Pegasus Capital Advisors

Pegasus Capital Advisors

Craig Cogut started Pegasus Capital Advisors in 1996 after helping to launch Apollo Global Management, carrying a conviction that private equity could integrate environmental and social factors without diluting returns. For nearly three decades the firm has operated from Stamford, Connecticut, channeling client commitments into sustainability and health investments. The firm reports deploying over $2.6 billion across its history (per the firm, 2026), with early moves into recycling, energy efficiency, and healthy nutrition preceding the broader institutional embrace of impact investing. Strategy spans private equity, sustainable infrastructure, and the sustainable ocean economy. The firm targets control-oriented infrastructure projects that apply demonstrated technologies to secure essential resources, alongside growth-stage and venture exposures in sectors such as renewable energy, waste and water management, and aquaculture. Confirmed positions include Oceanpick, a Sri-Lankan aquaculture operator, Carbonwave, and Agrion. Geographic coverage reaches Africa, Asia, the Caribbean, and Latin America — regions where Pegasus often layers concessional capital from development-finance institutions into its structures. Craig Cogut chairs the firm, while his son David Cogut serves as Co-Managing Partner overseeing operations and strategic relationships with the Green Climate Fund, UNDP, and other multilaterals. Dale Galvin leads the GFCR Investment Fund, and Anuj Kamdar — a Partner who has helped oversee a portfolio representing more than $800 million of invested capital — has been pivotal in launching both the Sub-national Climate Fund and the GFCR. In April 2026 the firm publicly highlighted its partnerships with the UN Joint SDG Fund and UNDP, reinforcing its role as a structuring partner for blended-capital vehicles that mix private institutional money with public and philanthropic capital. Pegasus is not a family office but behaves more like a hybrid manager — its deal flow is driven in large part by multilateral accreditation and relationships that competing GPs rarely replicate. Accreditation by the Green Climate Fund in 2018 unlocked an anchor commitment of $150 million for the Sub-national Climate Fund, and the firm has since built a dedicated team of former DFI executives and climate-policy veterans — including Gina McCarthy, the former White House National Climate Advisor. That integration of policy access, blended-finance architecture, and direct investment execution creates a sourcing model distinct from a conventional private equity firm.