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In brief: DC-based Lisa Schule joins Generate to invest $2bn capital pool

Jigar Shah, co-founder of the sustainable infrastructure firm, joined the US Department of Energy’s Loan Programs Office last year.

Generate Capital has tapped the private markets investing talent pool in Washington, DC with the hire of Lisa Schule.

Schule joins as a managing director for corporate equity at Generate Capital, a private markets sustainable infrastructure specialist. She previously spent 17 years at the DC-based Global Environment Fund, a legacy firm in the clean energy and efficiency space that launched in 1990.

Schule’s hire comes around one year after Generate co-founder Jigar Shah left to serve as director of the US Department of Energy’s Loan Programs Office.

Generate, which converted to a public-benefit corporation in November, is investing a $2 billion pool of capital the firm raised last July. Investors including the Australian GP QIC and pension fund AustralianSuper, as well as Sweden’s Andra AP-fonden and the UK’s Railways Pension Scheme committed to the capital raise.

The firm has positioned itself as an “infrastructure-as-a-service” provider, investing in sustainable infrastructure sectors including transportation, renewable power, resource efficiency, smart cities and the circular economy. Generate deploys balance sheet capital raised from investors that have purchased stakes in the firm itself, rather than from traditional private markets funds.