Private Equity

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StB Capital Partners

StB Capital Partners is an energy transition venture capital firm. Its ambition is to champion the advancement of energy transition solutions through active,...

StB Capital Partners logo

StB Capital Partners

StB Capital Partners is an energy transition venture capital firm. Its ambition is to champion the advancement of energy transition solutions through active, targeted investments in world-class teams. It focuses on the electrification of the transportation sector, the decarbonisation of the energy sector, and compelling adjacencies, seeking to accelerate the energy transition and deliver superior economic returns.

General information

Firm type

Private Equity

Year founded

2015

Location

Region

Oceania

Country

Australia

City

Brisbane

Corporate office

Level 4, 410 Queen Street, Brisbane City QLD 4000, Australia

Additional offices

Sydney, Australia

Principals

Trevor St Baker

Founder

Chris Hay

Leadership team

Sector focus

Energy Transition & RenewablesMobility & TransportationCleantech

Frequently asked questions

Who runs investment decisions at StB Capital Partners?

Founder Trevor St Baker and leadership team member Chris Hay guide the firm’s investment process, per the firm’s website. St Baker brings the operating and capital-markets experience from building ERM Power and taking it public and through its sale to Shell. The firm has not publicly disclosed a separate investment committee or broader deal-team structure.

How does StB Capital Partners source proprietary deal flow?

Sourcing leans on the founder’s deep energy-industry network built over four decades at ERM Power, combined with the firm’s thesis-driven focus on electrification and decarbonization. Portfolio companies like Novonix and Evie Networks suggest the firm identifies battery-material and charging-infrastructure opportunities where government grant programs — such as ARENA — provide non-dilutive co-funding signals.

Does StB Capital Partners participate in fund commitments or only direct deals?

The firm’s disclosed vehicles are direct-investment funds, not fund-of-funds. StBEIF and the Energy Transition Fund both make direct equity investments into clean-energy companies. There is no public evidence of StB Capital Partners committing capital as an LP into third-party venture or infrastructure funds.

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