Capital Dynamics
Capital Dynamics is an independent global private asset manager managing $15bn+ across two strategies—Clean Energy Infrastructure and Mid-Market Private Equity—serving institutional investors including pension funds, sovereign wealth funds, and insurers via 14 global offices.
- Company typePrivate
- Founded1988
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Capital Dynamics does
Capital Dynamics is an independent global private asset manager founded in 1988 (as Westport Private Equity in Birmingham, UK) and headquartered in Zug, Switzerland. The firm operates two complementary investment strategies: Clean Energy Infrastructure, focused on direct equity investments in carbon-reducing renewable energy projects (primarily solar PV and onshore wind) from late-stage development through commercial operations across the UK, Spain, Italy, Germany, Ireland, and North America; and Mid-Market Private Equity, which offers primaries, secondaries, co-investments, and tailored solutions sourced through relationships with over 350 General Partners globally. As of December 31, 2025, the firm manages approximately $15 billion in assets under management and advisement, with 63 funds raised historically and 700+ currently invested funds.
The firm's platform is underpinned by the proprietary R-Eye™ Rating System, introduced in 2018, which applies 10-12 responsible investment criteria mapped to the 17 UN Sustainable Development Goals for both pre-investment evaluation and ongoing portfolio monitoring. Capital Dynamics has been a UN PRI signatory since 2008 and consistently earns top-tier ESG ratings, including PRI 5-star across all four assessment categories and GRESB 5-star (99/100) for its CEI VIII fund in 2025. The firm operates 14 offices across Europe, North America, and Asia with approximately 150 professionals (including ca. 50 dedicated investment professionals), enabling direct institutional sales coverage globally.
Capital Dynamics generates revenue primarily through management fees and performance fees on its managed funds, serving institutional investors including pension funds, insurance companies, endowments, sovereign wealth funds, and high-net-worth individuals. Recent strategic activity includes the £100 million Solo Renewables joint venture for a 150 MW long-duration energy storage project in Northern Ireland (April 2026), an up to €50 million investment from Axis/ICO into the Clean Energy platform (February 2026), and a series of UK solar PV portfolio acquisitions from BayWa r.e. totalling 184 MW across 2025-2026. The firm is led by CEO Martin Hahn, who has held the role since 2015.
Capital Dynamics firmographics
Firmographics- Name
- Capital Dynamics
- Legal name
- Capital Dynamics
- Website
- https://capdyn.com
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Capital Dynamics is an independent global private asset manager managing $15bn+ across two strategies—Clean Energy Infrastructure and Mid-Market Private Equity—serving institutional investors including pension funds, sovereign wealth funds, and insurers via 14 global offices.
- Ownership category
- akta.pro rank
Capital Dynamics industry classification
Industry- Product category
- Private Asset Management
- NAICS
- Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit) (FSAAABAI)
- akta.pro secondary industry
- Capital Planning, Portfolio & Lifecycle Asset Management (EAM/CMMS) (EUAEAMAL)
Keywords
Where Capital Dynamics is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices14 records
Markets served
Capital Dynamics business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Private Asset Management: Capital Dynamics generates revenue through managing approximately $15 billion+ in assets under management and advisement as of December 31, 2025. The firm earns management fees and performance fees from institutional investors who commit capital to its funds and strategies.
- Clean Energy Infrastructure: Direct equity investments in carbon-reducing renewable energy power generation projects from late-stage development to commercial operations. Provides stable, long-term returns through long-term Power Purchase Agreements, local relationships, and operational expertise in solar PV and onshore wind assets across Europe.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Capital Dynamics product offering
Product offeringCore offering
Capital Dynamics is an independent global private asset manager that invests on behalf of institutional investors in mid-market private equity and clean energy infrastructure. The firm manages approximately $15bn+ in assets under management and advisement, deploying capital across primaries, secondaries, co-investments, tailored solutions, and direct equity investments in renewable energy projects. It serves pension funds, insurance companies, endowments, sovereign wealth funds, and other institutional investors through dedicated investment strategies and separately managed accounts.
Product overview
Capital Dynamics operates as a private asset management firm offering two core investment strategies: Clean Energy Infrastructure and Mid-Market Private Equity. The Clean Energy Infrastructure strategy focuses on direct equity investments in renewable energy power generation projects across Europe and North America, while the Mid-Market Private Equity strategy provides primaries, secondaries, co-investments, and tailored solutions. The firm enhances its investment approach with the proprietary R-Eye™ Rating System, which evaluates investments against UN Sustainable Development Goals criteria. Additional services include Separately Managed Accounts, Research, and Portfolio & Risk Management capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Clean Energy Infrastructure Global clean energy investment strategy providing direct equity investments in carbon-reducing renewable energy power generation projects from late-stage development to commercial operations, focused on solar PV and onshore wind assets across the UK, Spain, Italy, Germany, and Ireland. Designed for institutional investors seeking stable long-term returns through Power Purchase Agreements and ESG-aligned exposure.
- Mid-Market Private Equity Mid-market corporate investing strategy offering a comprehensive range of solutions including Primaries, Secondaries, Co-Investments, and Tailored Solutions, leveraging relationships with over 350 fund managers globally to source mid-market private equity opportunities for institutional investors.
- Separately Managed Accounts (SMAs) Tailored investment solutions designed for specific investor requirements and goals, providing bespoke portfolio construction across Capital Dynamics' private equity and clean energy strategies.
- Clean Energy UK Fund A clean energy investment vehicle that finances construction of new renewable energy infrastructure in the UK, including onshore wind projects in Scotland with combined capacity of 193 MW expected to supply energy to 46,000 homes. Article 9 SFDR-compliant vehicle designed for institutional investors.
Quantifiable outcome
- 27,517,969.8 metric tons of greenhouse gas emissions avoided by Clean Energy assets
- +2 more outcomes
Companies that use Capital Dynamics
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
Capital Dynamics technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Capital Dynamics partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and ongoing.
- Solo RenewablescoreCapital Dynamics and Solo Renewables agreed a £100 million joint venture for a long duration energy storage (LDES) system in Islandmagee, Northern Ireland. The 150 MW project provides up to eight hours of storage capacity (1200 MWh), capable of powering up to 36,000 households per day. Planning approval was secured in February 2026. The project is among the first large-scale LDES storage sites in the Irish Single Electricity Market.
- Solo RenewablescoreCapital Dynamics and Solo Renewables partnered to develop a $132 million long-duration energy storage (LDES) system in Islandmagee, Northern Ireland. The project supports grid stability as renewable generation capacity continues to grow.
- BayWa r.e.ongoingBayWa r.e. sold a 63 MWp solar project in Hampshire, U.K. to Capital Dynamics. Construction is scheduled to begin in 2027 with commercial operation expected by 2028 under an AR7 Contracts for Difference offtake agreement. Capital Dynamics previously acquired a 121 MW solar portfolio from BayWa r.e. and Grune Energien in 2025.
- BayWa r.e.ongoingCapital Dynamics acquired a portfolio of two solar projects totaling at least 121 MW in the UK from BayWa r.e. and Grune Energien. Construction was scheduled for 2026 with commercial operations expected by 2027. This investment aims to enhance UK's energy security and support local economic development.
- Grune EnergienongoingBayWa r.e. sold two UK solar farms totaling 121 MW (Clump Farm ~77 MWp and Yanel Solar Farm ~44 MWp) to Capital Dynamics, developed in partnership with Grüne Energien Solar.
- SonnedixongoingSonnedix acquired a 194MW Italian solar PV portfolio from EOS Investment Management and Capital Dynamics, bringing the company's operational capacity in Italy to over 1GW. This was the second transaction between the two parties in recent months following Capital Dynamics' sale of a 226MW Italian solar portfolio to Sonnedix last September.
- EOS Investment ManagementongoingEOS Investment Management and Capital Dynamics completed the sale of a 194MW Italian solar power plant portfolio in Lazio, consisting of six plants (five operational and one being connected to the grid) to Sonnedix.
- PexaparkongoingCapital Dynamics signed a 300 MW solar PPA with an undisclosed corporate buyer in Italy through Pexapark. This was the largest transaction in Pexapark's January report of 12 European PPAs for 724 MW total.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Capital Dynamics competitors and assessment
Company assessmentDirect peers
- Ardian: Ardian is a global private investment house with major franchises in secondaries, co-investments, private debt, and infrastructure. It is a direct peer to Capital Dynamics given its broad private markets mandate, strong European institutional LP franchise, and significant infrastructure/clean energy investing capability.
- StepStone Group: StepStone is a global private markets investment firm focused on private equity, infrastructure, and private credit through primaries, secondaries, and co-investments. It is a direct peer given its comparable mid-market private markets strategy, GP relationship database, and tailored solutions for institutional LPs.
- NextEnergy Capital: NextEnergy Capital is a specialist clean energy investment manager focused on solar and other renewable infrastructure across Europe and emerging markets. It is a direct peer to Capital Dynamics' Clean Energy Infrastructure strategy given parallel utility-scale solar focus and institutional LP structure.
- Lexington Partners: Lexington is one of the world's largest and longest-tenured secondary private equity and co-investment managers. It is a direct peer to Capital Dynamics given its parallel focus on PE secondaries and co-investments for institutional LPs.
- Partners Group: Partners Group is a global private markets firm investing in private equity, private debt, infrastructure, and real estate across primaries, secondaries, and direct investments. It is a direct peer given its broad multi-strategy private markets mandate and institutional client focus.
- Foresight Group: Foresight Group is a UK-listed asset manager and private equity/venture investor with strong renewable energy infrastructure franchises (solar, wind, BESS) in the UK and Europe. It is a direct peer to Capital Dynamics' Clean Energy Infrastructure strategy given overlapping geographies, technologies, and institutional LP base.
- Coller Capital: Coller Capital is one of the largest dedicated secondary private equity managers globally. It is a direct peer to Capital Dynamics given its parallel LP-led secondary strategy and institutional LP relationships across pensions and sovereign wealth funds.
- Pantheon Ventures: Pantheon is a leading global private markets investor offering primaries, secondaries, and co-investments across private equity, infrastructure, and private credit. It is one of the closest direct peers to Capital Dynamics' mid-market PE strategy given overlapping LP base, multi-strategy private markets mandate, and long-running fund-of-funds heritage.
- HarbourVest Partners: HarbourVest is a global private markets manager focused on primaries, secondaries, and co-investments across private equity, infrastructure, and credit. It is a direct peer given its parallel mid-market fund-of-funds model, institutional LP base, and three-decade track record analogous to Capital Dynamics.
Broad incumbents
- Brookfield Asset Management: Brookfield is one of the world's largest alternative asset managers with deep franchises in infrastructure (including renewables), private equity, real estate, and credit. It is a broad incumbent peer — much larger and more diversified than Capital Dynamics — but competes for many of the same institutional mandates, particularly in European clean energy infrastructure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Capital Dynamics social profiles
Digital presenceCapital Dynamics financial estimates
Financial estimateRevenue estimate
Valuation estimate
Capital Dynamics leadership team
Management profileNumber of profiles
Profiles8 records
Capital Dynamics funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Capital Dynamics M&A and investment
M&A and investmentM&A2 records
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Capital Dynamics
What does Capital Dynamics do?
Capital Dynamics is an independent global private asset manager that invests on behalf of institutional investors in mid-market private equity and clean energy infrastructure. The firm manages approximately $15bn+ in assets under management and advisement, deploying capital across primaries, secondaries, co-investments, tailored solutions, and direct equity investments in renewable energy projects. It serves pension funds, insurance companies, endowments, sovereign wealth funds, and other institutional investors through dedicated investment strategies and separately managed accounts.
Is Capital Dynamics a public or private company?
Capital Dynamics is a private company. It is classified as unknown and is currently operating.
When was Capital Dynamics founded?
Capital Dynamics was founded in 1988. It employs 101 to 250 people.
Where is Capital Dynamics based?
Capital Dynamics is headquartered in London, United Kingdom, in the Europe region.
How does Capital Dynamics make money?
Two revenue lines are on record. Private Asset Management is the primary driver. The others are clean Energy Infrastructure.
Who are Capital Dynamics's main competitors?
Direct peers on record are Ardian, StepStone Group, NextEnergy Capital, Lexington Partners, Partners Group, Foresight Group, Coller Capital, Pantheon Ventures and HarbourVest Partners. Brookfield Asset Management is listed as a broad incumbent.
Does Capital Dynamics have an API?
No public API is recorded for Capital Dynamics.
What industry is Capital Dynamics in?
Capital Dynamics's product category is Private Asset Management. Its primary akta.pro industry code is FSAAABAI, Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit), with a secondary code of EUAEAMAL, Capital Planning, Portfolio & Lifecycle Asset Management (EAM/CMMS). Its NAICS code is 52394 and its SIC code is 6282.