Nova Fleet

Founder and CEO John Jovanovic runs investment decisions at Nova Fleet and also serves as General Partner of JODA Holdings Group, the family's separate investment entity. Jovanovic's background is in physical commodity trading at Mercuria Energy Trading, a relationship that appears to inform sourcing and due diligence. The firm does not publicly list a separate CIO or investment committee.

Nova Fleet's deal flow appears to emerge from Jovanovic's network across commodity trading, policy, and industry. His roles at Concordia (Senior Advisor, 2019–2025) and the Atlantic Council (Nonresident Senior Fellow, Europe Center) provide access to operators and thought leaders in energy and critical infrastructure. The firm's website explicitly describes an investment platform built around a 'network effect' connecting entrepreneurs, industry, and global thought leaders.

Nova Fleet sits between categories. It is registered as an asset manager and presents publicly as an investment platform, but it operates with the closeness of a single-family vehicle — run entirely by John Jovanovic with overlapping family assets held in JODA Holdings Group. There is no evidence of third-party LP capital, suggesting it functions substantially as a proprietary capital vehicle with a professional outward-facing brand.

Available evidence points to direct and co-investment activity, not fund commitments. The firm's one publicly confirmed position — Validere — was a direct co-investment alongside Mercuria and BlackRock in a Series B round. No fund-of-funds activity, SPV aggregation, or third-party fund commitments are disclosed.

The firm's website names energy, commodities, and other critical sectors. The confirmed investment in Validere — a data and logistics platform for the commodity supply chain — signals a focus on software that touches physical energy and commodity infrastructure. Altss research tags these interests as Energy Transition & Renewables, ClimateTech, and Enterprise Software.

John Jovanovic serves as CEO of Nova Fleet and General Partner of JODA Holdings Group. JODA Holdings appears to be the family's private holding entity, managing a US residential rental portfolio, Palm Beach and New York real estate, Asplundh phantom stock, and a private art collection. The two entities appear to operate in parallel — Nova Fleet as the investment platform brand, JODA as the holding and personal-asset vehicle.

Nova Fleet co-invests directly alongside strategic and financial partners when the opportunity aligns with its operator network. The Validere Series B brought together Mercuria Energy Trading, Jovanovic's former employer, and BlackRock, the world's largest asset manager. This co-investment pattern — commodity-operating partner plus financial-scale allocator — is consistent with the platform's network-effect thesis and likely replicable across its pipeline.