Verdane

Co-Founder and Managing Partner Bjarne Kveim Lie leads the investment committee, which is composed of Verdane's longest-tenured partners. The firm operates with a partnership model where individual partners originate and lead deals within their sector coverage, but all investment decisions require committee approval.

Verdane pursues direct, control, and co-investment transactions exclusively. The firm does not operate as a fund-of-funds and does not allocate capital to external managers. Its pooled vehicles, including the flagship Capital series and the climate-focused Idun fund, are deployed directly into portfolio companies.

Elevate is Verdane's in-house operating team — a group of engineers, data scientists, and commercial specialists who work alongside portfolio company management. Unlike third-party advisory models, Elevate is a salaried capability embedded within the GP, treating value creation as an internal function rather than a billable service. The team focuses on product development, digital marketing, and sustainability reporting across the portfolio.

Verdane does not invest in biotech, pure-play pharmaceuticals, or heavy infrastructure outside the energy transition. The firm also stays away from consumer retail and financial services unless the business is a technology company serving those industries rather than a balance-sheet or inventory-heavy operator.

Idun is Verdane's dedicated climate-infrastructure vehicle, raised alongside the flagship Capital XI fund in 2023 with a €300 million target. It shares the same partnership and investment committee but deploys capital into energy-transition assets — grid software, EV charging, and resource-efficiency platforms — under a distinct return profile. The Idun team draws on Elevate's technical resources while maintaining its own deal origination capacity.