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Zouk Capital
Zouk Capital runs a £400M government-backed fund investing in EV charging and clean infrastructure across the UK and Europe.
Zouk Capital
Founded in 1999 by Samer Salty, Zouk Capital operates as an independent investment manager headquartered in London. The firm emerged from the early wave of European cleantech investing and later pivoted toward a concentrated strategy centered on sustainable infrastructure, electrification, and resource efficiency. Salty, a former investment banker, structured Zouk as a specialist manager rather than a diversified platform, which shaped its later public-sector relationships. Zouk deploys growth equity and infrastructure capital across the energy transition, targeting companies that provide enabling technology and physical assets for decarbonization. The strategy spans renewable energy generation, electric vehicle charging networks, smart grid software, and circular-economy infrastructure. A signature mandate is the Charging Infrastructure Investment Fund (CIIF), a £400M vehicle established in partnership with the UK government and managed by Zouk. Confirmed portfolio positions include InstaVolt, one of the UK's largest public EV rapid-charging networks, and Zest, an EV charging provider focused on workplace and destination sites. The firm invests primarily in the UK and Europe, with a bias toward asset-backed growth stage companies. The team operates from a single London office, with a lean investment group built around the CIIF mandate and parallel private funds. The partnership with the UK Treasury and HM Government's infrastructure advisory bodies is a defining operational feature, creating a co-investment structure where public capital sits alongside institutional limited partners. In 2023 the fund made follow-on commitments to existing portfolio platforms and accelerated deployment into British EV infrastructure, consistent with the government's zero-emission vehicle targets. Zouk's structural differentiator is its hybrid character: it is a private fund manager that executes a government-aligned mandate without itself being a state entity. The CIIF structure locks in concessionary public capital as an anchor, which shapes Zouk's ability to underwrite long-duration infrastructure assets and attract pension fund co-investors. That architecture is rare among UK growth equity firms and ties the firm's deployment pace directly to national infrastructure policy cycles.
General information
Firm type
Generalist
Year founded
1999
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Principals
Samer Salty
Chief Executive Officer
Sector focus
Frequently asked questions
Who makes investment decisions at Zouk Capital?
CEO Samer Salty leads the investment committee, supported by a senior team that manages deal origination and portfolio oversight. Salty founded the firm in 1999 and has guided its strategic pivot from general cleantech venture capital to infrastructure-focused growth equity. Investment decisions for the Charging Infrastructure Investment Fund are made in coordination with an advisory board that includes UK government representatives, reflecting the public-private partnership structure.
What is the Charging Infrastructure Investment Fund and how does it shape Zouk's strategy?
The Charging Infrastructure Investment Fund (CIIF) is a £400M vehicle established in partnership with the UK government to accelerate the rollout of public EV charging networks. The UK Treasury committed £200M as an anchor investor, with Zouk matching the remaining capital from institutional limited partners. This structure makes Zouk one of the few private fund managers executing a direct government co-investment mandate in British infrastructure, while maintaining independent investment discretion.
What kind of companies does Zouk Capital back?
Zouk targets growth-stage and infrastructure companies in electrification, renewable energy, and resource efficiency. Portfolio positions include InstaVolt, a public rapid-charging network operator, and Zest, a workplace and destination EV charging provider. The firm favors asset-backed businesses with contracted or recurring revenue models, where government policy tailwinds support long-term demand visibility.
Does Zouk invest outside the UK?
Zouk's primary geographic focus is the United Kingdom, driven in part by the CIIF mandate. The firm has historically evaluated opportunities across continental Europe, but the CIIF's capital is concentrated on British infrastructure assets. The broader private fund strategy retains flexibility for European investments in areas such as renewable generation and circular-economy infrastructure.
How does a government co-investment vehicle differ from a standard private fund at Zouk?
The CIIF operates with a public-sector anchor commitment of £200M from the UK Treasury, matched by institutional capital raised by Zouk on commercial terms. The fund's investment parameters align with government policy objectives for EV charging deployment, but Zouk maintains fiduciary control over individual investment decisions. This structure gives the fund access to policy-informed deal origination and long-duration underwriting while preserving private-sector governance and return expectations.
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