We intend to target opportunities and companies that focus on environmentally sound infrastructure, industrial applications and disruptive technologies that eliminate or mitigate GHG emissions and/or enhance resilience to climate change, a thematic that we refer to as “Mitigation and Adaptation.” Rapidly growing societal and political focus on these critical issues has driven considerable corporate, institutional and governmental initiatives, underpinning expected capital allocation to the sector of $2.4 trillion to $4.5 trillion per year, as estimated by the Intergovernmental Panel on Climate Change (“IPCC”) and the International Renewable Energy Agency (“IRENA”), which we believe sets the stage for significant opportunities for Peridot. There is a large universe of private companies that have established themselves as market leaders in Mitigation and Adaptation initiatives that will benefit greatly from access to public markets and a partnership with a platform such as ours. (Incorporated in the Cayman Islands)

Our sponsor is an affiliate of Carnelian, a private equity firm with extensive investment experience and a successful track record of identifying high-quality assets, businesses and management teams and of creating value within the broader energy space. 

Preston Powell, our CEO and one of our directors, is a managing director of Carnelian. Before joining Carnelian, Mr. Powell was an energy investor at Denham Capital Management and KKR & Co.