# Denham Capital: portfolio, investments and team

> Denham Capital is a private equity based in United States. 9 investments on record, latest Sept 2016. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/denham-capital-management (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Denham Capital

Filed with the SEC to raise a fund in Jan 2026, closing $13M. Last cheque observed Sep 2016.

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Private equity Quiet New fund $13M, Jan 2026

Seed Series A Smart Grids Batteries Smartgrids

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 9 on record

Since the last cheque **3693** days **00** hrs **00** min **00** sec

Median round **$65M** Rounds led **0 of 9** Sole investor **9 rounds** Mostly in **United States, 50%**

Pitch Denham Capital

## Denham Capital highlights

- 01 9 rounds on record
- 02 Mostly Growth and Series A: 86% of its rounds
- 03 Sole investor in 9 rounds, median $104M

## What they do

> Denham Capital is an Energy and Resources Private Equity Firm From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Smart Grids Batteries Smartgrids
- **Based in:** Midland, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **9 appearances**

- **2016** 1 round
- **Sept** **[JDS Silver](https://millionrounds.com/company/jds-silver)** CA · FinSMEs **$65M** Sole investor
- **2015** 1 round
- **Sept** **[Jenner Renewables](https://millionrounds.com/company/jenner-renewables)** LU **Undisclosed** Sole investor
- **2013** 1 round
- **Jun** **[Endeavor Energy](https://millionrounds.com/company/endeavor-energy)** Growth · US · pehub.com **$100M** Sole investor
- **2011** 1 round
- **Jul** **[Tradition Midstream](https://millionrounds.com/company/tradition-midstream)** Growth · US · finsmes.com **$200M** Sole investor
- **2010** 1 round
- **Feb** **[Gradient Resources Inc.](https://millionrounds.com/company/gradient-resources-inc)** Growth · US · thealarmclock.com **$108M** Sole investor
- **2008** 4 rounds
- **Aug** **[CariSal](https://millionrounds.com/company/carisal)** Venture **$50M** Sole investor
- **Aug** **[VitAG Corporation](https://millionrounds.com/company/vitag-corporation)** Growth · US **$60M** Sole investor
- **Feb** **[Stormfisher Biogas](https://millionrounds.com/company/stormfisher-biogas)** Series A · CA · marketwire.com **$350M** Sole investor
- **Feb** **[Stormfisher Biogas](https://millionrounds.com/company/stormfisher-biogas)** Growth · CA **$350M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **12 named**

AT **Anthony Thomas Fiore** Chief Compliance Officer of Denham Capital Management LP i Form ADV

CJ **Carl John Tricoli** Managing Partner of Denham Capital Management LP i Form ADV

GP **General Partner Denham International Power GPLP SCSp** General Partner i Filing they signed

HB **Habiba Boughaba** Manager i Filing they signed

JC **John Collins** Managing Director of Managing GP i Filing they signed

JM **Jordan Marye** Member and Managing Director of the Top GP i Filing they signed

JT **Justin T. DeAngelis** Managing Director of the Top GP i Filing they signed

PW **Paul Winters** Member and Managing Director of Top GP i Filing they signed

SG **Scott George Mackin** Managing Partner of Denham Capital Management LP i Form ADV

SD **Stuart Denham Porter** Chief Executive Officer of Denham Capital Management LP i Form ADV

TF **Tony Fiore** Chief Legal Officer of the Investment Manager i Filing they signed

WJ **Wallace John Varga** Chief Financial Officer of Denham Capital Management LP i Form ADV

We also hold **31** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$5.3B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Denham Capital Management LP
- **SEC number:** CRD 156605

Funds on its Form ADV

**10** private funds, **$4.2B** in gross assets · filed Oct 2024

Hedge **8** Co-investment vehicle **1** Spv **1**

- Denham Commodity Partners Fund VI L.P. *Hedge* 257 investors $1.7B
- Denham Mining Fund L.P. *Hedge* 31 investors $849M
- Denham Commodity Partners Fund V L.P. *Hedge* 175 investors $562M
- RIO Energy Investment Holdings LLC *Co-investment vehicle* 12 investors $266M
- Denham International Power SCSP *Hedge* 24 investors $263M
- Denham IV Continuation Fund L.P. *Hedge* 70 investors $143M
- Denham Commodity Partners Fund VI-A L.P. *Hedge* 35 investors $135M
- Denham Sustainable Infrastructure Fund II L.P. *Hedge* 4 investors $130M
- DCPF VI OIL and GAS Coinvestment Fund L.P. *Hedge* 54 investors $121M
- Pembroke Resources Preferred Holdings LLC *Spv* 4 investors $46M

Who backs their funds

## 1 LP on record in Denham Capital's funds

- **Committed:** $300M
- **Funds:** 2
- **Vintages:** 2012 to 2013

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Mar 2026.

- [**Washington State Investment Board** 2 funds *$300M*](https://millionrounds.com/fund/washington-state-investment-board) Fund Vintage Committed DCPF VI Oil and Gas Coinvestment Fund 2013 $100M Denham Commodity Partners Fund VI 2012 $200M

## What they claim to have backed

From their own portfolio page (on their website)

**2** of 16 we have independently watched raise

[Endeavor-energy](https://millionrounds.com/company/endeavor-energy)[Serraverde](https://millionrounds.com/company/serra-verde) Biothermenergy Caminocorp Ceibaenergy Frv Grayoakpower Greenleaf-power Incoa Jumpingjackrabbit Neothemis Nexifenergy Pembrokeresources Roamcharging Santiagometals Virtuepower

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$13M**

raised in Jan 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A

Median round joined **$65M** the round, not its cheque Alone, median **$104M**

Led 0 of 9 rounds **0%**

- **Sole investor:** 9 rounds
- **Last cheque:** Sept 2016

Rounds by stage said on their site

- Growth *5*
- Series A said *1*
- Venture *1*
- Seed said *-*

Cheques by year Led Joined

2008 2016

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## Quick answers about Denham Capital

### What does Denham Capital invest in?

Denham Capital invests most often at Growth and Series A (86% of the rounds on record), in sectors such as Smart Grids, Batteries and Smartgrids.

### How active is Denham Capital?

9 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2016.

### What has Denham Capital invested in recently?

Its most recent investments on record: JDS Silver (Undisclosed round, Sept 2016).

### How big are Denham Capital's cheques?

The median round it joins is $65M.

### Does Denham Capital lead rounds?

Rarely, if at all: none of its 9 investments on record names it as the lead.

### Where does Denham Capital invest?

Most of the companies it backs are in the United States (50%), Canada (38%) and Luxembourg (13%).

### Is Denham Capital investing now?

No investments in the last 12 months; the latest was in Sept 2016.

### What kind of investor is Denham Capital?

Denham Capital is a private equity firm based in Midland, United States.

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