Private Equity 

Fund strategy


Our €200 million private equity fund targets growing operating companies, providing capital, support and knowledge to ambitious management teams.



We focus solely on operating companies in the energy efficiency, resource efficiency and renewable energy sectors, exploiting the commercial opportunities brought about by a large scale transition to a low carbon, global economy. Our investment thesis is underpinned by a product or service providing a real solution or cost advantage, either in a growing niche segment of the market or with the potential to disrupt a large, established market deployed by best-in-class management teams. 



Area of Interest




While we take a flexible approach to structuring our capital, our investments usually fit within the following parameters:

  • Company Size: €5-50 million Revenues, EBITDA positive or if loss-making, with a clear path to profitability in the short term
  • Geography: European focus with a global mandate
  • Investment Type: Growth capital (Not seed or early stage venture capital).
  • Example Situations:
    - Funding working capital
    - Providing capital to companies to fund add-on acquisitions
    - Buyout of passive investors
    - Succession planning
    - Buy-outs
    - Capital restructuring




  • Size: Equity ticket of €5m - €20m per deal. Significantly larger transactions possible with "GC friends and family" co-investors
  • Investment horizon: of 4-7 years
  • Ownership Structure: Majority or meaningful minority, including board representation
  • Our Role: Pro-active long term investor supporting companies as sparring partner for management 




Novusmodus has become Greencoat Capital 

Novusmodus LLP has changed its name to Greencoat Capital LLP [our website is now at].

We remain exclusive investment adviser to the ESB Novusmodus fund, but as our activities widen, a change of name seems a sensible step.

We hope that you enjoy our new website and look forward to speaking to you soon.