Board of Managers
Patrick Diamond
Founding Partner
Prior to the formation of Next Wave in 2014, Mr. Diamond spent 15 years with Plains All American Pipeline, L.P. (NYSE: PAA) and its predecessors in positions of increasing responsibility, including the last seven years serving as Vice President. His experience at Plains spanned the areas of strategic planning, capital markets, investor relations, mergers and acquisitions and corporate development. He led the execution of more than 25 public and private equity capital markets transactions for gross proceeds of more than $6.3 billion, including the initial public offerings of PAA Natural Gas Storage, L.P. and Plains GP Holdings, L.P.
Prior to joining the Plains organization, Mr. Diamond spent five years as an investment banker in the Global Energy Group of Salomon Smith Barney/Citigroup, where he was involved in all facets of the energy sector, with a particular emphasis on master limited partnerships (MLPs) including the initial public offering of PAA in 1998. He served on the board of directors of the National Association of Publicly Traded Partnerships from 2004 to 2014. Mr. Diamond was inducted into the Alerian Master Limited Partnership Hall of Fame in 2017.
Mr. Diamond earned a Bachelor of Science degree in finance and quantitative studies from Babson College in Wellesley, Massachusetts. He lives in Kingwood, Texas, where he previously served on the boards of directors of St. Martha Catholic School and Hopeful Hearts Ministry.
Michael Bloesch
Founding Partner
Prior to Next Wave, Mr. Bloesch spent 22 years with TPC Group, a manufacturer of specialty petrochemical and fuel products, and its predecessors in multiple executive management positions, most recently serving as Vice President, Strategic Initiatives. His experience at TPC Group included leadership of the strategic planning, business development, feedstock procurement, project development & management, acquisition due diligence & integration, planning & analysis, engineering, risk management, and supply chain management areas, along with commercial management of several of the company’s product lines.
Mr. Bloesch has a significant track record of conceiving creative petrochemical projects and turning them into successful operating assets and businesses. Past projects include conversion of butane into gasoline components, propylene polymerization to specialty oligomers, and olefins to plasticizers & various blend components. He conceived the ethylene to alkylate process used in Project Traveler. Mr. Bloesch earned a Bachelor of Science degree in Chemical Engineering from Mississippi State University and an MBA with a concentration in finance from the University of Houston. He and his wife, Shannon, have three children and live in Bellaire, Texas. He serves on the boards of Soltex Chemical, South Coast Terminals, Bearded Fox Brewing, the Environmental Sustainability Board (ESB) of the City of Bellaire, and the Bagley College of Engineering Dean’s Advisory Board at Mississippi State University.
Pete Labbat
Peter Labbat has served as a director since our inception and has been a partner of Energy Capital Partners since 2006. Prior to joining Energy Capital in 2006, Mr. Labbat spent 13 years in Goldman Sachs’ Investment Banking Division. He began his career within Goldman Sachs’ Mergers & Acquisitions Department, advising on and executing numerous strategic transactions including mergers, acquisitions, joint ventures and divestitures across a variety of industries. As a Managing Director at Goldman Sachs, Mr. Labbat had senior-level coverage responsibility for electric and gas utilities and independent power companies throughout the United States. Mr. Labbat was also responsible for mergers and acquisitions in the natural resources sector. Mr. Labbat received a B.A. in economics from Georgetown University and an M.B.A. from the Wharton School at the University of Pennsylvania.
Matt Delaney
Matt Delaney has served as a director since January 2020 and has been an investment professional at Energy Capital Partners since 2011. Prior to joining Energy Capital Partners, Mr. Delaney worked in the Global Power & Energy Investment Banking Group at Morgan Stanley. Mr. Delaney received a B.A. in Economics from Amherst College.
Ben Condon
Ben Condon has served as a director since January 2020 and has been an investment professional at Energy Capital Partners since 2014. Prior to joining Energy Capital Partners, Mr. Condon worked in the Energy Investment Banking Group at Royal Bank of Canada. Mr. Condon received a B.S. in Economics from Duke University.