Decarbonization-focused investment firm Galvanize announced today the launch of its new Credit and Capital Solutions strategy, aimed at providing flexible financing solutions to back companies and projects across the energy transition value chain, and established with a $1.3 billion investment program from a leading institutional investor.
Galvanize was launched in 2022 by hedge fund billionaire and former presidential candidate Tom Steyer and Hall Capital Partners founder Katie Hall, as a mission-driven investment platform to provide capital, expertise and partnerships necessary to produce and scale urgent climate solutions.
According to the firm, the new strategy is being launched to meet a growing need for flexible capital across power, manufacturing, efficiency, and resilience, with over $5 trillion anticipated to be invested in infrastructure like renewables, transmission, manufacturing, and electrification by 2030, which will mostly come through credit.
The new strategy will focus on the full energy transition value chain, according to Galvanize, targeting investments in areas including utility-scale and distributed renewable energy, grid and storage solutions, fleet electrification, energy efficiency, and advanced materials manufacturing, in geographies including the U.S., Canada, and Europe. The strategy will offer a wide range of financing tools, ranging from structured non-bank and special situations credit, to preferred equity, and opportunistic capital, spanning public and private markets globally.
Galvanize’s new Credit and Capital Solutions strategy will be chaired by former Congress Member and CEO of HealthCare Financial Partners and CapitalSource John Delaney, and co-led by Chris Creed, formerly Chief Investment Officer of the U.S. Department of Energy’s Loan Programs Office. Additional partners in the strategy include former Riverstone Managing Director Meghan Pasricha, former Farallon special situations investor Anatoly Bushler, and Suresh Vasan, who was previously a Managing Director at GE Energy Financial Services.
Delaney said:
“Even amid policy uncertainty, we believe the growth of clean energy is accelerating—driven by economics, resilience, and demand. The strategy focuses on providing capital solutions that support what’s getting built on the ground: infrastructure, supply chains, and systems that power the next generation of growth.”
