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Infrastructure

True Green Capital Management

True Green Capital Management invests in long-life infrastructure and essential assets, from Westport, Connecticut, United States. It states a focus on energy & utilities and environmental & safety.

Capital raised$853macross 9 SEC-filed vehicles
Most recent fund2024filing since 2014
HeadquartersWestport, Connecticut, United States
Stated fund size$2.2bn+

Stated investment criteria

What True Green Capital Management says it buys

Read from True Green Capital Management’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Founded20111
OfficesWestport, London2

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. True Green Capital Management states that it takes majority or outright ownership. Nothing here is a commitment by True Green Capital Management to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What True Green Capital Management has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed9
Total capital raised$853m
Largest single vehicle$297m
Filing history2014 to 2024
Smallest accepted commitment$10m
Filed fromCONNECTICUT

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How True Green Capital Management is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$876m
Employees34
Private funds advised7 · $876m gross
SEC adviser numberCRD 277052

Recorded transactions

Buying and selling

Deals in which True Green Capital Management is named as buyer or seller in the transaction archive. 1 recorded exit, most recently in 2022.

CompanySideCounterpartyYearConsideration
Construction Solar Assets - 220 MegawattsSoldAltus Power2022$293m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Energy & Utilities

What companies have actually sold for in energy & utilities, across 584 recorded transactions.

Median consideration$180m
Middle 50%$45m-$420m
Revenue multiple1.4×
EBITDA multiple7.1×

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Comparable investors

Similar mandates

Other infrastructure investors active in energy & utilities.