Founded 2020, London. £500m mandate 2020-2027. £274m deployed across 20+ portfolio cos as end 2025. 39 investments total. Notable: GeoPura (hydrogen), Sustainable Ventures (climate tech ecosystem), Terra CO2 (cement replacement), ELM Mobility (last-mile delivery vehicles), Naked Energy (solar thermal). Led by Steven Poulter (Head).
Investment Focus
Investment Thesis
Invests in commercially scalable climate tech addressing energy transition, carbon capture, hydrogen, property retrofit, long-duration storage. Focus: high-emitting sectors (energy, power, real estate, food/ag) where Barclays has client exposure. Addresses 'missing middle' financing gap—companies don't fit traditional VC or infrastructure fund risk profiles. Leads/co-leads 61% of deals; £1:£2.18 leverage ratio with third parties. Series A to Growth. UK & Global focus.
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