/Investor DB

Industry Capital

Private equity

Houston · 10 people tracked

Find your way into Industry Capital

Sign up to see every warm intro you have to Industry Capital

  • Paths you didn't know you had: your email and LinkedIn already hold routes to the Industry Capital team. We find them for you
  • 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
  • Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

✨ Fox Verdict
Sign up to see your fit

Investment thesis

Industry Capital focuses on aligning vision, capital, and execution to create enduring value through purposeful global partnerships. Its affiliated entities and portfolio companies manage over $3.4 billion in discretionary assets, targeting strong performance across investment platforms spanning financial services, real estate, energy and infrastructure, and hospitality and leisure. The firm emphasizes long-term relationships with investors, operators, companies, and governments, and highlights a positive-impact approach aligned with sustainable development goals.

Source: firm website, verified Oct 26, 2026.

HQ
Houston, CA, US
Founded
2005
AUM
$3.4B
Tracked investments
1

Team · 10 people

from the firm's website & curated
Norman Villarina· Founder and Managing Partnerin

Founder of Industry Capital and its Managing Partner since 2003. He previously co-founded Industry Ventures in 1999 and was a public/private equity portfolio manager at Eos Partners and Cassandra-Chase Partners. Holds a BA from UC Berkeley and an MBA from Columbia.

Nitin Saigal· Managing Partner, Co-Founderin

Founding Partner and CIO at Kora, focusing on financial services investments. Previously worked at The Blackstone Group and Bridger Management investing in emerging markets. Born and raised in India.

Doug Wertheimer· Partner

Partner overseeing operating partnerships and strategic decisions across platforms. A former entrepreneur in media, consumer products, and financial services, he held executive roles at Size Technologies and Mark Burnett Productions. Holds an AB from Princeton and a JD from UCLA.

Kingston Wu· CFO and Partnerin

CFO and COO of Industry Capital since 2007, overseeing financials across platforms and leading the Proof Positive hospitality platform. Previously held accounting roles at the Siegfried Group, Oracle, and KPMG. Holds a BA and MBA from UC Berkeley and is a CPA.

Michael Paranac· Operating Partner – NYCin

Operating Partner overseeing acquisitions and asset management for the ICRP multifamily platform and an Investment Committee member. Previously a Director at A&E Real Estate and VP of investments at Allied Partners, with an earlier derivatives career at Morgan Stanley. Holds a BA and MBA from Columbia.

Raj Morjaria· Partner – Londonin

Investment partner with 30 years of emerging-markets private equity experience spanning deal-making, fund management, and capital raising. A founding partner of Aureos Capital, he has worked across LatAm, Africa, and Asia. Holds an economics BA from the University of Essex and is a CFA Charterholder.

Tong Cui· Partner – Beijingin

Partner focused on private equity and trade financing in emerging markets across EMEA, APAC, and LATAM. He founded Bridgeline Group Ltd., which focused on renewable energy developments and was acquired by Industry Capital in 2024. Holds a master's degree from Imperial College London.

Chase Robertson· Principal – Houstonin

Principal in the Houston office working on energy platforms in the US and West Africa and deal origination, and a director of portfolio company VGas LLC. Previously a Senior Managing Director at Robertson Wealth Management and an officer at IBERIABANK. Holds a BBA from Texas Tech.

Daniel Jacobs· Directorin

Founding Partner and Co-CIO at Kora, focusing on internet investments. Previously invested across Asia at Tree Line Advisors in Hong Kong. Raised in California.

Thomas Richards· Director – Houstonin

Director working with the executive committee on energy and power platforms. He previously developed Sub-Saharan African energy projects at Denham Capital's Endeavor Energy affiliate and advised on renewable energy transactions at Marshall & Stevens. Holds dual B.S. degrees in Finance and Accounting from the University of South Florida.

Investments · 1 tracked

founders shown can be your intro path

Other

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

VGas LLC

Frequently asked questions

What sectors does Industry Capital focus on?
Industry Capital focuses on Climate Tech, Crypto & Web3, Energy, Fintech, Impact & Social Good, PropTech, Travel & Hospitality.
Where is Industry Capital located?
Industry Capital is headquartered in Houston, US.

Images

Industry Capital photo

Similar investors

Featured in lists