A. INTRODUCTION
Galvanize Climate Solutions LLC (“Galvanize Climate Solutions”), a Delaware limited
liability company, is an investment advisory firm registered with the Securities and Exchange
Commission (“SEC”) founded in 2021. Galvanize Climate Solutions is a mission driven
investment platform that provides capital and expertise to accelerate critical climate solutions.
Galvanize Climate Solutions believes in the opportunity to earn compelling returns while
achieving decarbonization targets. Galvanize Climate Solutions aims to bring targeted capital
to enable climate solutions to occur faster and at greater scale than would otherwise take
place.
Galvanize Climate Solutions is a privately owned registered investment adviser based in San
Francisco and with a presence in New York City and London, United Kingdom. Kathryn A.
Hall and Thomas F. Steyer are the Co-Founders and Co-Executive Chairs of the Board of
Directors of Galvanize Climate Solutions. As of the date of this Brochure, Ms. Hall and Mr.
Steyer are the control persons of Galvanize Climate Solutions and Mr. Steyer is the principal
owner.
Ponderosa Services Limited (“Ponderosa”) and Galvanize Climate Solutions UK, LLP
(“Galvanize UK”) are each a United Kingdom-based subsidiary of Galvanize Climate
Solutions, and with Galvanize Innovation & Expansion Manager, LP (“Galvanize I&E
Manager”), Galvanize Ponderosa Manager, LP (“Ponderosa Manager”) and Galvanize Real
Estate Manager, LP (“Real Estate Manager”), each a Delaware limited partnership, are
“relying advisers” of Galvanize Climate Solutions and rely on Galvanize Climate Solutions
to file a single Form ADV registration with the SEC. In this Brochure, Galvanize UK,
Ponderosa, Galvanize I&E Manager, Ponderosa Manager, Real Estate Manager and
Galvanize are collectively known as “Galvanize” or the “Firm.”
As of December 31, 2023, Galvanize has $1,179,800,000 in discretionary assets under
management. Galvanize provides investment management services on a discretionary basis
to the Funds (as described below).
B. INVESTMENT SERVICES
Galvanize provides investment advisory services to Galvanize-sponsored pooled investment
vehicles (each, a “Fund”). The investment advisory services provided to each Fund is based
on the investment objectives and restrictions set out in the Fund’s offering and governing
documents. Each Fund is a U.S. or non-U.S. limited partnership, limited liability company or
other vehicle that is not registered as an investment company under the Investment Company
Act of 1940, as amended (the “Investment Company Act”). The securities of a Fund are not
registered under the Securities Act of 1933, as amended (the “Securities Act”), and are
privately placed to qualified investors in the United States and elsewhere.
Galvanize’s private investment
Funds seek to invest in private equity, seed, venture capital
and expansion strategies and in other portfolio companies across a range of sectors, including
but not limited to, mobility and transportation, power and storage, built environment, food and
agriculture and heavy industry/manufacturing (collectively, “Private Investment Funds” or
“GPI Funds”). For GPI Funds, Galvanize will evaluate portfolio companies’ climate impacts
and potential for decarbonization. Each GPI Fund is expected to have a longer duration than
a typical private equity or venture capital fund, reflecting the time and effort to build
companies and new solutions to reinvent and reshape targeted sectors.
Galvanize also manages Funds that seek to drive returns by investing in publicly traded
equities of portfolio companies across global equity markets that Galvanize believes will
either directly benefit from their participation in the energy transition contemplated under the
Paris Agreement, or whose activities Galvanize believes will contribute to delivering the
abatement required to meet the Paris Agreement targets (“Global Equities Funds” or “GGE
Funds”).
In addition to the GPI Funds and GGE Funds, Galvanize also manages Funds that seek to
implement a sustainable real estate strategy which predominantly aims to invest in and
decarbonize real estate (“Real Estate Funds” or “GRE Funds”). GRE Funds aim to acquire
well located real estate and execute on value-add business plans and sustainability programs
to create additional value and drive attractive risk-adjusted returns. GRE Funds seek to invest
in a diversified portfolio of real estate, real estate-related assets and real estate operating
companies in the United States.
While this Brochure contains information related to the GGE Funds and the GRE Funds, some
of the general descriptions applicable to the Funds in this Brochure are not applicable to the
GGE Funds and the GRE Funds. The investment strategies, risks and types of securities
invested in by the Global Equities Funds and the Real Estate Funds, as well as the fees,
performance compensation and expenses incurred by the Global Equities Funds and the Real
Estate Funds, vary substantially from those of the GPI Funds described herein.
Galvanize intends to organize future Funds that may follow investment strategies that seek to
invest in infrastructure, financing, credit, carbon trading, and focused sectors or geographic
areas.
Galvanize offers a platform of services to GPI Funds’ portfolio companies to scale the climate
and financial impact of the Firm’s investments. Galvanize has a team of experts in science,
measurement, corporate development, public relations/communications and human resources
to accelerate the commercialization of carbon solutions.
Galvanize does not participate in wrap fee programs.