Concrete Transition Capital, LLC

Concrete Transition Capital (CTC) is a catalytic impact investment platform working to decarbonize the cement and concrete industry.

Concrete is the second most produced material on earth after water, and it is responsible for roughly 8% of global CO₂ emissions. Unfortunately, it is also the most underfunded industrial sectors in climate finance. Many promising low-emission cement and concrete (“LECC”) technologies exist but remain undeveloped due to lack of affordable debt capital, credible market data, and standardized underwriting frameworks, among many factors.

Through a "Deal Concierge" model, CTC works across the value chain — connecting technology developers, concrete producers, corporate offtakers, and capital providers — to structure investable transactions and accelerate the pathway to commercial scale.

Venn’s PRI will provide early, below-market, risk-tolerant capital to CTC to help build the internal capacity, diligence systems, and deal pipeline necessary to launch CTC’s first $150 million catalytic debt fund.  CTC’s fund will anchor a multi-investor, blended-capital strategy to finance the expansion of innovative LECC materials production with the goal of reducing CO₂ emissions by an estimated 1.3 million tons annually.  Acting in strategic coordination with philanthropic concessionary capital, CTC’s fund aims to catalyze and crowd in $350 million from market-rate equity investors and $250-300 million in senior, commercial debt capital for promising LECC projects. 

CTC team on site at a LECC facility

Recipient Name:  Concrete Transition Capital
Corporate Form:  Delaware LLC
Leadership: Genevieve Sherman and Miles Haladay 
Investment Sought:  $250,000-$2,000,000
Amount Raised to Date: $250,000

Overview of Investment Terms:

  • 5-Year, Unsecured, Subordinate Loan

  • Each year, CTC will pay 5% of its Revenue until the sum of those payments reach a total of 1.3x the initial principal (the "Cumulative Payment Amount").

  • When the Cumulative Payment Amount has been repaid, the note will be considered fully repaid.

  • If by the end of the fifth year the Cumulative Payment Amount has not been fully paid, CTC will owe the Cumulative Payment Amount less any payments made.

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