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Adviser Profile

As of Date 05/02/2024
Adviser Type - Large advisory firm
Number of Employees 58 11.54%
of those in investment advisory functions 31 -3.12%
Registration SEC, Approved, 11/26/2021
AUM* 1,179,791,049 27.45%
of that, discretionary 1,179,791,049 27.45%
Private Fund GAV* 1,181,403,851 27.62%
Avg Account Size 147,473,881 -20.35%
SMA’s No
Private Funds 6 3
Contact Info 415 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
926M 793M 661M 529M 397M 264M 132M
2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$57,373,943
Fund TypePrivate Equity Fund Count1 GAV$980,894,116
Fund TypeReal Estate Fund Count1 GAV$116,000,000
Fund TypeVenture Capital Fund Count3 GAV$27,135,792

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Brochure Summary

Overview

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.