Galvanize Climate Solutions

Katie Hall is chief executive and co-chair. She founded Hall Capital Partners and brings the institutional allocator relationships behind the firm's fundraising. Tom Steyer, co-founder and co-chair, made his money in hedge funds and ran for president in 2020 before turning to climate investing full time. Former Secretary of State John Kerry joined as co-chair, adding policy weight to a platform whose returns depend heavily on regulatory direction.

The venture and growth business is co-headed by Cliff Ryan, Saloni Multani, and Veery Maxwell. Ryan was previously a managing director at Riverstone Holdings, an executive in residence at Energy Impact Partners, and co-founder of Standard Asset Management. Multani was chief financial officer of Joe Biden's presidential campaign and began in private equity at Blackstone and Hellman & Friedman before moving to climate work with Three Cairns Group and Congruent Ventures. Chris Creed is managing partner for credit and capital solutions; Joseph Sumberg heads real estate.

Galvanize Climate Solutions was launched in 2021 by Tom Steyer, the hedge fund investor and former presidential candidate, and Katie Hall, who founded Hall Capital Partners, as a multi-strategy asset manager rather than a single-strategy venture firm.

Its first venture and growth equity vehicle, the Innovation + Expansion Fund, held a final close in September 2023 at more than $1 billion, among the largest dedicated climate venture funds raised to that point. At close the fund had already deployed into 11 companies across electricity, transport, industry, buildings, agriculture, and carbon removal, writing both early and growth checks into companies that need capital to reach commercial scale. The firm runs three further strategies alongside venture and growth: a credit and capital solutions business, a real estate platform, and a global public equities strategy, and describes the combined mandate as investing at the intersection of energy innovation, resilience, and intelligence.