Marathon Capital’s Post

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Our CEO & Founder Ted Brandt recently sat down with Alan Neuhauser at Axios to discuss investor implications and the state of the energy transition. Axios Pro subscribers can read the full conversation at the link below. https://lnkd.in/gXbCsWcS

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Climate Deals Reporter @ Axios

"Some VCs have had terrible returns or no realizations. These are white-knuckle times." Ted Brandt, CEO of energy- and climate-focused investment bank Marathon Capital, talked with Axios Pro recently about what's been on his mind. Surging electricity demand is at the top of the list. But also: whether companies are delivering the returns needed to keep drawing investors to climate. https://lnkd.in/e7VD8PZg

Ted Brandt: 'These are white-knuckle times'

Ted Brandt: 'These are white-knuckle times'

axios.com

Dustin Muscato

Strategic Growth Advisory • Investment Banking • Private Equity • Deal Sourcing & Execution • Portfolio Mgmt.(Strategy/Structuring/Negotiating/Investment/Due Diligence) • Capital Formation • M&A

3mo

So - this is a very ripe topic for open and detailed discussion. One that I think is not happening enough. There are so many factors at play, including the truly nacsent nature of the energy transition sector (a phrase I think is much more accurate than "climate" which I don't believe is appropriately descriptive or wholly accurate). I see and work with companies that are on the cutting edge of business model innovation in the broad sector, and yet they are still not quite large enough for traditional middle market PE, certainly not BB buy-out shops. And the traditional VC model is not necessarily well-situated alongside the energy transition sector (certainly it could be, but there are nuances). There is a hybrid model that requires much more than capital - it requires expertise, relationships, execution, innovation, and earlier (but not early stage) capital that helps to unlock / accerlate business model execution, which will lead to the larger exits in the future, as these new business models take hold. It is strategic capital from those who really know how to help these companies grow, and teams execute, and capital which is well-aligned on a time-frame perspective. There is so much to do! It is quite exciting.

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