Denham Capital
Private equityBoston Β· Growth Β· 1 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 Aug 11, 2026.
Team Β· 1 people
from public directories
What they invest in
from 11 of 29 portfolio companiesCleantech Γ8Energy Γ8New Materials Γ4Climate Tech Γ3Impact & Social Good Γ2Advanced Manufacturing Γ1Circular Economy Γ1Logistics & Supply Chain Γ1
HQs:United StatesΓ4AustraliaΓ1CanadaΓ1ChileΓ1United KingdomΓ1
Investments Β· 29 tracked
founders shown can be your intro pathEndeavor 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)Syed Jaffar(Managing Director)Adam Carte(CFO)Claire Wilby(Head of Legal)Greg Cook(Co-Chief Technical Officer: Operations)James Greaney(Co-Chief Technical Officer, Construction and Development)
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.
Gray Oak Power develops customized firm power infrastructure for hyperscale and large data centers across the United States.
CleantechEnergy
Greenleaf Power invests in and operates biomass cogeneration plants that recycle waste into renewable energy across North America.
Circular EconomyCleantechClimate TechEnergy
INCOA Performance Minerals is an industrial minerals manufacturing and logistics company that produces fine, ultrafine and treated ground calcium carbonate for North American markets.
Advanced ManufacturingLogistics & Supply ChainNew Materials
Vertically integrated producer of ground calcium carbonate for North American markets.
Nexif Energy develops, finances, builds, and manages power generation businesses, providing electricity to communities.
CleantechEnergyImpact & Social Good
Company acquiring and developing mining assets across Africa.
Pembroke Olive Downs is an Australian company developing steelmaking coal projects, operating the Olive Downs Mine to supply metallurgical coal to global markets.
EnergyNew Materials
Large renewable energy operator and developer in Brazil managing ~1GW of capacity.
UK-based EV charge point owner and operator focused on long-dwell destinations.
Roam operates an EV charging network across the UK, providing charge points and a mobile app for drivers to locate stations, track charging, and manage payments.
CleantechEnergyMobility & Transportation
Santiago Metals Limitada is a Chilean mining company focused on developing copper mining businesses in Chile.
New Materials
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.
Virtue Power develops, finances, and operates photovoltaic solar projects for commercial and industrial (C&I) businesses across the United States.
CleantechClimate TechEnergy
Entity created to facilitate power-related transactions in ERCOT (Texas).
Fund performance Β· per public LP disclosures Β· 6
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Denham Energy Resources Fund II LPLPs: Florida State Board of Administration | 2022 | β | 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 | β | -0.3% | 0.99x | 0.02x |
| Denham Mining Fund NRLPs: Maine Public Employees Retirement System | 2018 | β | 15.5% | 1.36x | β |
| Denham Oil & Gas Fund LPLPs: Florida State Board of Administration | 2016 | β | 10.1% | 1.46x | 0.58x |
| DCPF VI Oil & Gas Coinvestment Fund LPLPs: Florida State Board of Administration | 2013 | β | 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 | β | -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
- 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 Β· Podcasts & interviews
featuring the teamScott Mackin, Co-President & Managing Partner, Denham Capital
Engerati Β· Scott Mackin
Images
Co-investors Β· 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 invests in 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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