# EV Private Equity

EV Private Equity is an Asset Manager based in Stavanger, Norway.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Stavanger, Norway
- **Region:** Europe
- **Address:** Veritasveien 25, 4007 Stavanger, Norway
- **Founded:** 2002
- **Assets under management:** Undisclosed
- **Website:** www.evprivateequity.no
- **LinkedIn:** https://www.linkedin.com/company/evprivateequity

## Regulatory record

- **Reports private funds:** No

## About

EV Private Equity is a private equity firm founded by Helge Tveit and Ole Melberg, originally established as Energy Ventures. The firm focuses on energy decarbonisation and is led by Managing Partner Helge Tveit, who holds an MBA from the University of Chicago. Ole Melberg, former CEO of Smedvig, serves as Co-Founder, and Einar Gamman is a Partner.

## Sectors

- energy decarbonisation

## Offices

- Aberdeen, UK

## People

- Helge Tveit — Managing Partner

## Questions

### Who runs investment decisions at EV Private Equity?

Helge Tveit co-founded the firm in 2002 and serves as Managing Partner, leading the investment strategy from Stavanger. He built the team alongside Ole Melberg and Einar Gamman, whose senior executive experience cemented the management group early on. The firm operates a partnership structure with investment decisions driven by this core leadership.

### How did EV Private Equity’s strategy change after 2020?

Prior to 2020, EV invested broadly in oil and gas technology companies that provided operational efficiencies to the traditional energy industry. Since 2020, the firm has invested exclusively in energy companies that deliver emissions-reduction solutions, aligning its portfolio with the goal of displacing hydrocarbons and meeting Paris Agreement targets. This shift reoriented a two-decade fossil-fuel technology track record toward the energy transition.

### What investment stages does EV Private Equity typically target?

EV invests across buyout, growth, and early-stage opportunities, depending on the maturity of the energy technology. Its portfolio has included venture-stage sensor and software companies alongside more mature service providers requiring expansion capital or management buyout structures. The common thread is technology that reduces emissions in energy value chains.

### Which sectors does EV Private Equity explicitly avoid?

Since 2020, EV has avoided any investment in companies whose primary business enables new hydrocarbon production without a measurable decarbonization or displacement angle. The firm’s legacy oilfield-service holdings predate the mandate shift, but new commitments must meet the emissions-reduction threshold.

### Where does EV Private Equity source its deal flow?

EV leverages a network built over 20 years in the North Sea energy corridor, supplemented by its Aberdeen office and a portfolio that has historically stretched into North America and the Middle East. The firm’s sector expertise in subsurface sensors, process efficiency, and industrial software gives it a proprietary sourcing advantage among energy-technology founders targeting emissions reduction.

### What is EV Private Equity’s known posture on co-investments alongside external GPs?

The firm’s available materials do not detail a formal co-investment program with external general partners. Its model has centered on direct investing in portfolio companies, though its institutional LP base includes Argentum. There is no public evidence of a dedicated co-investment vehicle or systematic syndication strategy.

## Related profiles

- [EVP](https://altss.com/profile/evp)
- [EVX Ventures](https://altss.com/profile/evx-ventures)

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Last updated: 2026-07-10T04:06:30.000Z

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