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Capricorn Investment Group is a sustainable investment platform founded in 2000 by Jeff Skoll, originally as his family office. The firm operates from its headquarters in New York City and Palo Alto, California. Capricorn serves a diverse client base, including families, foundations, and institutional investors, focusing on delivering enhanced risk-adjusted returns through sustainable investing. The firm has established itself as a leader in integrating sustainability into investment strategies, addressing both environmental and social challenges.
As of 2025, Capricorn manages assets estimated between $9 billion and $12 billion across various strategies. The firm has developed a reputation for its innovative approach to sustainable investing, particularly through its Technology Impact Fund and Sustainable Investors Fund. Capricorn has achieved notable milestones, including backing high-profile companies like Tesla and SpaceX, and has completed 14 exits to date, further solidifying its status in the investment community.
Capricorn Investment Group specializes in Outsourced Chief Investment Officer (OCIO) services and asset management, with a strong emphasis on sustainability. The firm manages two primary funds: the Sustainable Investors Fund (SIF) and the Technology Impact Fund (TIF). The SIF focuses on investing in impact-oriented asset management firms, while the TIF targets sectors such as climate change mitigation, healthcare, deep tech, and aerospace. Capricorn's investment strategy is aligned with key themes including economic opportunity and responsible stewardship.
Investment checks typically range from $1 million to $100 million, depending on the fund and the specific investment opportunity. Capricorn primarily invests in North America but maintains a global portfolio. The firm looks for founders who demonstrate a commitment to sustainability and have a clear vision for addressing environmental and social challenges. Their deal structure often includes co-investment opportunities, allowing for collaborative investment approaches.
Capricorn Investment Group has a diverse portfolio that includes notable companies in the climate and healthcare sectors. Key portfolio companies include:
Capricorn has historically backed industry leaders such as Tesla, SpaceX, Joby Aviation, QuantumScape, and Planet Labs. The firm has completed 14 exits, including a significant exit with Tesla, showcasing its successful investment strategy in high-growth sectors.
Jeff Skoll — Founder; previously the first employee at eBay, he established Capricorn as his family office in 2001.
Ion Yadigaroglu — Partner; joined in 2004; Co-Managing Partner of the Technology Impact Fund; serves on all investment committees and is a prominent voice on climate tech investing.
Dipender Saluja — Partner; Co-Managing Partner of the Technology Impact Fund, with extensive experience in impact investing.
Mark Berryman — Partner; joined in 2025; previously Managing Director at Caprock, bringing significant investment experience.
Michaela Edwards — Partner; focuses on investments and has a strong background in sustainable finance.
Jérôme de Bontin — Partner; specializes in client solutions and has a diverse background in investment management.
Nick Flores — Partner; involved in client advisory, contributing to the firm's strategic direction.
Founders interested in pitching to Capricorn Investment Group should submit their proposals through the firm's investor portal. It is essential to include a comprehensive pitch deck that outlines the business model, market analysis, and sustainability impact. Capricorn typically reviews submissions within a few weeks and prefers warm introductions from mutual connections.
Capricorn Investment Group operates the Sustainable Investors Fund (SIF), which focuses on investing in impact-oriented asset management firms. This fund aims to support innovative managers and facilitate the growth of sustainable investment strategies. The SIF has seen significant growth, with portfolio firms collectively increasing their assets under management by 6.8x to $21.2 billion by the end of 2024.
Capricorn also engages in various industry events and initiatives, including participation in the Climate 50 list, which recognizes impactful climate tech investors. Their involvement in these programs underscores their commitment to advancing sustainable investing practices.
In January 2025, Capricorn co-led a $100 million Series B investment in Harbinger Motors, a company focused on medium-duty electric vehicles. In October 2025, they led a $24 million investment in Erthos, a utility-scale solar company. Additionally, in February 2025, Capricorn made a strategic growth investment in Closed Loop Capital Management, supporting their asset management arm focused on the circular economy.
Capricorn has historically backed notable companies such as Tesla, SpaceX, Joby Aviation, QuantumScape, and Redwood Materials, achieving 14 exits to date, including a significant exit with Tesla. Their reputation as a leader in sustainable investing continues to grow, with increasing recognition in the climate tech sector.
What are Capricorn Investment Group's investment criteria?
Capricorn focuses on sustainable investments in sectors such as climate tech and healthcare. They seek companies that demonstrate a commitment to addressing environmental and social challenges while delivering strong financial returns.
How can founders pitch to Capricorn?
Founders can pitch their startups through Capricorn's investor portal. It is recommended to include a clear business model, sustainability impact, and financial projections in the pitch deck.
What makes Capricorn different from other investors?
Capricorn is recognized for its pioneering approach to integrating sustainability as a core investment driver, rather than a concessionary trade. Their focus on both financial returns and positive social impact sets them apart in the venture capital landscape.
What is the geographic scope of Capricorn's investments?
While Capricorn primarily invests in North America, they maintain a global portfolio, allowing them to support innovative companies worldwide.
What is Capricorn's post-investment involvement like?
Capricorn actively engages with portfolio companies, providing operational support, mentorship, and access to their extensive network. They often participate in board meetings and strategic planning sessions to help guide their investments.
What is the typical check size for investments?
Capricorn's check sizes typically range from $1 million to $100 million, depending on the fund and the specific investment opportunity.
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