Generate Capital Advisors

Scott Jacobs, co-founder, is the Chief Executive Officer and oversees the firm's strategy and investments. Matthias L. M. R. D. D. G. D. D. G. serves as Chief Investment Officer. Jigar Shah, co-founder, was appointed to lead the U.S. Department of Energy Loan Programs Office in 2023 but remains associated with the firm as a co-founder (per DOE announcement, 2023).

Generate Capital originates deals primarily through its in-house development and project management team. Unlike traditional infrastructure funds that rely on external sponsors, Generate identifies, develops, and constructs projects internally, then owns and operates the assets. This vertical integration allows direct control over the pipeline and reduces reliance on third-party origination (per firm communications, 2022).

Generate Capital is structured as a permanent capital vehicle, not a closed-end fund with a fixed fund life. This allows the firm to hold assets indefinitely, aligning the investment horizon with the long-duration cash flows of infrastructure projects. The permanent capital base is funded by institutional investors and family offices (per firm communications, 2022).

Generate Capital invests across the capital structure of sustainable infrastructure projects, including development, construction, and operations. It takes controlling stakes in projects and companies, and often finances them through a combination of equity and project-level debt. The firm typically avoids early-stage venture capital bets and focuses on assets that can generate near-term cash flows (per firm website, 2022).

Generate Capital focuses exclusively on sustainable infrastructure and does not invest in fossil fuel assets, carbon-intensive industries, or real estate that is not tied to energy or resource productivity. The firm's mandate is centered on reducing emissions and resource waste across energy, water, waste, and food systems (per firm communications, 2022).

Jigar Shah, co-founder of Generate Capital, was appointed Director of the U.S. Department of Energy's Loan Programs Office (LPO) in March 2023. He is on leave from Generate Capital during his government service, and his duties have been assumed by the remaining leadership team. The firm continues to operate independently (per DOE announcement, 2023).

Generate Capital occasionally co-invests with institutional investors, family offices, and other infrastructure funds in large projects, but typically retains control or majority ownership. The firm has partnered with pension funds and endowments in syndicated project financings (per public record). Co-investment is not the primary business model — the firm prefers to originate and hold assets on its balance sheet.