Capricorn Investment Group LLC
Capricorn provides investment solutions and OCIO services aimed to solve environmental and social issues while building sustainable wealth for clients.
In the firm's own words, from its website.
43 additional team members, 1 additional co-investor or affiliate, 16 additional investments, funds and LPs, 26 events, 3 verified contacts (2 firm phone, 1 published business email)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 vehicleson Form D, 18 months
$27M reported sold so far.
A Form D is filed when a vehicle takes its first money, so these are open to LPs now.
People to know
View all people- MemberWhy: Named with investment responsibilityNo route on file yet
- MemberWhy: Named with investment responsibilityNo route on file yet
- MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
65 connected entities1 observed roundrounds 2012
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Capricorn Investment Group LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Capricorn Investment Group LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
3 companies on record, 1 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Fervo Energy Co | board seat | unknown · board | ION Yadigaroglu (strongly supported) | unknown | unknown | Dec 10, 2025 | Inference Form D |
| Nuvia | board seat | unknown · board | Dipender Saluja (strongly supported) | unknown | unknown | Oct 8, 2020 | Inference Form D |
| Embrace Technologies, Inc. | Form D equity offering | unknown · board | Dipender (nmn) Saluja (strongly supported) | $5.0M form d sold | unknown | Jan 24, 2012 | Inference Form D |
Stated thesis versus observed behaviour
- Sectors
- ai
- Stages
- series b
- Geography
- uk
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
46 current, 8 departed
Decision makers
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Member · 1 deal attributed
- Member
9 departed (kept with end dates)
- Barry Jay Uphoff · Member · Apr 1, 2007 to Mar 28, 2019 Inference
- John Varlas Jonson · Member · Apr 1, 2007 to Mar 28, 2014 Inference
- Michael John Mccullough · Member (Chso Management Llc) · Jul 1, 2015 to Sep 7, 2017 Inference
Contacts
1 published business email, 2 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
18 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Technology Impact Fund III, LP | Fund | 2026 form d first sale | Fundraising | unknown | unknown | $27.0M of $500M | Apr 28, 2026 |
| Tigf Direct Strategies II, LLC - Series 3 | Fund | 2024 adv first reported | Early deployment | $30.7M Apr 30, 2026 | 41 | unknown | unknown |
| CIG Low Carbon Basket, LLC | Fund · ADV: Other Private Fund | 2023 adv first reported | Active deployment | $252M Apr 30, 2026 | 3 | unknown | unknown |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| State Employee and Teacher Plan | STATE RETIREMENT SYSTEM | Technology Impact Growth Fund III, LP | $40.0M committed | approved Sep 10, 2026 | Fact Board minutes |
| State Employee and Teacher Plan | STATE RETIREMENT SYSTEM | Technology Impact Fund III, LP | $40.0M committed | approved Sep 10, 2026 | Fact Board minutes |
| Skoll Foundation | FOUNDATION | Capricorn-Libra Investment Group, LP | $117M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
4 co-investors · on 5 other DFX graphs
Co-investors
- 2026-10-011 shared deal · one time
- 2026-10-011 shared deal · one time
- 2026-09-301 shared deal · one time
Compare portfolios with Walden Catalyst, MNS Global Capital Managers, LLC, DCVC or any firm. Co-investors across the market
Across DFX and the capital chainon 5 other DFX graphs · 2 capital paths ShowHide
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Allocators, Independent Sponsors, RIA and Wealth, Private Equity, Private Credit, matched by identifier. See which records
Capricorn Investment Group LLC is the same institution as 5 records in Allocators, Independent Sponsors, RIA and Wealth, Private Equity and Private Credit.
DFX found 5 relationships across 5 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Capricorn Investment Group LLC sits on 2 traced paths of capital across the graphs.
DFX traced 2 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
31 dated events, 88 observations from 4 sources
Timeline
- Jul 9, 2026Capricorn Investment Group LLC filed the first Form D for Technology Impact Growth Fund III, LP (fund 3), its next fund after Technology Impact Growth Fund II, LP (vintage 2021); offering $700.0M
- Apr 30, 2026Tigf Direct Strategies II, LLC - Series 4 first reported on Form ADV by Capricorn Investment Group LLC (Venture Capital Fund), GAV $19,498,809
- Apr 30, 2026Tigf Direct Strategies II, LLC - Series 5 first reported on Form ADV by Capricorn Investment Group LLC (Venture Capital Fund), GAV $62,677,772
- Apr 17, 2023CIG Low Carbon Basket, LLC first reported on Form ADV by Capricorn Investment Group LLC (Venture Capital Fund), GAV $124,150,728
- Mar 31, 2023CIG Direct Strategies Sx, LP first reported on Form ADV by Capricorn Investment Group LLC (Venture Capital Fund), GAV $46,749,934
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Apr 30, 2026 · 22 private fundsShowHide
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- CAPRICORNLLC.COM
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Apr 30, 2026
- Private funds reported
- 22 (9 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $12Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $19Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 46
- Owners on Schedule A
- Pine LLC (Member), owns 50% to 75%; Jeffrey S. Skoll Revocable Trust (Sole Member), owns 75% or more
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 23, 2026Private equity with venture activity (probable, 75%)Registered adviser; venture funds are 21% of 22 private funds
- Sep 12, 2026Private equity with venture activity (probable, 75%)Registered adviser; venture funds are 26% of 22 private funds
- Sep 12, 2026Private equity with venture activity (probable, 75%)Registered adviser; venture funds are 26% of 20 private funds
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Apr 30, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Apr 30, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Apr 30, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 28, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Apr 30, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Mar 28, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-04-30 | Apr 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-04-30 | Apr 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-28 | Mar 28, 2024 | Fact | Form ADV |
| SEC status | Approved | Apr 30, 2026 | Fact | Form ADV |
| SEC status effective | 2008-09-18 | Apr 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 0 | Apr 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 0 | Mar 28, 2024 | Fact | Form ADV |
| Business phone | Apr 30, 2026 | Fact | Form ADV | |
| Business phone | Mar 28, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Employees | 46 | Apr 30, 2026 | Fact | Form ADV |
| Employees | 32 | Mar 28, 2024 | Fact | Form ADV |
| Headquarters | New York, NY | Apr 30, 2026 | Fact | Form ADV |
| Headquarters | Palo Alto, CA | Mar 28, 2024 | Fact | Form ADV |
| Office address | Apr 30, 2026 | Fact | Form ADV | |
| Office address | Mar 28, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Apr 30, 2026 | Fact | Form ADV |
| Other funds reported | 2 | Apr 30, 2026 | Fact | Form ADV |
| PE funds reported | 11 | Apr 30, 2026 | Fact | Form ADV |
| Private funds reported | 22 | Apr 30, 2026 | Fact | Form ADV |
| Private funds reported | 22 | Apr 30, 2026 | Fact | Form ADV |
| Private funds reported | 20 | Mar 28, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $12B | Apr 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $12B | Apr 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $4.5B | Mar 28, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $19B | Apr 30, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $9.4B | Mar 28, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 18, 2026 | Fact | Form ADV |
| Stated geography | uk “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | uk “geography words on the home page” | Sep 12, 2026 | Fact | |
| Stated sectors | ai “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | Healthcare, climate, energy “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | ai “sector words on the home page” | Sep 12, 2026 | Fact | |
| Stated stages | Series b “stage words on the home page” | Sep 16, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 12, 2026 | Fact | ||
| Venture funds reported | 9 | Apr 30, 2026 | Fact | Form ADV |
| Venture funds reported | 9 | Apr 30, 2026 | Fact | Form ADV |
| Venture funds reported | 10 | Mar 28, 2024 | Fact | Form ADV |
| Website | Sep 12, 2026 | Fact | Form ADV | |
| Website | Mar 28, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersPrivate equity with venture activity, probableShowHide
Registered adviser; venture funds are 21% of 22 private funds
- importance
- gav: 0.77 · funds: 0.92 · people: 1 · investments: 0.11 · scale basis: Venture-typed funds only (Private equity with venture activity): 11 funds, $3.6B of $11.1B reported · co investors: 0
- active deployment
- investments 12m: 0.13 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2025-12-10
- emerging manager
- fund count: 18 · reported gav: $11B · first adv filing: 2012-03-29 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 48.6confidence 100%Why: sector fit; geography fit; activity; analogousWatch: adjacent portfolio
- score 38.6confidence 90%Why: sector fit; activity; analogousWatch: adjacent portfolio
- score 38.6confidence 90%Why: sector fit; activity; analogousWatch: adjacent portfolio
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Adviser's first ADV filing2012-03-29source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.