In brief: Capricorn takes stake in rising star of transition investing

Investment will be used to grow the firm's 'infrastructure, capital base, human capital and overall resources', according to a statement.

Capricorn Investment Group, an impact-focused investment platform founded by entreprenuer Jeff Skol, has taken a stake in SER Capital Partners, a mid-market private equity firm that invests in businesses related to the energy transition, according to an announcement.

SER was founded in 2018 by former Energy Capital Partners partner Rahul Advani, who leads the business with Sara Graziano and Rhem Wooten, two former executives from the energy industry. It closed a $475 million debut fund in September 2022 and has made five investments in companies across the clean energy value chain.

Capricorn, among other impact-related investment strategies, takes stakes in emerging impact firms through its Sustainable Investors Fund. “Capricorn SIF’s investment will provide growth capital to enhance SER’s infrastructure, capital base, human capital and overall resources as SER continues to execute on behalf of its limited partners,” the announcement stated. The strategy is led by William Orum, one of New Private Markets50 Influencers in sustainable private markets.