# Azolla Management

Azolla Management is an Asset Manager based in Cambridge, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Cambridge, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** azollamanagement.com

## Regulatory record

- **CRD number:** 318033
- **SEC file number:** 802-123096
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/318033

## About

AZOLLA MANAGEMENT COMPANY, LP is an exempt reporting adviser in CAMBRIDGE, MA. It is based there.

## Sectors

- Energy Transition & Renewables

## People

- John M. Angelo — Co-Founder

## Questions

### What does Azolla Management invest in?

Azolla focuses exclusively on the renewable natural gas (RNG) supply chain. The firm takes equity positions in companies that capture methane emissions from landfills, dairy farms, and wastewater treatment plants, then upgrade and distribute the gas as pipeline-grade fuel. This includes anaerobic digesters, gas upgrading equipment, and project development platforms.

### Who runs Azolla Management?

John M. Angelo co-founded Azolla in 2019 and leads the firm. His background includes energy finance roles at Macquarie Group and Sempra Energy, where he worked on RNG project development and infrastructure financing. The firm has not publicly listed other investment professionals.

### Where does Azolla Management invest geographically?

The firm concentrates on RNG assets and companies in the United States and Canada. Key regions include California's Central Valley, Wisconsin, and major dairy and landfill corridors where methane feedstock supply is dense.

### How does Azolla Management's strategy differ from other energy-transition funds?

Azolla is a pure-play RNG investor. Most energy-transition funds include RNG as one allocation within a broad renewables mandate. Azolla only invests in the methane-capture value chain, making it a thematic consolidator rather than a diversified generalist. This narrow scope means its portfolio companies compete on feedstock access and regulatory credit generation rather than technology alone.

### Does Azolla Management disclose its assets under management?

No. Azolla has not publicly disclosed its AUM or total capital deployed since its founding in 2019.

### What regulatory programs are relevant to Azolla's investments?

Azolla's portfolio companies generate revenue through environmental credit markets, specifically California's Low Carbon Fuel Standard and the federal Renewable Fuel Standard. These programs create tradable credits for low-carbon fuel production and are a core underwriting component for the firm's investments.

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- [Calpa Advisors](https://altss.com/profile/calpa-advisors-llc)
- [INVERSIONES SURA](https://altss.com/profile/inversiones-sura)

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Last updated: 2026-08-14T12:30:00.000Z

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