Team
Built by operators, structurers and investors
NOAK is a first-time fund built by an experienced team. Our backgrounds combine venture investing in physical technologies, project and deployment finance, industrial execution and regulated fund operations. We have worked on both sides of the missing middle: scaling companies and financing the assets they deploy.
The team in numbers
9
Core team members
6
Locations across Europe
7
Working languages
20+ yrs
Experience across HardTech venture, deployment finance and structuring
Disciplines
Investment
Sourcing, diligence and portfolio work with HardTech companies at first commercial scale.
Deployment finance
Structuring project vehicles, offtake and risk allocation so proven technology becomes financeable.
Finance and operations
Fund finance, reporting, compliance and the operational discipline of a regulated platform.
Technology and impact
Technical underwriting, data infrastructure and SFDR-aligned impact measurement.
Presence
- Iberia
- France
- United Kingdom
- Benelux
- DACH
- Italy
US presence
The core team is based across Iberia, Italy, Benelux, the DACH region, France and the United Kingdom, with a working presence in the United States.
Proven technology becomes infrastructure one contract at a time.
Track record
Twenty years of putting physical assets to work
Before NOAK, members of the team structured and developed energy-transition and HardTech deployment programmes across Europe, Latin America and North Africa, working alongside multilateral and public institutions.
16
Countries with deployed programmes
€1.4bn
Channelled through advised programmes
€278M
Mobilised across completed programmes
66+ yrs
Combined deployment-finance experience
Sectors
- Energy efficiency
- Distributed renewables
- Industrial decarbonisation
- Building renovation
- Eco-mobility
Programmes delivered with the European Investment Bank, the World Bank Group, the European Commission and the Union for the Mediterranean.
Figures refer to activity of team members prior to NOAK and are shown on an aggregate basis. Past activity is not indicative of future results.
Value add
Hands-on from the first contract to the first refinancing
Leadership and operations
Coaching founders through the shift from product company to deployment company.
Customer and offtaker access
Industrial and utility relationships that convert pilots into contracted demand.
SPV structuring
Designing the project vehicle, the capital stack and the risk allocation.
Project-finance discipline
Bankability standards, warranties, insurance and performance guarantees that lenders can underwrite.
Co-investor syndication
Strategic, catalytic and institutional capital alongside ours.
Exit mapping
Buyer universe and refinancing paths considered at entry.
How we underwrite
Technology readiness is necessary. Infrastructure readiness is where we work.
We assess two things separately. Whether the technology works, and whether its deployment can be financed: reliable performance, industrial delivery, credible offtake, operational capability, risk allocation, insurability and replication. The second is where a company moves from proof to platform, and it is the work our team has done for two decades.
How we work
Focused
A concentrated portfolio, so every company gets hands-on attention.
Technical
Deep diligence led by people who have built and financed physical assets.
Institutional
A Luxembourg structure with an independent General Partner, an authorised external manager and ring-fenced compartments.
Partner pipeline
We are expanding the partnership with senior investment and capital-formation profiles across Europe.
Governance
The fund is externally managed by an authorised AIFM, with the General Partner responsible for origination and selection.
See how the structure worksJoin
We are always interested in hearing from experienced operators and investors in HardTech deployment.
Email: info@noakcapital.com