What investment strategy does Capital Dynamics focus on?

Capital Dynamics focuses on Real Estate strategies in the private equity space.

How many portfolio companies does Capital Dynamics have?

Capital Dynamics has 10 active portfolio companies and 6 completed exits and 1 fund tracked on GP Intel.

Where is Capital Dynamics headquartered?

Capital Dynamics is headquartered in London, United Kingdom.

What is Capital Dynamics's assets under management?

Capital Dynamics manages approximately €6.0B in assets under management.

When was Capital Dynamics founded?

Capital Dynamics was founded in 1999.

What sectors does Capital Dynamics invest in?

Capital Dynamics invests across Energy.

What are Capital Dynamics's recent exits?

Recent realized exits by Capital Dynamics include: Lazio Solar Portfolio 194MWp (EOS IM JV, Akira) (2026) to Sonnedix; Alphial (2025) to SGD Pharma; Italian Solar Portfolio (110MW) (2025) to Sonnedix; Italian Solar Portfolio 225MW (Sonnedix sale) (2025) to Sonnedix; Italian Solar Project 18MW (Solar Ventures) (2025) to Sonnedix; Best Trash (2024) to Amberjack Capital Partners.

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Capital Dynamics

London, United Kingdom·Founded 1999·

Real Estate

·capdyn.com

Capital Dynamics is a global private-asset manager founded in 1999, whose UK entity Capital Dynamics Limited is authorised and regulated by the UK Financial Conduct Authority under firm reference number 141829. Its direct Clean Energy Infrastructure business, launched in 2010 and run out of London, owns and operates solar and onshore wind assets across Europe, alongside the firm's separate private-equity fund-of-funds and secondaries activities. The clean-energy team manages about USD 6.5 billion and over 7.9 GW of contracted generation across 150-plus projects in Europe and North America; its latest fully European fund, Clean Energy Infrastructure IX, closed at EUR 521 million in October 2022 as an Article 9 SFDR strategy.

AUM

€6.0B

Funds

vintages 2022

Portfolio

Exits

Capital Dynamics is a London real estate firm with €6.0B AUM, 10 active companies and 6 exits.

SectorsEnergy

Key takeaways

·6 exits in the last 5 years · consistent DPI cadence.
·Average hold across 6 realized deals: 3 years.
·Top sector focus: Energy (69% of portfolio).

Sector breakdown

16 companies

Energy

11 · 69%

Industrials

1 · 6%

Business Services

1 · 6%

ClimateTech

1 · 6%

Geography breakdown

6 geographies

Italy

6 · 38%

1 · 6%

Germany

1 · 6%

Ireland

1 · 6%

Spain

1 · 6%

Key facts

HQLondon, United Kingdom

Founded1999

Employees150+

Websitecapdyn.com

Recent exits

Capital Dynamics sold Lazio Solar Portfolio 194MWp (EOS IM JV, Akira) to Sonnedix in 2026 after 4 years.

Capital Dynamics sold Alphial to SGD Pharma in 2025 after 5 years.

Capital Dynamics sold Italian Solar Portfolio (110MW) to Sonnedix in 2025 after 2 years.

Capital Dynamics sold Italian Solar Portfolio 225MW (Sonnedix sale) to Sonnedix in 2025 after 2 years.

Coverage notes

1 fund tracked, 16 portfolio companies (10 active · 6 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Capital Dynamics has raised, with its portfolio companies. Hand-checked from public filings.

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

Capital Dynamics Clean Energy Infrastructure IX

Infrastructure2022€521M10 assets6 exits

Infrastructure

2022 · 4yr

€521M

Unrealized

10 held

Company	Entry
Fleet Solar Farm Energy · UK	2026
Garbet Wind Project Energy · UK	2023
German Solar-plus-Storage (Saxony-Anhalt) Energy · Germany	2025
Italian Solar Portfolio (170MW) Italy	2023
Knockanure BESS Project Ireland	2026
Pines Burn Wind Farm Energy · UK	2022
Solo Renewables LDES JV (Northern Ireland) ClimateTech · UK	2026
Spanish Solar Portfolio (317MWp) Energy · Spain	2024
Strathrory Wind Project Energy · UK	2023
UK Solar Portfolio 121MW (Clump and Yanel) Energy · UK	2025

Realized

6 exits

Company	Entry	Exit	Type	Buyer	MOIC
Alphial Industrials · Italy	2020	2025	Trade Sale	SGD Pharma	–
Best Trash Business Services · US	2021	2024	Trade Sale	Amberjack Capital Partners	–
Italian Solar Portfolio (110MW) Energy · Italy	2023	2025	Trade Sale	Sonnedix	–
Italian Solar Portfolio 225MW (Sonnedix sale) Energy · Italy	2023	2025	Trade Sale	Sonnedix	–
Italian Solar Project 18MW (Solar Ventures) Energy · Italy	2022	2025	Trade Sale	Sonnedix	–
Lazio Solar Portfolio 194MWp (EOS IM JV, Akira) Energy · Italy	2022	2026	Trade Sale	Sonnedix	–

About Capital Dynamics

Capital Dynamics is one of the longest-established global private markets specialists with $14.1 billion of assets under management and advisement as of June 2024, headquartered in Zug, Switzerland with 13 offices across Europe, North America and Asia. The firm was founded in 1988 as Westport Private Equity (UK) before moving the HQ to Zug in 1999. Capital Dynamics remains a partner-owned independent firm operating offices in London, Zug, New York, Tokyo, Hong Kong, Munich, Milan, Paris and beyond.

Investment thesis

Capital Dynamics deploys capital through six Global Secondaries funds (GSEC I through VI) plus multiple clean energy infrastructure vehicles, targeting global secondaries, primaries, co-investments, clean energy infrastructure and private credit. The platform combines one of the longest-established secondaries franchises with a top-ranked GRESB clean energy infrastructure platform. Sector focus spans diversified private equity multi-sector exposure plus dedicated clean energy infrastructure across solar, wind and battery storage. Geographic deployment is global across the 13-office network.

Recent activity

Recent realised exits include clean energy and renewables (Italy portfolio, 2025) plus various secondaries-driven realisations across 2024-2025. Recent acquisitions include clean energy infrastructure (Germany solar plus storage, 2025) and the Global Secondaries VI close (November 2024). The platform continues active deployment across the global secondaries and clean energy franchises.

Frequently asked questions

What investment strategy does Capital Dynamics focus on?: Capital Dynamics focuses on Real Estate strategies in the private equity space.
How many portfolio companies does Capital Dynamics have?: Capital Dynamics has 10 active portfolio companies and 6 completed exits and 1 fund tracked on GP Intel.
Where is Capital Dynamics headquartered?: Capital Dynamics is headquartered in London, United Kingdom.
What is Capital Dynamics's assets under management?: Capital Dynamics manages approximately €6.0B in assets under management.
When was Capital Dynamics founded?: Capital Dynamics was founded in 1999.
What sectors does Capital Dynamics invest in?: Capital Dynamics invests across Energy.
What are Capital Dynamics's recent exits?: Recent realized exits by Capital Dynamics include: Lazio Solar Portfolio 194MWp (EOS IM JV, Akira) (2026) to Sonnedix; Alphial (2025) to SGD Pharma; Italian Solar Portfolio (110MW) (2025) to Sonnedix; Italian Solar Portfolio 225MW (Sonnedix sale) (2025) to Sonnedix; Italian Solar Project 18MW (Solar Ventures) (2025) to Sonnedix; Best Trash (2024) to Amberjack Capital Partners.