# Virgin Green Fund

Virgin Green Fund is an Asset Manager based in London, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2007
- **Assets under management:** Undisclosed. The fund targeted $400M at launch and deployed capital into late-stage venture and growth equity (per Financial Times, 2010).
- **Website:** virgingreenfund.com
- **LinkedIn:** https://www.linkedin.com/company/virgin-green-fund

## Regulatory record

- **Reports private funds:** No

## About

Virgin Green Fund is an independent private equity firm investing in renewable energy and resource efficiency sectors in North America and Europe. The firm operates offices in London and San Francisco. It was launched with backing from the Virgin Group and additional limited partners.

## Sectors

- Energy Transition & Renewables
- Mobility & Transportation
- ClimateTech

## Offices

- San Francisco, CA, United States

## People

- Richard Branson — Co-Founder
- Shai Weiss — Managing Partner
- Evan Lovell — Partner

## Questions

### What was Virgin Green Fund's investment mandate?

The fund targeted late-stage venture capital and growth equity investments in renewable energy, biofuels, sustainable mobility, and resource efficiency. It sought commercially viable companies ready for scale, not early-stage science projects. The focus was on generating venture-style returns from sustainability-themed assets, a mandate the firm pursued with institutional discipline rather than as a corporate social responsibility arm of Virgin Group.

### Who were the key investment professionals at Virgin Green Fund?

Shai Weiss served as Managing Partner, bringing experience from Morgan Stanley's private equity group and a previous role as CFO of NTL Incorporated. Partners Evan Lovell and Bert Toth led deal sourcing and portfolio management, with Lovell focusing on US-based opportunities from San Francisco. The team combined traditional private equity operating skills with an early understanding of renewable energy technology scaling.

### What happened to Virgin Green Fund's portfolio companies?

Several notable outcomes emerged from the portfolio. Gevo, a biofuels company, completed an initial public offering on NASDAQ in 2011. SolarCity, in which Virgin Green Fund held a stake, grew into the largest US residential solar installer and was acquired by Tesla for roughly $2.6 billion in 2016. Other portfolio positions were sold or wound down in secondary transactions as the fund reached the end of its lifecycle without raising a successor vehicle.

### Does Virgin Green Fund still actively invest?

No. The firm ceased new investment activity after deploying its initial fund and did not raise a successor vintage. Portfolio management continued through the exit phase, but the partnership did not continue making new commitments. The fund's lifecycle concluded as its underlying assets were sold or reached maturity, making Virgin Green Fund a closed, historical chapter rather than an ongoing investment platform.

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Last updated: 2026-06-03T20:00:00.000Z

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