InterGen Capital

Managing Partner Sandi Gilbert leads the firm alongside co-founders Jim Gray and Brian Felesky. Gilbert, who also serves as CEO of the affiliated platform InterGen Connect, is the most externally visible decision-maker and represents InterGen in the National Angel Capital Association as Board Chair. Investment decisions appear to rest with this tight founding group, operating from Calgary without a publicly listed investment committee or outside CIO.

InterGen Capital, InterGen Connect, and the Hunter Family Foundation share overlapping leadership and a common origin point in co-founder Jim Gray's energy wealth. Gilbert runs InterGen Connect as CEO while serving as Managing Partner of the capital vehicle, and the Hunter Family Foundation represents Gray's philanthropic activities. Rather than operating as legally isolated silos, the three entities appear to function as an integrated ecosystem where networking, grant-making, and direct investing reinforce each other.

The investable capital traces to co-founder Jim Gray's success at Canadian Hunter Exploration, one of the most prominent independent natural gas producers in Canada's history. Gray sold the company in the early 2000s, generating substantial personal liquidity that seeded InterGen's venture activities. Co-founder Brian Felesky contributed the legal and tax structuring expertise through his firm Felesky Flynn LLP, long recognized as a leading Canadian tax practice.

InterGen operates as a generalist investor with capacity from seed through growth-stage venture, including start-up rounds. The firm's membership in Alberta's venture capital and angel association networks indicates a bias toward early-stage, direct-equity positions, though it does not publish a stated stage allocation or fund-size target. No public evidence suggests later-stage buyout or pre-IPO participation.

Yes, the Hunter Family Foundation is the primary philanthropic vehicle tied to co-founder Jim Gray. While legally distinct, it shares a common origin and overlapping principal roster with InterGen Capital. The foundation supports community and charitable initiatives in Alberta, and its existence alongside InterGen Capital signals that impact-driven capital and for-profit venture capital sit within the same family ecosystem, not in separate institutional silos.