Earth Capital Partners chooses first CEO

Edward Collins was named CEO at private equity firm Earth Capital Partners, a spokeswoman said.

The position is new. The CEO duties were previously handled by Chief Investment Officer Gordon Power.

"We are continuing to fundraise and have already deployed investments into some transformative innovations around the world that are focused on sustainability. (Mr. Collins') experience, knowledge and approach will be an invaluable asset to our team," Mr. Power said in a news release.

Mr. Collins was most recently CIO of Aldbourne Investment Management. An Aldbourne spokesman could not be reached to comment about a replacement.

Earth Capital has $1.2 billion in assets under management.