Denham Capital
Private equityBoston · Growth · 2 people tracked
Investment thesis
Denham Capital specializes in private equity and credit across sustainable infrastructure, critical metals and minerals, and energy transition-focused companies worldwide. Its equity strategy targets mid-market sustainable infrastructure assets that generate inflation-protected cash flows with measurable positive impact. A direct lending strategy provides credit to investment-grade and below-investment-grade sustainable infrastructure companies and securities globally. Its mining business finances metals and minerals projects critical to decarbonization, energy transition, supply chain security, and technology. The firm partners with entrepreneurs to build infrastructure and resource businesses, guided by values of fairness, economic rationale, flexibility, trust, and socially responsible development.
Source: firm website, verified Sep 1, 2026.
Team · 2 people
from curated & public directories
Founder mafia
2 people who came through Denham Capital went on to found or lead other companies.
What they invest in
from 14 of 30 portfolio companiesCleantech ×10Energy ×10Climate Tech ×5New Materials ×5Impact & Social Good ×2Advanced Manufacturing ×1AI & Machine Learning ×1Circular Economy ×1
HQs:United States×4Brazil×3Australia×1Canada×1Chile×1Spain×1
Investments · 30 tracked
founders shown can be your intro pathBy year:2024 · 12020 · 12 dated
Endeavor Energy develops, finances, builds, and operates power infrastructure projects across African markets, with in-country presence in Ghana and Guinea.
CleantechEnergyImpact & Social Good
Erik Granskog(CEO)inSyed Jaffar(Managing Director)inAdam Carte(CFO)Claire Wilby(Head of Legal)inGreg Cook(Co-Chief Technical Officer: Operations)James Greaney(Co-Chief Technical Officer, Construction and Development)in
Gray Oak Power designs customized power infrastructure solutions for hyperscale and large data centers in the United States, combining gas-fired and renewable generation with battery storage to deliver high-reliability power systems.
AI & Machine LearningCleantechData & InfrastructureEnergy
Emilio Vicens(Founder & CEO)
Nexif Energy develops, finances, and operates power generation and renewable energy projects across Southeast Asia, South Asia, the Middle East, and Australia.
CleantechEnergyImpact & Social GoodSingapore, SG
Surender Singh(Founder)Matthew Bartley(Co-founder & Managing Director)
Pembroke Olive Downs operates a metallurgical coal mine in Queensland's Bowen Basin, producing high-quality coking coal and PCI products for steelmakers globally.
EnergyNew MaterialsMoranbah, AU
Co-investorsRaptor Group
Pontal Energy is a Brazilian generator and trader of renewable energy, operating over 400 MW of installed wind and solar capacity across two states with 130 wind turbines.
CleantechClimate TechEnergy
Fernando Mano(CEO)José Raimundo Silva(Diretor de O&M)in
BoardAna Marta Horta Veloso(Board Member (Conselho de Administração))in
Roam provides EV charging infrastructure across the UK, offering fully funded and client-funded charger installation and maintenance for businesses, along with a driver app for locating and paying for charging sessions.
CleantechClimate TechEnergyMobility & TransportationCrawley, GB
Perth-based company developing mining projects and improving operational mining assets across Australia.
African renewable power developer focused on South African wind and solar projects.
Publicly listed (TSXV:COR) copper exploration company with three projects in Peru.
Edmonton
Ken McNaughton(Director)Jim Greig(Director)Olav Langelaar(Director)Keith Peck(Director)Ewan Webster(Director)Jay Chmelauskas(Executive Officer, Director)
Camino Minerals Corporation is a copper exploration and development company advancing projects from discovery to production, including the Los Chapitos and Costa de Cobre projects in Peru and the Puquios copper mine in Chile.
CleantechNew MaterialsVancouver, CA
Jay Chmelauskas(CEO)
Developer and operator of power generation assets in Latin America.
Global solar development company focused on emerging solar markets.
Developer of the 600MW Mariveles thermal power plant in the Philippines.
Greenleaf Power invests in and operates biomass cogeneration plants that recycle waste into renewable energy across North America.
Circular EconomyCleantechClimate TechEnergy
INCOA Performance Minerals supplies high-purity limestone and industrial minerals to markets requiring specialized, innovative mineral products.
Advanced ManufacturingLogistics & Supply ChainNew Materials
Joachim Roettle(CEO)
Vertically integrated producer of ground calcium carbonate for North American markets.
Company acquiring and developing mining assets across Africa.
UK-based EV charge point owner and operator focused on long-dwell destinations.
Santiago Metals Limitada is a Chilean mining company focused on developing copper mining businesses in Chile.
New Materials
Serraverde is a rare earth elements (REE) provider that produces and supplies essential materials for advanced technologies in sectors including renewable energy, transport, medical devices, and defense.
CleantechDefense TechEnergyNew MaterialsBrazil, BR
Solar power developer across Europe and the Mediterranean.
Africa-focused independent renewable power generation company with hydro projects.
Provider of district heating and cooling services across North America (exited 2008).
Coal producer in the Central Appalachian coal basin.
Operator of coal mines in Northern Appalachia and the Illinois Basin.
Verde provides digital lending services and loan origination tools to small and medium-sized farmers in Brazil, working through agricultural loan advisors.
FintechSaaSSão Paulo, BR
Lucas Martins(Founder)inJorge Silveira(Founder)in
Co-investorsY Combinator
Virtue Power develops, finances, and operates photovoltaic solar projects for commercial and industrial (C&I) businesses across the United States.
CleantechClimate TechEnergy
Matthew West(President & COO)inJumaane Ponder(Chief Financial Officer)in
Entity created to facilitate power-related transactions in ERCOT (Texas).
Portfolio news
latest coverage across their companiesVerde · wealthawesome.com · Jul 16, 2026
Fund performance · per public LP disclosures · 6
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Denham Energy Resources Fund II LPLPs: Florida State Board of Administration | 2022 | — | 17.2% | 1.35x | 0.31x |
| Denham Mining FundLPs: Pennsylvania Public School Employees' Retirement System, Maine Public Employees Retirement System, Carnegie Corporation of New York | 2018 | — | -0.3% | 0.99x | 0.02x |
| Denham Mining Fund NRLPs: Maine Public Employees Retirement System | 2018 | — | 15.5% | 1.36x | — |
| Denham Oil & Gas Fund LPLPs: Florida State Board of Administration | 2016 | — | 10.1% | 1.46x | 0.58x |
| DCPF VI Oil & Gas Coinvestment Fund LPLPs: Florida State Board of Administration | 2013 | — | 15.9% | 1.60x | 1.60x |
| Denham Commodity Partners Fund VI LPLPs: Washington State Investment Board, Florida State Board of Administration, Pennsylvania Public School Employees' Retirement System +4 more | 2011 | — | -3.1% | 0.90x | 0.57x |
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
- How many investments has Denham Capital made?
- Denham Capital has 29 tracked investments.
- What stage does Denham Capital invest at?
- Denham Capital invests at the Growth stage.
- What sectors does Denham Capital focus on?
- Denham Capital focuses on Cleantech, Climate Tech, Data & Infrastructure, Energy, Impact & Social Good, Mobility & Transportation, New Materials.
- Where is Denham Capital located?
- Denham Capital is headquartered in Boston, US.
Media · Podcasts & interviews
featuring the teamScott Mackin, Co-President & Managing Partner, Denham Capital
Engerati · Scott Mackin
Images
Co-investors · 4
Sequoia Capital is a venture capital firm that partners with founders to build technology companies.
Balderton Capital is a European venture capital firm that backs technology startups.
Sequel is an early-stage investment and storytelling firm that combines venture capital with premium documentary filmmaking and brand content production to support founders. The firm co-invests alongside top-tier funds at pre-seed through Series C stages.
Alma Angels is an inclusive community of angels, founders, investors, and partners who pledge time and capital to support women founders, aiming to generate $1 trillion in women-led wealth by 2050 through capital access, education, and collaboration.
Firms observed investing alongside Denham Capital, from public investor directories. Shared companies are the overlap with Denham Capital's recorded portfolio.
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