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Encourage Capital

Impact investorOperating company

New York · 9 people tracked

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Investment thesis

Encourage Capital pursues profitable investments designed to solve pressing social and environmental problems through a 'solutions investing' strategy. Its focus areas span clean energy finance, financial inclusion, environmental markets, sustainable infrastructure, sustainable seafood, and water. The showcased portfolio, largely from its Wolfensohn Capital Partners private equity fund, concentrated on emerging-markets banks, housing and microfinance lenders, and financial institutions serving underserved consumers and small enterprises, alongside low-carbon energy and bio-based chemical ventures. The firm emphasizes commercial returns alongside measurable social and environmental impact.

Source: firm website, verified Oct 17, 2026.

HQ
New York, US
Instruments
Equity
Founded
2014
Private fund assets
$64.5M
Tracked investments
18

Team · 9 people

from the firm's website & public directories
Adam Wolfensohn· Managing Partnerin

Managing Partner of Encourage Capital, previously managing director at Wolfensohn Fund Management overseeing cleantech and environmental markets strategies. Holds a B.A. from Princeton and a Master of Environmental Management from Yale.

Ameya Bijoor· Partner

Partner co-leading the clean energy finance and financial inclusion team with 20+ years across private equity and corporate finance. Joined predecessor Wolfensohn Fund Management in 2008; previously at Standard & Poor's and Arthur Andersen, with an M.B.A. from Harvard Business School.

Cesare Calari· Partner

Partner leading the clean energy finance and financial inclusion team. Former World Bank Vice President and IFC director who championed financial inclusion globally; holds degrees from the University of Bologna Law School and Johns Hopkins SAIS.

Ricardo Bayon· Partner, Board of Directors

Partner and board member leading the water team and new business/innovation. Co-founded EKO in 2007 and previously founded the Ecosystem Marketplace; a longtime specialist in finance and environmental markets with a B.A. from Brown University.

Tarun Arora· Partner

Partner focused on clean energy finance and financial inclusion strategies, with the firm since 2011 (then Wolfensohn Fund Management). Previously a senior associate in investment banking at PricewaterhouseCoopers India; holds a B.E., an M.B.A. from the University of Delhi, and the CFA charter.

Ellie Moss· Senior Advisor

Senior Advisor at Encourage Capital.

Gautam Ivatury· Senior Advisor

Senior Advisor and independent investment committee member for the Encourage Solar Finance fund, specializing in financial services in emerging markets. First CFO of SKS Microfinance, ran the Gates-funded CGAP Technology Program, and co-founded ArthImpact.

Jason Scott· Board of Directors

Board member and co-founder of EKO who sits on the EKO Green Carbon Fund investment committee. Was a founding director at Generation Investment Management and co-founded the CREO Syndicate of family offices investing in cleantech and renewables.

Ketki Bhagwati· Senior Advisor

Senior Advisor and independent investment committee member for the Encourage Solar Finance fund with 25+ years in private equity, M&A and structured finance. Former Chief Investment Officer in the IFC's Financial Institutions Group; holds degrees from Wellesley College and Harvard's Kennedy School.

What they invest in

from 4 of 18 portfolio companies

Fintech ×4Marketplaces ×2

HQs:India×1Poland×1Russia×1

Investments · 18 tracked

founders shown can be your intro path
dcb-bankdcbbank.com

DCB Bank is a commercial bank offering deposit products and other banking services to retail customers, advertising interest rates on savings and deposit accounts.

Fintech

Co-investorsSabre Ventures Pvt Ltd

Electronica Financeelectronicafinance.comin𝕏Dec 2019

Electronica Finance is a financial services company with operations in India.

FintechPune, IN

Shilpa Pophale(MD & CEO)in

Co-investorsAavishkaar Venture Management Services Private LimitedLeapFrog InvestmentsLeapfrog

Meritumbankmeritumbank.pl

Meritum is an online financial platform that lets users submit a single application and compare loan and credit offers from multiple institutions matched to their needs.

FintechMarketplaces

Moscow Exchangemoex.com

Moscow Exchange (MOEX) operates a securities and derivatives trading platform where investors trade stocks, bonds, mutual funds, money-market funds, futures (including perpetual and crypto-linked contracts), and gold.

FintechMarketplacesMoscow, RU

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

BTG Pactual GroupDaycovalEKO Green Carbon FundEncourage Solar FinanceFabindia Overseas Private Ltd.GE Joint Development AgreementKalpan Hydro CompanyNational Stock Exchange of India LimitedOdebrecht AgroindustrialOPX BiotechnologiesRepco Home Finance Ltd.UjjivanUjjivan Financial Services Private LimitedWolfensohn Capital Partners

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Encourage Capital made?
Encourage Capital has 18 tracked investments.
What sectors does Encourage Capital focus on?
Encourage Capital focuses on Cleantech, Climate Tech, Energy, Fintech, Impact & Social Good.
Where is Encourage Capital located?
Encourage Capital is headquartered in New York, US.

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