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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, and serves a diverse client base that includes families, foundations, and institutional investors. Capricorn focuses on delivering enhanced risk-adjusted returns through sustainable investing, addressing both environmental and social challenges while building wealth for its clients.
As of 2025, Capricorn manages assets estimated between $9 billion and $12 billion across various strategies. The firm has established itself as a leader in sustainable investment, with a notable history of backing companies that align with its mission. Capricorn has been recognized for its pioneering role in integrating sustainability as a core investment driver, rather than a concessionary trade.
Capricorn operates multiple funds, including the Sustainable Investors Fund and the Technology Impact Fund, which focus on sectors such as climate tech and healthcare. The firm has achieved significant milestones, including 14 exits to date, with notable companies like Tesla and SpaceX among its historical investments.
Capricorn Investment Group specializes in Outsourced Chief Investment Officer (OCIO) services and asset management, with a strong emphasis on sustainable investing. The firm manages two primary funds: the Sustainable Investors Fund (SIF) and the Technology Impact Fund (TIF). The SIF targets minority interests in impact-oriented asset management firms, while the TIF focuses on deep tech, climate, and aerospace sectors.
Investment strategies are aligned with key themes such as climate change mitigation, healthcare, economic opportunity, and responsible stewardship. Capricorn typically invests in companies that demonstrate a commitment to sustainability and innovation. The firm seeks to support founders who prioritize environmental and social impact alongside financial returns. Check sizes vary depending on the fund and investment stage, with a focus on both early-stage and growth-stage companies.
Capricorn Investment Group has a diverse portfolio that includes notable companies in the climate and healthcare sectors. Key portfolio companies include:
Capricorn's Technology Impact Fund has historically backed significant players in the climate tech space, including Tesla, SpaceX, Joby Aviation, QuantumScape, and Planet Labs. The Sustainable Investors Fund has also seen portfolio firms collectively grow their AUM 6.8x to $21.2 billion by the end of 2024.
Jeff Skoll: Founder; previously the first employee at eBay, he established Capricorn as his family office in 2001.
Ion Yadigaroglu: Partner; joined in 2004 and serves as Co-Managing Partner of the Technology Impact Fund. He is a prominent voice on climate tech investing and a contributor to the World Economic Forum.
Dipender Saluja: Partner; also Co-Managing Partner of the Technology Impact Fund, he has extensive experience in impact investing.
Mark Berryman: Partner; joined in 2025, previously Managing Director at Caprock, he brings a wealth of 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, he has a strong focus on sustainable investment strategies.
Founders interested in pitching to Capricorn Investment Group should submit their proposals through the firm's contact page or investor portal. A comprehensive pitch deck is essential, including details on the business model, market opportunity, sustainability impact, and financial projections.
Capricorn prefers warm introductions from trusted sources but is open to direct submissions. Response times can vary, but founders should expect to hear back within a few weeks.
Capricorn Investment Group operates the Sustainable Investors Fund (SIF), which focuses on investing in impact-oriented asset management firms. The fund aims to support innovative managers and facilitate the growth of sustainable investment strategies.
Eligibility for the SIF includes asset management firms that integrate sustainability as a core investment driver. Interested parties can apply through Capricorn's investor portal.
In January 2025, Capricorn co-led a $100 million Series B investment in Harbinger Motors, a company focused on medium-duty electric vehicles. This investment aligns with Capricorn's commitment to sustainable transportation solutions.
In October 2025, Capricorn led a $24 million investment in Erthos, a utility-scale solar company, further expanding its portfolio in renewable energy.
In February 2025, Capricorn made a strategic growth investment in Closed Loop Capital Management, supporting the asset management arm of Closed Loop Partners, which focuses on the circular economy.
Capricorn has historically backed notable companies such as Tesla, SpaceX, Joby Aviation, and QuantumScape, contributing to 14 successful exits, including Tesla.
What are Capricorn Investment Group's investment criteria?
Capricorn focuses on sustainable investments that address environmental and social challenges. They seek companies that demonstrate a commitment to sustainability and innovation, particularly in the climate and healthcare sectors.
How can founders apply or pitch to Capricorn?
Founders can reach out through Capricorn's contact page or investor portal. A well-prepared pitch deck that outlines the business model, sustainability impact, and financial projections is essential.
What makes Capricorn Investment Group different from other investors?
Capricorn is recognized for its pioneering role in integrating sustainability as a core investment driver. The firm has a strong track record of backing climate tech companies and has established itself as a leader in sustainable investing.
What is Capricorn's geographic scope for investments?
Capricorn primarily focuses on North America but maintains a global portfolio. They invest in companies that align with their sustainability goals, regardless of location.
What is Capricorn's post-investment involvement like?
Capricorn actively engages with its portfolio companies, providing operational support and strategic guidance. They often take board seats and work closely with founders to drive growth and impact.
What is the typical fund size and check size for investments?
Capricorn manages approximately $9 billion to $12 billion across its strategies. Check sizes vary depending on the fund and investment stage, with a focus on both early-stage and growth-stage companies.
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