# Encourage Capital

Encourage Capital is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 287 Park Avenue South, Suite 424, New York, NY 10010, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.encouragecapital.com
- **LinkedIn:** https://www.linkedin.com/company/encourage-capital

## Regulatory record

- **CRD number:** 315982
- **SEC file number:** 802-122209
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/315982

## About

Encourage Capital is an investment firm focused on clean energy finance, financial inclusion, and water-related investment strategies. The firm pursues new business and innovation across several investment sectors. Its senior leadership includes partners with backgrounds in environmental markets and international development finance.

## Sectors

- Financial Inclusion
- Energy Transition & Renewables
- Water
- Sustainable Infrastructure
- AgriTech & FoodTech
- Environmental Markets

## People

- Jason Scott — Co-Managing Partner and Co-Founder
- Ricardo Bayon — Partner and Co-Founder
- Adam Wolfensohn — Co-Managing Partner and Co-Founder

## Questions

### What is a Solutions Strategy at Encourage Capital?

A Solutions Strategy begins with identifying a critical social or environmental problem, followed by a systemic analysis of its root causes and capital gaps. The firm then designs cost-effective, scalable investment theses intended to attract commercial capital while enabling collaboration among investors, foundations, non-profits, and operating companies. Examples include financial inclusion strategies that backed small-finance banks in India and water strategies focused on the Colorado River Basin.

### How does Encourage Capital source its water investments?

The firm develops proprietary water strategies through on-the-ground analysis and policy engagement. Its most visible water initiative originated with the 2015 report “Liquid Assets,” produced with The Walton Family Foundation, Culp & Kelly LLC, and Trout Unlimited. This work identified investable pathways for private capital in the Colorado River Basin, including water rights acquisitions and efficiency-linked instruments.

### What is the relationship between Wolfensohn Fund Management and Encourage Capital?

Wolfensohn Fund Management, L.P. was one of two predecessor firms that merged in December 2014 to create Encourage Capital. Adam Wolfensohn, a co-founder of the combined entity, had previously led Wolfensohn Capital Partners, a $250 million private equity fund that made growth-equity investments in emerging-market financial institutions and exchanges. That track record forms the foundation of Encourage Capital's emerging-markets investing.

### Does Encourage Capital invest in funds or only direct deals?

Encourage Capital structures and manages its own investment vehicles directly. Its predecessor fund, Wolfensohn Capital Partners, made direct equity investments in companies such as DCB Bank, Repco Home Finance, and the National Stock Exchange of India. The firm also develops standalone asset strategies — such as District Stormwater in Washington, D.C. and a green carbon fund — and operates a liquid-assets water initiative.

## Related profiles

- [Encore Operating Partners](https://altss.com/profile/encore-operating-partners)
- [Encubay Angel Network](https://altss.com/profile/encubay-angel-network)

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Last updated: 2026-07-10T04:02:04.000Z

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