About our founder
Founder & Chief Investment Officer
Caroline founded Pana LCE in 2019 to meet the demand for sustainable climate investments that offer competitive returns. Her work in commodities and infrastructure investing spans 27 years at several premier institutions including Lazard Asset Management, Enron, Carlyle Group, BNP Paribas, Deutsche Bank, Credit Suisse, Kimura Capital, and Pana Advisory. She has significant Private Equity growth experience through arranged financing and IPO’s for the earliest “green companies”. Caroline has also advised on and taken GP ownership stakes in several green companies and platforms through Pana Advisory. Caroline was most recently Co PM for the Lazard Real Assets Fund (BBG ticker RALIX) and made growth investments into Infrastructure, Real Estate, and Commodity companies. Caroline was also co PM of the Lazard Commodity fund (BBG ticker COMDO) with Pana LCE team member Eduardo Gonzalez. Caroline holds a Bachelor of Science and Arts in Management from Bucknell University.
About Our Team
We’ve built a team at Pana LCE on shared values, built over our many collaborations over our 30+ year careers. The foundation of trust and integrity we have built as fiduciaries throughout our careers is essential to our Pana LCE vision. As important is that we’ve built a team of commodity experts with proven success in growth equity investments in the key climate sectors of agriculture, energy, and industrials. The relationships we’ve built over our careers form the backbone of Pana LCE’s proprietary network, ensuring early access to the best opportunities for investors. Our proven success through profitable exits and our ability to value companies for a “green premium” establish us leaders in the ESG/climate space.
- Portfolio Management
- Senior Advisors
- Business Operations
Mario De La Ossa
Private Growth Equity- Energy
Mario specializes in geospatial analytics, energy market and supply chain analytics, supply/trading/refining optimization, and conventional and biofuels feedstocks optimization. He has significant growth equity experience in addition to prior work in commodity derivatives trading, modeling, risk management expertise and predictive analytics systems. He previously held roles at Enron, Koch Industries, Tesoro, Chevron, Silverpeak Private Equity, Bloomberg and Descartes Labs. Mario managed several growth equity investments within the energy refining space while at Silverpeak. Prior to entering the energy industry, Mario served as a U.S. Naval Officer. Mario holds a BS degree from the US Naval Academy and an MA from Norwich University.
CFA, CAIA – Growth Equity and Project Valuations/Portfolio Management – Agriculture/Chemicals
Eduardo began working in the investment field in 1997. Before joining Pana, Eduardo was a portfolio manager on the Commodities team at Lazard Asset Management and managed a Sustainable Agriculture portfolio. Prior to that, he was a portfolio manager at Deutsche Asset Management for their commodities strategy. Caroline and Eduardo shared responsible for the Lazard Commodities futures and public equity strategy as co-PMs and made many growth equity investments. This portfolio (BBG ticker COMDO) has a three year + track record. Prior to Pana, he was a Senior Analyst at Invesco and worked at FactSet Research Systems. Eduardo has a BS in Economics and a BS in Business Administration from Carnegie Mellon University.
CFA Senior Advisor – Due Diligence
Kalina has over 15 years of investment and risk management experience. Prior to joining Pana, Kalina was a member of the External Relationships Team at the New York office of OMERS, a Canadian pension fund, where she performed due diligence on a broad range of traditional and niche hedge fund strategies, custom alternative investment solutions, private equity funds and co-investments. Prior to OMERS, she was a member of the Asset Mix and Risk Team of the Ontario Teachers Pension Plan in Canada. She holds an MBA from the Simon Busines School at the University of Rochester and a BA from the University of National World Economy in Sofia Bulgaria.
Mary Ellen Hennessy Jones
Senior Advisor - Operations
Mary Ellen Hennessy-Jones is President and a co-founder of Solera Capital, a New York-based, women-owned private equity firm that invests in emerging growth companies in sustainable consumer sectors such as Annie’s Homegrown. Ms. Hennessy-Jones is a member of Solera’s Investment Committee and serves as the firm’s Chief Compliance Officer. Prior to joining Solera, Mary Ellen had a 20-year career in private finance, investment banking and corporate finance, at firms including J.P. Morgan, Salomon Smith Barney, NationsBank, Allied Capital Corporation and Exxon Corporation. Ms. Hennessy-Jones graduated Phi Beta Kappa and Durant Scholar from Wellesley College with a B.A. in Mathematics and Economics. She also holds an MBA, with a concentration in Finance, from the Wharton School of the University of Pennsylvania, where she was elected to Beta Gamma Sigma.
Senior Advisor – Risk Management
Michele is currently a bord member for Sanford Bernstein, Ltd and the Texas Tech endowment. Michelle previously served as President of Americas at Man Group. In a career spanning more than 30 years, Michelle has run trading and hedging books for energy companies and large investment banks. She joined Man Group’s multi-manager business in 2006 to build its expertise in commodities and new alternatives including energy, environmental investing and real estate, ultimately taking over research, selection and oversight. She has extensive experience in fund of hedge fund portfolio construction, asset allocation and risk management. Michelle graduated magna cum laude with a B.S. in Chemical Engineering from Texas Tech University.
Senior Advisor - Marketing
David oversees all marketing activities for Pana, inclusive of marketing strategy, brand identity and standards, content development, social media, and CRM. David brings 24 years of consumer brand marketing, communications, media, and advertising expertise garnered across agency, consultancy, and corporate roles. He has led integrated marketing strategy for The Hartford and Reebok, and driven communications strategy as an agency leader for a diverse set of clients including of Procter & Gamble, Coca-Cola, Bayer, Hyatt, Enterprise, IBM, and General Motors. David holds a Bachelor of Business Administration in Marketing from The College of William and Mary and a Graduate Degree from New York University. David and his wife, Kristen, reside in North Stonington, CT, where they own and maintain a state-certified forest.