Decarbonization Partners

Global Head and Chief Investment Officer Meghan Sharp leads the investment team. She transitioned into the role in 2023 after leading BlackRock's renewable-power investment platform. The firm maintains its own independent investment committee, separate from both BlackRock and Temasek, though it draws on talent seconded from both organizations.

The firm leverages BlackRock's private markets desks across North America, Europe, and Asia, where portfolio-company relationships and sector analysts surface scaled decarbonization opportunities. Temasek's direct-investment team in Singapore and its portfolio of industrial companies in Asia provide complementary proprietary origination. The firm has also publicly indicated it builds direct relationships with university and government-lab spinouts reaching commercial-stage readiness.

Structurally it is a private equity manager targeting late-stage venture and early-growth investments. The distinction matters: the firm writes larger checks — typically $100 million to $500 million per deal — aimed at companies that have de-risked their technology but need capital to build manufacturing capacity or enter new markets. This sits above typical venture capital range and below infrastructure-scale project finance.

Carbon capture, utilization, and storage is an explicit part of the mandate. The confirmed investment in Monolith, which produces clean hydrogen and solid carbon black from natural gas via methane pyrolysis, demonstrates the firm's willingness to back heavy-industrial pathways that avoid CO2 emissions in production rather than merely capturing them. Clean fuels and circular-economy materials are also targeted subsectors.

It operates as a standalone manager with its own fund, team, and investment committee. BlackRock acts as joint sponsor alongside Temasek and provides operational infrastructure, analytics, and sourcing support, but Decarbonization Partners is not a division of BlackRock. The firm's investment decisions are independent, and its returns are not commingled with BlackRock's own ESG or sustainable funds.

Growth equity and late-stage venture. The firm focuses on companies that have proven technology, initial commercial revenue, and a clear path to profitability, rather than early-stage R&D. The stated rationale is to bridge the gap between venture-funded innovation and project-financed scale deployment, where the largest capital shortfall exists for decarbonization technologies.

Yes. The firm has indicated willingness to lead or participate in syndicated rounds with other climate-focused growth investors and generalist private equity firms. Its investment in Monolith, for example, was part of a broader growth equity round alongside other institutional investors. The firm selectively partners with other managers where co-investment expands sector expertise or geographic access.