Managing partner Jane Woodward characterizes this shift as "Cleantech 2.0," moving away from traditional green investments toward companies that improve profitability and mitigate risk in sectors like AI-driven power demand and domestic supply chains. The firm argues that these entities are fundamentally better businesses that happen to operate within the clean economy.

Fund II utilizes a dual-track strategy, allocating two-thirds of its capital to a select group of U.S. early-stage funds and reserving the remaining third for direct co-investments. This approach aims to provide exposure to more than 250 companies. The portfolio already includes commitments across geothermal energy, robotics, critical minerals, and orchestration software. The firm maintains a loyal investor base, with institutions like The Pennsylvania State University, Glenmede, and the J.M. Huber Corporation backing the latest vehicle.