Strategy
Energy and industry are undergoing structural change driven by rising demand, aging infrastructure, technological advancement, and evolving cost dynamics. These forces are reshaping essential markets and creating durable investment opportunities across the real economy.
Our Investment Principles
We bring deep experience in energy transition and industrial resilience, applying that expertise across a broad range of energy and industrial real‑economy investments.
Essential Markets
We invest in energy and industrial businesses that serve essential functions in the real economy. Our focus is on markets characterized by durable demand, mission‑critical products or services, and long‑term relevance across economic cycles.
Focus on Growth
We invest in growth‑stage companies with fully developed products or services, meaningful revenues, customer adoption, and institutional sponsorship, with clear visibility into continued growth.
Proactive Risk Mitigation
We manage risk through collateral, access to recurring or contracted revenue streams, and active engagement with management teams, including observer seats on boards of directors. This approach ensures we stay informed and can promptly address any deviations from the plan.
Our Investment Focus
We invest across both enterprise‑based loans and asset‑backed financings, tailoring structures to a company’s cash flows, asset base, and growth objectives.
Investment sizes typically range from $15 million to over $100 million, with capital used to support expansion, capital expenditures, and strategic acquisitions. Our approach emphasizes downside protection, alignment with management teams and sponsors, and performance across market cycles.
Built Environment & Infrastructure
Innovative companies that improve the performance, reliability, and efficiency of the physical world, including buildings, HVAC, water, and essential infrastructure.
Energy Systems
Businesses supporting the development, operation, and modernization of energy systems, including decentralized and distributed solutions that enhance reliability.
Resource & Energy Efficiency
Companies that optimize the use of energy and natural resources, reduce waste, and improve operating efficiency across industrial and infrastructure markets.
Industrial & Manufacturing Technology
Products and services that enhance manufacturing and industrial processes, improve productivity, and support the modernization of critical industrial systems.
Meet our portfolio partners
Representative investments across energy and industrial markets include:
Enerkem
Enerkem is a global technology provider enabling low-carbon fuels and chemicals production from waste.
Rubicon Technologies
Rubicon Technologies offers digital waste and recycling solutions, serving clients ranging from small businesses to global enterprises.