What stage does Capital Dynamics invest at?

Capital Dynamics invests at the Growth, Late Stage stages.

What sectors does Capital Dynamics focus on?

Capital Dynamics focuses on Cleantech, Climate Tech, Crypto & Web3, Energy.

Where is Capital Dynamics located?

Capital Dynamics is headquartered in New York, US.

Capital Dynamics

Private equity

New York · Growth–Late Stage · 46 people tracked

Also known as CAPITAL DYNAMICS AG

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Investment thesis

Capital Dynamics focuses on two core strategies: global mid-market private equity and clean energy. In private equity, the firm believes the global mid-market offers attractive value creation opportunities and offers a comprehensive range of mid-market investing solutions. In clean energy, it is a leading investor making direct equity investments in carbon-reducing renewable energy power generation projects, from late-stage development through commercial operations. The firm serves institutional investors, financial advisors, fund managers, banks and consultants, tailoring investment solutions to client goals. Its investment expertise spans Europe, Asia and North America, with dedicated teams experienced across multiple economic cycles.

Invests inCleantech Climate Tech Crypto & Web3 Energy Asia-Pacific Europe Global New York North America

Source: firm website, verified Aug 18, 2026.

Stage

Growth–Late Stage

New York, US

Instruments

Equity

AUM

$2.7B

Team · 46 people

from the firm's website

Martin Hahn· Senior Managing Director, Chief Executive Officer

CEO and Head of Business Development, and a member of the Executive Committee, with more than 30 years of experience in sales, marketing and general management.

Andrea Mazzaferro· Senior Managing Director, Head of Primaries, Europe

Andrew Bernstein· Senior Managing Director, Head of Private Equity

Barney Coles· Co-Head of Clean Energy

Barney Coles is Co-Head of Clean Energy at Capital Dynamics. He works on private investments in renewable energy assets such as wind parks and solar farms across Europe, focusing on the lifecycle, value drivers, and pricing of these assets within the power market.

Dario Bertagna· Senior Managing Director, Co-Head of Clean Energy

David Smith· Senior Managing Director, Direct Investments

Joseph B. Marks· Senior Managing Director, Head of Secondaries

Oliver Schumann· Senior Managing Director, Direct Investments and Chairman of Private Equity Investment Committee

Alexander Hahn· Managing Director, Business Development, US

Alyssa Penwell· Managing Director, Global Head of Funds - Legal

Andrew Beaton· Senior Advisor, Direct Investments

Andrew Roberts· Managing Director, Chief Technology Officer

Andriy Fitsych· Senior Director, Direct Investments

Azmi Hameed· Director, Fund Operations

Carolin Hirschbiel· Senior Managing Director, Chief Marketing Communications Officer

Constantinos Economou· Senior Managing Director, Business Development, Europe

Deirdre Fahy· Director, Legal Counsel

Eiichiro Hara· Senior Managing Director, Business Development, Japan

Emiliano Vovard· Director, Clean Energy team

Director in Capital Dynamics' Clean Energy team who participated in an energy transition panel at IPEM Wealth in Cannes and was featured in a New Private Markets article.

Federico Braguglia· Senior Managing Director, Business Development, Italy

George Georgiou· Senior Managing Director, Head of Investor Services

Gintare Briola· Managing Director, Head of Portfolio Management, Clean Energy

Harald Zeiter· Senior Managing Director, Group General Counsel, Chief Legal Officer

Helen Down· Senior Director, Head of Clean Energy Transactions - Legal

Helen Lais· Senior Managing Director, Head of Primaries, US

Hina Ahmad· Senior Managing Director, Chief Operating Officer

Jean-Yves Lagache· Managing Director, Business Development, France

Kairat Perembetov· Director, Research

Klaus Gierling· Senior Managing Director, Head of Business Development, DACH, Nordics & Benelux

Mandi Akali· Senior Director, Head of Human Resources

Markus Langner· Managing Director, Business Development, DACH & Netherlands

Martine Sessin-Caracci· Managing Director, Business Development, France

Mauro Pfister· Managing Director, Secondaries

Mike Antonellis· Managing Director, Business Development, US

Mukul Sharma· Chief Financial Officer

Philippe Jost· Managing Director, Head of Product Development and Solutions, Head of Risk

Reid Conway· Senior Director, Global Chief Compliance Officer

Robert H. Berlé· Senior Managing Director, Business Development, Italy

Seishi Teratake· Director, Primaries, Asia

Stephen Day· Managing Director, Secondaries

Susan Giacin· Senior Managing Director, Head of Global Distribution & Investor Relations

Timo Strunkmann-Meister· Managing Director, Head of Fund Operations

Timothy Chow· Senior Director, Primaries, Europe

Verena Rossolatos· Director, Head of Client Relations

William Nicholson· Director, Business Development, UK

Yvan Chene· Managing Director, Secondaries

Fund performance · per public LP disclosures

as of Jun 2024

Fund	Vintage	Committed	Net IRR	TVPI	DPI
Capital Dynamics US Solar Energy, LPLPs: North Carolina Retirement Systems	2012	—	0.3%	1.23x	1.23x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does Capital Dynamics invest at?: Capital Dynamics invests at the Growth, Late Stage stages.
What sectors does Capital Dynamics focus on?: Capital Dynamics focuses on Cleantech, Climate Tech, Crypto & Web3, Energy.
Where is Capital Dynamics located?: Capital Dynamics is headquartered in New York, US.

Media · Podcasts & interviews

featuring the team

Andrew Bernstein, Head of Private Equity, Capital Dynamics

InvestmentNews TV · Andrew Bernstein

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