What FH Capital does

FH Capital, operating under the legal entity Fortune Harmony Investments Limited, is a privately held, sector-focused private equity firm dedicated to the clean-energy and net-zero economy. The firm is led by Managing Partner and Chief Investment Officer Sanjeev Chaurasia, a 23-year renewable-energy veteran and former Credit Suisse Managing Director who led JinkoSolar's 2010 NYSE IPO. FH Capital operates through four interconnected investment practices — Credit Solutions, Infrastructure Financing, Growth Capital, and Venture Capital — supplemented by Pre-IPO and Growth Equity strategies, deploying a stated $300 million of "dry powder" into a portfolio that currently spans ES Foundry (solar cells, SC), Diamond Foundry (lab-grown diamond thermal substrates, CA), Delaware River Solar (community solar, NY), Northvolt (EV batteries, Sweden), and — pending closing — Jinko Solar (U.S.) Industries (2 GW solar modules and BESS, FL).\n\nEconomically, FH Capital generates returns through equity appreciation, majority-stake acquisitions (most notably the announced 75.1% purchase of Jinko Solar (U.S.) Industries), mezzanine and structured-credit yields (e.g., financing provided to hep global for U.S. solar operations), and capital gains realized at exit, refinancing, or dividend events. The firm has offices in New York (operational HQ), Sydney, and Hong Kong (registered correspondence), and is privately controlled by its CIO with no disclosed parent company or outside institutional shareholders. There is no public product API, software offering, or SaaS revenue stream; the firm's "product" is capital allocation combined with strategic-investor value-add across clean-energy supply chains.\n\nThe platform is currently in an offensive scaling phase: post-closing of the Jinko Solar (U.S.) transaction, FH Capital plans to at least double existing module capacity and initiate domestic battery energy storage systems (BESS) manufacturing, materially increasing the firm's operational footprint. With 1–10 employees and an undisclosed LP/fund structure, FH Capital's growth is propelled by individual deal-making capacity and CIO-relationship-driven sourcing rather than scaled institutional infrastructure.

Name

FH Capital

Legal name

Fortune Harmony Investments Limited

Website

https://fhcinv.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

FH Capital (Fortune Harmony Investments Limited) is a privately held, clean-energy-focused private equity firm deploying growth, credit, and infrastructure capital into solar manufacturing, EV batteries, community solar, and advanced-materials companies, led by Managing Partner & CIO Sanjeev Chaurasia from New York.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Private equity investment returns: FH Capital generates returns through equity appreciation across its portfolio of clean-energy companies (ES Foundry, Diamond Foundry, Delaware River Solar, Northvolt, Jinko Solar (U.S.) Industries) and via majority stake acquisitions such as the 75.1% purchase of Jinko Solar (U.S.) Industries Inc. The firm invests with $300 million of available dry powder. Revenue is realized upon exit events, dividends, or refinancing of portfolio assets.
2. Infrastructure and credit financing yields: FH Capital provides credit solutions and infrastructure financing to businesses in the net-zero economy, including mezzanine capital (e.g., provided to hep global for U.S. solar operations), growth capital, and venture capital. Returns are generated through interest income, mezzanine yields, and equity participation in financed projects.

Go-to-market motion1 record

Core offering

FH Capital is a private equity firm that invests in growth-oriented clean energy companies through four interconnected investment practices: Credit Solutions, Infrastructure Financing, Growth Capital, and Venture Capital. With $300 million of deployable capital, the firm targets businesses operating in the net-zero economy and complements these practices with Pre-IPO and Growth Equity strategies. Its portfolio includes ES Foundry, Diamond Foundry, Delaware River Solar, Northvolt, and (pending closing) a 75.1% majority stake in Jinko Solar (U.S.) Industries Inc.

Product overview

FH Capital is a private equity firm that operates a unified clean-energy investment platform rather than a packaged software product suite. Its core offering is a set of four interconnected investment practices — Credit Solutions, Infrastructure Financing, Growth Capital, and Venture Capital — directed at businesses in the net-zero economy, complemented by Pre IPO and Growth Equity strategies. These practices channel the firm's $300 million of "dry powder" into a purposeful portfolio of operating companies (ES Foundry, Diamond Foundry, Delaware River Solar, Northvolt, and Jinko Solar (U.S.) Industries Inc.), collectively forming an integrated U.S. clean-energy manufacturing and project platform under the leadership of Managing Partner & CIO Sanjeev Chaurasia.

Differentiator

Problem solved

Functional benefit

Products and services

• Credit Solutions Credit solutions offering for businesses operating in the net-zero economy, providing tailored credit instruments to support the development of net-zero economy enterprises.
• Infrastructure Financing Infrastructure financing to support development of the net-zero economy, delivered through a collaborative model with both incumbents and innovators in the energy industrial sector.
• Growth Capital Growth capital investment practice promoting collaboration between incumbents and innovators to help net-zero economy businesses scale and have a larger impact.
• Venture Capital Venture capital investment practice for businesses in the net-zero economy, fostering the scaling of businesses for substantial impact.
• Pre-IPO Investment Strategy Pre-IPO investment strategy helping companies navigate the path to public markets, leveraging FH Capital's sector expertise and financing capabilities to position companies for successful listings.
• Growth Equity Investing Growth equity investment approach focused on fueling sustainable growth by combining deep sector expertise with financial resources to support scaling clean energy companies.

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Clearway Energy: NYSE-listed clean-energy yieldco owning and operating utility-scale solar, wind, and storage assets across the U.S. Comparable as a U.S.-focused clean-energy investor and operator, though at much larger scale and as a public vehicle rather than private equity.
• Brookfield Renewable Partners: One of the world's largest renewable energy investors and operators, with multi-billion AUM across solar, wind, storage, and clean-energy infrastructure. Comparable to FH Capital as a clean-energy capital allocator, though at vastly greater scale and with operating asset exposure.
• Macquarie Asset Management (Green Investment Group): Macquarie's dedicated green investment arm, one of the largest dedicated green-infrastructure investors globally. Comparable to FH Capital in deploying capital into renewable energy and net-zero assets, though at materially larger scale.
• KKR Global Climate Strategy: KKR's dedicated climate-transition fund invests across renewable energy, electrification, and clean industrials. Comparable to FH Capital in deploying institutional capital into clean-energy platforms and growth-stage assets.

Direct peers

• Energy Impact Partners: A global investment platform partnering with utilities and corporates to fund the clean-energy transition across venture, growth, and credit. Comparable to FH Capital in being a sector-specialist with a multi-strategy (VC, growth, credit) approach to clean energy.
• Actis: Global private markets firm dedicated to sustainable infrastructure, with a long track record in renewable energy PE and growth equity across emerging and developed markets. Comparable to FH Capital in sector focus (energy transition) and growth-equity approach.
• Equilibrium Capital: Investment firm focused on sustainable infrastructure and decarbonization, deploying capital across climate solutions including clean energy. Comparable to FH Capital in being a thematic, sector-specialist capital provider with infrastructure and growth-style mandates.
• Generate Capital: Infrastructure finance and investment platform focused exclusively on the net-zero economy, deploying debt and equity into distributed solar, storage, and clean-energy projects. Highly comparable to FH Capital in target market (net-zero businesses) and credit-plus-equity investment model.
• TPG Rise Climate: TPG's dedicated climate-focused private equity strategy investing growth and venture capital into decarbonization businesses. Most directly comparable to FH Capital in mandate, stage (growth-to-control), and climate-only sector focus.

Emerging players

• Clean Energy Ventures: Early-stage venture capital firm backing breakthrough clean-energy technologies. Comparable to FH Capital's venture capital practice in the net-zero economy, though earlier in stage and without FH Capital's growth-equity/control capabilities.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FH Capital