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Strategic Industrial Capital Partners
Strategic Industrial Capital Partners was founded by CEO Jonas Jonhede, Chairman Eivind Reiten — a former Petroleum and Energy Minister of Norway and...
Strategic Industrial Capital Partners
Strategic Industrial Capital Partners was founded by CEO Jonas Jonhede, Chairman Eivind Reiten — a former Petroleum and Energy Minister of Norway and ex-CEO of Norsk Hydro — and COO Duncan Clerkin. The firm’s leadership blends sovereign-level energy policy experience, institutional fund management from London, and structured-finance operations from Deutsche Bank and Macquarie. SICP invests across three thematic pillars: upstream oil and gas, industrial products and services, and sustainability-linked technologies. Its deployment model favors direct equity and co-investment positions, with portfolio holdings historically spanning Europe, the Americas, the Middle East, and Africa. Known investments include Magma Global (flexible composite pipe for offshore energy, entered Q4 2014, exited Q4 2021), Enoflex (renewable-focused energy tech, entered Q3 2016), and M-Flow Technologies (multiphase flow measurement, entered Q4 2014). The firm also backs asset-heavy services: Sendero Drilling (land drilling, entered Q3 2018) and Woodserv (energy-sector wood products, entered Q1 2018). The firm operates with a lean structure, combining investment professionals like Vice President Grant Jenkins with embedded industry consultants — including a former COO of a Latin American E&P company and the former MD of Leeson Polyurethanes, a UK specialty-chemicals manufacturer sold to a US buyer in 2020. Recent activity is limited to publicly disclosed portfolio exits and add-on investments; Magma Global’s exit marks the most notable liquidity event in the current cycle. SICP’s structural distinction lies in its integration of technical operators into the deal process. Investment consultant Benjamin Hubbard, a practicing petroleum engineer, has worked with the investment team since formation in 2013. This engineering-first approach to underwriting physical energy and industrial assets sets it apart from generalist private equity, placing hands-on project management and operational governance alongside investment origination.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Principals
Eivind Reiten
Founder & Chairman
Jonas Jonhede
Founder & Chief Executive Officer
Duncan Clerkin
Founder & Chief Operating Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Strategic Industrial Capital Partners?
Jonas Jonhede, the CEO and co-founder, co-manages investment strategy, origination, and portfolio oversight. He is joined by Chairman Eivind Reiten, a former Petroleum and Energy Minister of Norway and ex-CEO of Norsk Hydro, who brings government-level energy policy and industrial operating experience. COO Duncan Clerkin handles finance, operations, and compliance, while an investment team including Vice President Grant Jenkins supports deal execution.
How does SICP differentiate its deal underwriting on physical energy and industrial assets?
The firm embeds technical operators inside the investment process. Benjamin Hubbard, a petroleum engineer experienced in deepwater and land-based drilling, has been attached to the investment team since SICP’s formation in 2013. This model gives the firm in-house capability to assess subsurface risk, production engineering, and asset-level contract negotiation, supplementing the traditional financial diligence typical in private equity.
What is SICP's investment stage and instrument preference?
SICP describes its strategy as sourcing and executing investments across upstream oil and gas, industrial products and services, and diverse energy technology. The firm invests in both product- and service-oriented businesses alongside asset development projects. Its closed and current portfolio indicates a preference for direct equity stakes in operating companies, not fund commitments, with typical hold periods of six to seven years.
Which sectors does SICP explicitly avoid?
The firm’s stated investment themes — Energy, Industry, and Sustainability — imply a deliberate avoidance of non-industrial sectors. Its website and disclosed portfolio contain no software, consumer, financial services, healthcare, or real estate holdings. SICP operates exclusively within the intersection of engineered industrial products and energy value chains.
What is SICP's geographic focus?
SICP’s leadership track record spans Europe, the Americas, the Middle East, and Africa. Disclosed portfolio companies include Norway-based Magma Global, UK-based Enoflex, and US-based Sendero Drilling, supporting a transatlantic core with emerging-market capability. The headquarters is in London, United Kingdom, and no additional offices are currently disclosed.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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