new hire
Houston private equity professional tapped to lead growth development at firm focused on decarbonization
A London-based energy transition investment firm has named a new Houston-based leader.
Climate Investment announced Patrick Yip will lead the firm's growth investment strategy as managing director, head of growth. In his new role, he will oversee the development of CI’s growth-stage portfolio, including deal sourcing, operational function of strategy, and working with the team that manages the firm's early-stage Catalyst program. He reports to the CEO, Pratima Rangarajan.
“We are excited to welcome Patrick to Climate Investment,” Rangarajan says in a news release. “The decarbonization investment opportunity continues to grow rapidly, and Patrick’s extensive experience will help us capitalize on that. He will also provide leadership and develop the market partnerships that will drive our growth investment strategy forward, playing a key role in supporting portfolio market adoption and accelerating the next stage of development for CI.”
Founded in 2016 by members of the Oil & Gas Climate Initiative (OGCI), CI grew its strategy last year to focus on more growth-stage opportunities so that its portfolio reflects both a maturing decarbonization pipeline as well as new technologies.
“Investing in Growth is a natural extension of our early-stage Catalyst strategy, enabling us to bring our experience and industry relationships to a wider range of companies that are poised for market expansion,” Rangarajan adds.
Yip, who will continue to be based in Houston, previously served as managing director for GEC, a Houston-based energy transition investment firm. He also previously worked at Halliburton on its mergers and acquisitions team. He has also held a number of private company Board positions within the energy transition sector.
According to the firm, it has facilitated over 136 market deployments from its portfolio companies’ technologies since it was founded less than a decade ago.