Our Team

George Sorenson | Partner, Chairman and Member of Investment Committee

Mr. Sorenson is a co-founder and Chairman of FE. Mr. Sorenson has devoted the past 21 years to originating, structuring, negotiating and executing direct equity investments in electric, gas, water, and telecommunications utilities in the emerging markets throughout Asia, Central and Eastern Europe, and Latin America. Prior to founding FE, Mr. Sorenson was co-founder and chairman of FondElec Group, Inc., a private equity firm specializing in Latin American utility investments. In his role at FondElec Group and then FE, Mr. Sorenson led the formation and management of four investment funds totaling more than $246 million. Prior to co-founding FondElec Group in 1992, Mr. Sorenson spent more than eight years based in Asia as First Vice President and regional head of high yield finance and capital markets product origination and placement for Drexel Burnham Lambert. He also served in a similar capacity as a Director at Bear Stearns. While at Drexel Mr. Sorenson was involved in structuring financing for Japanese investors for Midland Cogen Ventures, a gas fired conversion of a newly built but not operated nuclear power plant in Midland Michigan. Midland Cogen was the largest co-generation facility built in the United States up to that time. Mr. Sorenson also coordinated the origination and structuring of floating rate note and yen based bond offerings for Coastal Corporation, RJR Nabisco, Enron, and MCI Corporation to name a few.

Mr. Sorenson currently serves as a member of the Board of Director’s of Sanchuan Energy Development Co. Ltd., a hydroelectric business with more than 350 MW of operating hydroelectric plants in southwestern China, Eagle Valley Clean Energy LLC, an 11.5 MW biomass plant in Colorado, and Swasti Power Engineering Limited, a hydroelectric business located in India. He has also served on the Board of Directors of Elektrocieplownia Gorlice Spolka Z.o.o., a combined heating and power facility that furnishes steam for the municipality of Gorlice, Poland, Ambuthirtha Power Private Limited, a hydroelectric company located in Bangalore India, San Carlos Bioenergy, an ethanol producer in the Philippines, Empresas de Entre Rios, an electric distribution company located in the province of Entre Rios in Argentina and Lightning Dock Geothermal in New Mexico.

In his role as a founding partner of FondElec Group Mr. Sorenson led transactions to purchase electric utilities in Peru, Argentina, Brazil, Bolivia and Chile. He has structured other energy investments including the formation of investment partnerships to invest in Gazprom, the world's largest gas distribution company and supplier, Odessa Oblenergo, the electric distribution company in the city of Odessa, Ukraine, and in Teplarney Brno, a steam heating company located in the city of Brno, Czech Republic.

Mr. Sorenson has a B.A. degree in Finance from University of Utah, and a Masters in International Management from the American Graduate School of International Management (Thunderbird) in Glendale, Arizona. Mr. Sorenson is fluent in Japanese.

Francisco Hoyos | Partner, Vice Chairman and Member of Investment Committee

Mr. Hoyos co-founded FE in 2001 and is its Vice Chairman.He has spent the last ten years originating, structuring, and building out direct equity investments in Latin America, Eastern Europe, Asia, and the U.S., in addition to structuring and marketing the firm's partnership vehicles. He has expertise in bio-fuels, hydro power, wind power, solar power, biomass power, geothermal power, and energy efficiency. This expertise in bio-fuels (ethanol and bio-diesel) currently being commercially produced using first generation technologies extends to the requisite biomass feedstock strategies using plant oils, animal fats, or sugar and starch plants available in South America and Southeast Asia. He currently serves as a member of the Board of Director's of each of the firm's investment management companies, each of its portfolio company holding companies, and its Latin American portfolio companies, including Bioenergetica Aroeira Ltda. (Brazil), a sugar cane based ethanol business for which he was the firm's investment deal team leader in 2011.

Mr. Hoyos has considerable experience in Central and Eastern Europe including as FE's lead on the investment in EETEK Hungary, and its Croatian, Slovak, and Bulgarian affiliates, with its diversification from a company focused on energy efficiency and energy outsourcing solutions to a renewable energy project platform developing wind, biomass, and solar projects.

Mr. Hoyos also served as the firm's Chief Compliance Officer until 2011, and in this capacity developed a number of the core processes and protocols of the firm, including the FE Project Development Framework and Investment Approval Process, required for all projects and investments in the firm's deal pipeline, business plan templates for sponsors seeking equity funding from the FE managed partnership vehicles, outline templates for the FE portfolio companies' financial policies and procedures, and a template to be used by new CFOs at portfolio companies with which to prepare a diagnostic report within weeks of joining the respective portfolio company.

Prior to founding FE and serving as a Managing Director of its predecessor firm, FondElec Group Inc., Mr. Hoyos spent eighteen years in the emerging markets corporate finance and capital markets areas at Chase Manhattan Bank (then Manufacturers Hanover Trust and subsequently Chemical Bank) primarily in Latin America. He has proven managerial experience in building and leading financial advisory teams that have originated and executed pioneering debt and equity financing mandates across the capital markets continuum from trade finance syndications to equity private placements and private equity limited partnerships. In Buenos Aires, as the Deputy General Branch Manager, where he had bottom line responsibility and oversight of a staff of 120 lending, corporate finance, full service treasury, operational, and administrative professionals he originated and structured the first debt to equity swap in the local market and for the bank in Latin America. In Caracas, as Country Manager he originated, negotiated, and structured the first syndicated loan after the Latin American debt crisis, with a US$ 200 million trade finance bridge to a US$ 240 million SEC registered EXIM bundling securitization for PDVSA. Mr. Hoyos originated and advised the Andean Development Corporation (CAF) on the first Eurobond offering of US$ 100 million for Latin America's first investment grade issuer.

Upon his return to New York to Chemical Securities Inc., Mr. Hoyos was responsible for corporate finance advisory services to Utilities in the Emerging Markets Investment Banking Group where he sponsored the creation of the Latin American Energy and Electricity Fund, L.P., with the participation of Chemical Venture Partners as the Fund's first investor and Chemical Securities Inc., as financial advisor. He also designed the top to bottom US$ 150 million financing package for the consortium that acquired 60% of Edelsur in Peru, including Chemical's first placement of equity for an Emerging Markets client raising US$ 70 million from institutional investors for this privatization of a state owned electricity distribution company.

Mr. Hoyos has a B.A. from the University of Virginia and an M.B.A. from Columbia University's Graduate School of Business where he was an International Fellow. Raised in Italy and Austria, Mr. Hoyos is a native speaker of English, Spanish, and Italian, is fluent in Portuguese, and is conversational in German and French. He lives in Greenwich, Connecticut with his wife and three sons.

Darice Bochniak | Controller

Ms. Bochniak is based in our Darien, Connecticut office. Ms. Bochniak manages the accounting and financial reporting for all of FE’s investment funds, holding companies, and corporate entities. Ms. Bochniak is also in charge of the annual audits and manages FE’s compliance and investor relations activities.  Ms. Bochniak was previously a Controller with Weston Capital Management, where she was in charge of fund accounting and was part of the deal structuring team and provided support for compliance and investor relations activities. Prior to Weston, Ms. Bochniak was Senior Accountant with Oak Investment Partners, where she managed all aspects of accounting for investment funds, as well as the required tax returns. Ms. Bochniak began her career in public accounting which included working at KPMG, and worked in public industry for 5 years before moving to the private sector. Ms. Bochniak has a Master’s degree in Taxation from the University of New Haven and a Bachelor’s degree in Accounting from the University of Rhode Island.