Private Equity Firm Cresta Names New Partner and Head of Capital Formation, Elevates Two Senior Leaders

Cresta Fund Management, a Dallas-based private equity firm focused on energy and industrial infrastructure, has named David Altshuler a partner and its Head of Capital Formation. The firm also announced two senior promotions, marking what Cresta called an important step in strengthening its institutional investor engagement and capital-raising strategy.

Altshuler has more than 25 years of experience in private markets and infrastructure investing, with a background in capital raising, client engagement, and product strategy across global institutional allocators, the firm said.

Chris Rozzell, managing partner at Cresta, said in a statement that Altshuler’s “deep expertise in private markets and infrastructure, coupled with his institutional relationships and client-centric approach, make him an exceptional addition to Cresta.” As the firm broadens its platform, Rozzell added, “we’re confident [he] will further accelerate our ability to deliver value to our investors.”

Before joining Cresta, Altshuler was a partner and co-head of Client Solutions at Quantum Capital Group, where he led capital formation initiatives. He previously served as head of Global Client Solutions, North America at IFM Investors. Earlier in his career, he was a founding partner of StepStone Group’s Infrastructure & Real Assets business and held senior investment and client-facing roles at Meketa Investment Group and Nuveen Investments.

In his new role, Altshuler will oversee Cresta’s capital formation efforts, with a focus on strengthening relationships with institutional allocators and supporting the firm’s long-term growth strategy, the firm said.

Senior promotions

Cresta also announced two internal promotions tied to what the firm described as its continued investment in developing talent.

Wade Webber has been promoted to partner. He is responsible for sourcing and executing new investments, managing portfolio companies, and driving value creation across Cresta’s platforms. Webber, who joined the investment team in 2017, also contributes to firm strategy and engages with institutional investors. Cresta said his leadership and strategic insight earned him the promotion.

Jordan Maxwell has been promoted to chief financial officer. Maxwell joined Cresta in 2017 as controller. As CFO, he will continue to oversee financial operations—including fund reporting, audits, tax, and accounting—while maintaining financial controls and transparency.

Where Cresta is deploying capital

Cresta said it manages approximately $2 billion in assets. The firm provides growth equity for sustainable and conventional energy infrastructure solutions across the industrial, logistics, and agricultural sectors.

Cresta Fund Management invests primarily in sustainable and conventional energy infrastructure, with a growing emphasis on low-carbon assets and decarbonization projects across logistics, industrial, and agricultural sectors. The PE firm has been an active backer of energy transition initiatives—including carbon capture, utilization, and storage, or CCUS for short.

In July, for example, Cresta made a second investment in Dallas-based Lapis Carbon Solutions, saying the move reflected its “continued conviction” in the company’s strategy to build bespoke CCUS projects for high-intensity emission sources.