
Ed Leung has 23 years of investing, M&A, corporate finance, and fund management experience. Ed has helped lead and actively manage investments in industries such as transport & logistics (temperature-controlled warehousing facilities), digital infrastructure (dark fiber, cell towers, and cell tower easements), other essential assets (education and housing), and environmental (waste management). His past experience includes helping to source and execute investments in private technology and energy technology companies at a venture capital firm. He began his career in investment banking with a focus on real estate, lodging, and leisure. Ed Leung received a Bachelor of Science in Business Administration and a Bachelor of Arts in Economics from the University of California, Berkeley.
Ed currently serves on the boards of Agile Cold Storage and Crosstown Fiber (Chairman).
Former boards include CitySwitch (Chairman), Landmark Dividend, Landmark Infrastructure Partners, Nordic Cold Storage, Flagship Communities, Inspire Communities, American Education Properties, and Arrow Material Services.
Bachelor of Science, Boston College
Valuation Committee Member
Responsible Investing Committee Member
Chief Financial Officer, Chief Compliance Officer
Dean Shin has 19 years of experience in corporate finance, accounting, and operations. Dean joined ERA in 2022 from 1Sharpe Capital, a residential mortgage real estate investment management firm, where he served as CFO. Previously, Dean was the CFO of FiveTen Capital, an early adopter in the single-family rental space and the initial portfolio for Cerberus’ FirstKey Homes. He began his career at Banc of America Securities’ Real Estate, Lodging and Leisure Investment Banking Group. Dean Shin received a Bachelor of Science in Accounting from Boston College.
Bachelor of Science, Boston University
Responsible Investing Committee Member
Head of Capital Formation
Jaclyn Sene has 17 years of experience in investor relations and capital formation. Jaclyn joined ERA in 2023 from Redesign Health, a healthcare venture capital firm. Previously, Jaclyn was Director of Investor Relations at Third Point, a New York-based investment management firm, where she helped drive strategy and execution for investor relations, marketing, business development, and communications for nearly a decade. She started her career in the Alternative Investments Solutions division of State Street Corporation. Jaclyn Sene received a Bachelor of Science in Human Physiology from Boston University.
Bachelor of Business Administration, The University of Texas at Austin
Responsible Investing Committee Member
Principal
Michael Mocharla has 11 years of experience in investing, M&A, and corporate finance. Michael joined ERA in 2020 from Morgan Stanley Energy Partners where he was an Associate responsible for sourcing, execution, portfolio company management and strategy spanning the entirety of the energy infrastructure industry. Previously, he was an Associate at American Infrastructure Funds LLC (“AIM”). Michael started his career as an Analyst in the Energy Investment Banking Group of Tudor, Pickering, Holt & Co in Houston. Michael Mocharla received a Bachelor of Business Administration in Finance from the University of Texas at Austin.
Michael currently serves on the board of Novilla RNG.
Bachelor of Science, University of Southern California
Principal
Robert Moore has 16 years of experience in investing, M&A, and corporate finance. Robert joined ERA in 2022 from Generate Capital, a sustainable investment company. Previously, he was on the investment team at American Infrastructure Funds LLC (“AIM”). Robert began his career as an investment banking analyst at Houlihan Lokey and The Armory Group (fka The Seaport Group). Robert Moore received a Bachelor of Science in Business Administration from the University of Southern California.
Robert currently serves on the boards of American Aviation Holdings and Robinson Waste Services.
Bachelor of Arts, Northwestern University
MBA, Chicago Booth School of Business
Vice President
Anthony Prousis has ten years of experience in investing, M&A, and corporate finance. Anthony joined ERA in 2023 after receiving his MBA from the Chicago Booth School of Business. Previously, he was a Senior Associate at Winona Capital responsible for sourcing, execution and portfolio company management across the consumer space. Anthony began his career as an Analyst in the Consumer Investment Banking Group of BMO Capital Markets in Chicago. Anthony Prousis received a Bachelor of Arts in Economics from Northwestern University.
Bachelor of Business Administration, The University of Texas at Austin
Responsible Investing Committee Member
Senior Associate
Adam Luna has seven years of experience in investing, M&A, and corporate finance. Adam joined ERA in 2022 from Allstate Investments where he specialized in infrastructure investments. Previously, he was an Energy M&A Analyst in the Global Investment Banking & Markets Division of Scotiabank. Adam Luna received a Bachelor of Business Administration with double majors in the Canfield Business Honors Program and in Finance from The University of Texas at Austin.
Honors Business Administration, Western University
Associate
Rhea Castelino has five years of experience in investing, M&A, and corporate finance. Rhea joined ERA in 2024 from OMERS Private Equity where she specialized in tactical opportunities and energy transition investments. Previously, she worked in infrastructure private equity at DIF Capital Partners. She started her career as an Analyst in Deloitte’s Infrastructure M&A and Advisory practice. Rhea Castelino received an Honors Business Administration degree with Distinction from the Ivey Business School, Western University.
Bachelor of Arts, Swarthmore College
Associate
Christopher Licitra has four years of experience in investing, M&A, and corporate finance. Christopher joined ERA in 2024 from Nomura Greentech where he executed transactions in infrastructure and technology mergers and acquisitions as well as private placements. Christopher Licitra received a Bachelor of Arts in Economics from Swarthmore College.
Bachelor of Arts, Rice University
Associate
Faisal Umerani has three years of experience in investing, M&A, and capital markets transactions. Faisal joined ERA in 2025 from Macquarie Capital where he focused on M&A and capital markets transactions within energy, transportation and digital infrastructure. He received a Bachelor of Arts in Applied Mathematics from Rice University.
Associates of Arts. Evergreen Valley College
Executive Assistant
Tina White Eagle has over four decades of experience supporting leadership teams across the finance, legal, venture capital and technology sectors. Tina joined ERA in 2018. Her past roles include executive support at AIM, Meta, Citibank, PENSCO, Reliant Technologies, Applied Biosystems, VantagePoint Venture Partners, and Worlds Inc. Tina also provided secretarial and executive support at Brobeck, Phleger & Harrison, and Wilson, Sonsini, Goodrich & Rosati. Tina White Eagle received an Associates of Arts in Business Administration from Evergreen Valley College.
Bachelor of Arts, Smith College
Executive Assistant
Mary Zhu joined ERA in 2023 from The Production Board where she supported the CEO. Previously, she was on the CEO’s team at ICONIQ and was a Project Manager within the Industrials, Global Financial Officers, and Luxury Goods practice at Russell Reynolds Associates. She started her finance career as a Fixed Income Analyst at GIC in New York. Mary Zhu received her Bachelor of Arts in Economics from Smith College.