§ The Fund — Climate Venture × Project Finance

A venture model,
engineered like project finance.

101 Capital Partners applies venture discipline to project finance: we back high-growth transition platforms early, then industrialize their deployments through bankable structures that institutions can underwrite.

01The VC Model

Back platforms, not just projects

We invest like a venture fund: early, concentrated, and aligned with founders scaling transition platforms in emerging markets. Returns come from platform growth — not from diluting the operators who build it.

  • Early positions in high-growth transition platforms
  • Portfolio construction across technologies and geographies
  • Follow-on capital tied to deployment milestones
  • Zero equity dilution for platform operators at the asset level
02SPV Architecture

Every deployment ring-fenced and bankable

Each deployment is housed in a dedicated special-purpose vehicle with its own capital stack, contracts, and cash-flow waterfall. Risk is contained, collateral is clear, and each SPV is underwritable on its own merits.

  • Ring-fenced SPVs per deployment
  • Blended equity and debt capital stacks
  • Transparent revenue waterfalls for investors
  • Institutional-grade governance and reporting
03Credit-Wrapped PPAs

Revenue you can underwrite

We wrap power purchase agreements with credit enhancement so platform revenues carry the credit profile of AA-rated counterparties. That turns emerging-market deployments into infrastructure-grade, financeable assets.

  • PPAs credit-enhanced to investment grade
  • Revenue risk transferred to rated counterparties
  • 24/7 hyperscaler clean power demand as anchor offtake
  • Deployments that scale without dilutive growth equity

Venture returns. Infrastructure discipline.

This is how we scale the energy transition: capital formation at venture speed, with the rigor of project finance.

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