Skip to main content

Year Founded: 1988

AUM: $14.00B | Dry Powder: $2.12B

Bahnhofstrasse 22, 6301 Zug, Switzerland
Capital Dynamics is an independent global asset management firm focusing on private assets, including private equity, private credit, and clean energy infrastructure. It offers a diversified range of tailored offerings and customized solutions for a broad, global client base

Key Contacts

  • Martin Hahn
    CEO, Senior Managing Director and Head of Business Development
  • Kirsty Usher
    Senior Vice President & CFO, Clean Energy Infrastructure
  • Hina Ahmad JD
    COO, Managing Director & Member of the Executive Committee8

Investment Preferences

  • Preferred Industries
    Commercial Services, Energy Equipment, Energy Services, Exploration, Production and Refining, Healthcare Services, Metals, Other Energy, Other Financial Services, Utilities etc.
  • Geographical Preference
    Asia, Europe, US
  • Preferred Deal Types
    Acquisition Financing, Buyout/LBO, Debt – General, Loan, Mezzanine, PE Growth/Expansion, Second Lien
  • Other Investment Preferences
    • Prefers majority stake
    • Seeks ESG investments
    • Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

CD Clean Energy Infrastructure Fund IX
Vintage: 2022

Size: $511.3M

Dry Powder: $488.9N

Details: The fund focuses on renewable energy, climate-tech, ESG investments and impact investment in energy and climate

Clean Energy Infrastructure Fund X
Vintage: 2021

Size: N/A

Dry Powder: N/A

Details: Fund is focused on cleantech and infrastructure projects in renewable energy

CD CEI VIII
Vintage: 2019

Size: $149.4M

Dry Powder: $71.42M

Details: Fund is focused on the onshore wind and solar sector in the UK and Europe

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In May 2022, Capital Dynamics acquired 18MW Italian Solar Project from Solar Ventures for an undisclosed amount. The Project will be supported by a long-term power purchase agreement and once operational, is estimated to be able to generate c.37GWh of electricity a year

In April 2022, Capital Dynamics acquired Pines Burn Wind Project from Energiekontor AG. Pines Burn is a 34MW shovel-ready, subsidy-free onshore wind project located in the Scottish Borders, Scotland and is expected to reach commercial operations in the second half of 2023

In November 2021, Capital Dynamics and EOS Investment Management Group acquired The energy project of Basic, through a EUR3.11 million LBO

In November 2021, Capital Dynamics and EOS Investment Management Group acquired the asset ECG Latina – Project Pontinia Salceto (7.3MW Solar Plant) through an EUR1.67 Million LBO 

In April 2021, Capital Dynamics acquired 13MW onshore wind power plant in North Ayrshire, UK from Energiekontor. The project is expected to achieve commercial operations in the second half of 2022

In April 2021, Capital Dynamics, along with S&B USA acquired 100MW operational battery storage project based in California from Strata Clean Energy. As a result of the transaction, Capital Dynamics will own a 51% stake and S&B USA a 49% stake in the asset

In December 2020, Capital Dynamics’ Clean Energy Infrastructure (CEI) business completed the acquisition of the remaining 69.98% interest in Arlington Valley Solar Energy II (“AVSE II”), a 175MW solar PV project, from funds managed by affiliates of Apollo Global Management, Inc. for an undisclosed amount. CEI had acquired a 30.02% interest in AVSE II as part of the acquisition of three solar PV projects from LS Power in November 2020. Following the acquisition from the Apollo Funds, Capital Dynamics has assumed 100% interest in the AVSE II solar PV project

In November 2020, Capital Dynamics acquired three solar farms totaling 316MW in the US from LS Power for an undisclosed price. Under the terms of the deal, the company took 100% interests in the 252MW Centinela project in California, and 11MW Dover Sun Park in Delaware, as well as a 30% stake in the 175MW Arlington Valley 2 facility in Maricopa County, Arizona. The projects achieved commercial operations between 2011 and 2014 and are fully contracted under long-term PPA

In May 2020, Capital Dynamics announced that its Clean Energy Infrastructure (CEI) business completed the acquisition of a 100% equity stake in the 133MW Puerto Real 1 project in Spain from renewable energy developer WElink Group for an undisclosed amount. Puerto Real 1 is slated to start commercial operation in the first quarter of 2021 and has a long-term power offtake agreement

Other Details

Capital Dynamics, Inc. serves a global client base that includes institutional investors, high-net-worth individuals and financial advisors. The Company employs 160 staff with over 60 dedicated investment professionals. Capital Dynamics serves clients worldwide through 14 office located in major financial centers around the world. The firm oversees c.$14 billion in assets under management

Capital Dynamics Clean Energy Infrastructure Fund IX is an infrastructure core fund managed by Capital Dynamics. The fund is based in Zug, Switzerland. The fund focuses on renewable energy, climate-tech, ESG investments and impact investment in energy and climate. The fund’s target size is $294.7 million

Aberdeen Asset Management, Alpha Group, Amadeus Capital Partners, Ares Capital, Arx Equity Partners, BASF Venture Capital, Bellco, BlackRock, BNP Paribas Wealth Management, British Columbia Investment Management, Caledonia Investments, GoldPoint Partners, Hermes GPE are some of the institutional investors in Capital Dynamics’ funds

Source: Company Website, Sunwindenergy, SparkSpread, Renews.biz, Power-technology, Renewablesnow