Montauk Capital

Evan Caron serves as CIO and sits on the Venture Fund I Investment Committee alongside partner Michael and COO Sharo Atmeh, who oversees investment processes. Caron previously led venture investments at the $40B+ energy and infrastructure firm Riverstone and co-founded ClearTrace. The group’s background spans utility-scale battery development, growth-stage cleantech public investing, and private climate fund deployment.

The firm operates a venture studio alongside its venture capital fund, originating companies internally when it identifies gaps in the Electron Economy space. This model lets Montauk generate deal flow that is not reliant on circulated pitch decks or standard GP networks. The studio arm leverages the operating experience of partners who have built companies such as Casper Sleep, ClearTrace, and HGP Storage.

Montauk Capital is an asset manager structured as a private equity firm, not a family office. It pools external capital into a venture fund and runs a venture studio for company creation. The co-founders previously led firms ranging from a direct-to-consumer public company to an energy-focused hedge fund platform.

Montauk Capital executes direct venture and growth investments and also builds companies through its studio. There is no public information indicating a fund-of-funds program. The firm’s investment committee focuses on direct equity stakes in technology businesses powering the Electron Economy.

The firm targets early-stage and growth-stage companies across its venture capital and studio strategies. The studio unit originates brand-new businesses from concept, while the fund pursues venture and growth rounds in existing companies. This pipeline spans pre-seed incubation through late-stage venture.

Montauk Capital has not published a formal avoidance list. Its exclusive focus on the Electron Economy — electrified systems spanning energy, infrastructure, computing, and mobility — suggests it does not back traditional consumer brands, healthcare services, or enterprise SaaS outside those domains. The investment themes center on energy storage, grid technology, smart infrastructure, and industrial decarbonization.

The firm is not a family office and does not trace its capital to a single family’s operating business or liquidity event. Montauk Capital was founded in 2023 by three financial and operating professionals who raised external institutional capital for a venture capital and studio vehicle. The firm discloses no single anchor family or individual wealth source.