PostScriptum Ventures

Founder Mark Crandall chairs the group, while Managing Partner Dimitar Enchev runs day-to-day investment operations. Partners Alex Hewitt and Fabrizio Cagnasso co-lead deal execution and project oversight. Enchev and Hewitt were instrumental in building CWP Renewables, the Australian developer with an asset management portfolio exceeding 750 MW and a development pipeline of more than 3.5 GW.

Deal flow flows from the principals' deep operating roles in project-development platforms such as CWP Renewables in Australia and CWP Global in Southeast Europe. These entities originate, permit, and finance large-scale wind, solar, and battery projects, giving PostScriptum an inside track on early-stage technology and adjacent services businesses. The firm's energy-trading lineage also surfaces structured commodity-linked opportunities.

It operates as a hybrid. PostScriptum is not a blind-pool fund; it deploys balance-sheet capital from its principals and co-investors into direct project-development companies, venture-stage technology, and growth-equity positions. The group does not publicly disclose external fund structures, functioning more like a permanent-capital investment group than a traditional GP-led private equity firm.

Publicly disclosed activity points to direct equity investments, joint ventures, and co-investments rather than third-party fund commitments. The firm co-invested alongside Vireo Ventures into Reshape Energy and partnered with INVENIO Partners to inject capital into Software Group, indicating a preference for direct deal-by-deal participation.

The firm regularly co-invests with institutional and strategic partners. It brought in Partners Group to commit $700 million into the Grassroots Renewable Energy Platform in Australia, while Commodity trader Mercuria joined a 2 GW renewables build-out in Southeast Europe. These anchor partnerships suggest a model of selective co-underwriting rather than widely syndicated club deals.

PostScriptum's principals co-founded and serve on the board of CWP Renewables, one of Australia's leading renewable-energy developers. The management team, including Alex Hewitt as CEO of CWP, oversees a portfolio of 750 MW in operation and a 3.5 GW pipeline. Their involvement gives PostScriptum deep operational exposure to project-level economics and origination.

Sustainability is the firm's core mandate, not a screen. Investments target the renewable energy (r)evolution — large-scale generation, storage, distributed/off-grid systems, and energy efficiency — as well as ventures in mass-timber construction and software for financial inclusion. The firm describes its approach as seeking 'outstanding returns through investments in sustainability.'