What we do
We do three things.
Each one on its own is useful. Together they are a capital market: money that can move, data that can price, and demand that can pull.
Deal team with capital
Structures and funds the projects that put lower-carbon concrete in the ground.
How we investMarket data
The Concrete Terminal: plant, mix and price data across the cement-to-concrete supply chain to underwrite how and where materials move.
Open the TerminalMarket alignment
Brings together producers, buyers and policy to create the pull for lower-carbon concrete.
How we align the marketA capital market for lower-carbon concrete
We structure and fund the projects.
Low-emission cement and concrete plants are too large and slow for venture capital, and too novel for conventional project finance. We build the capital structure that sits in between, and we run the deal ourselves: origination, technical diligence, structuring, close and monitoring.
How a deal runs
The same team does all four.
In concrete you cannot hand a project between an originator, an analyst and an asset manager and expect it to survive.
The Concrete Terminal.
A digital twin of the cement-to-concrete supply chain, so the market can keep everything it values about concrete and eliminate the carbon.
Plant, mix and price data across every link from kiln to jobsite, priced across 31 countries and every cement plant on earth. If you cannot measure it, you cannot underwrite it.
Keep three. Eliminate the carbon.
3,630
Global cement plants
31
Countries priced
186
Import trade routes
14,300+
Ready-mix plants mapped
70,000+
EPDs connected
We create the pull.
Producers will not build capacity without demand. Buyers will not commit without supply. Policymakers are nervous to tighten GHG limits without seeing both. The Terminal helps all three see the whole system, so they know what each needs to do to unlock the others’ decarbonization.
Producers
Cement makers, ready-mix operators and novel SCM and ACM producers who need firm, forward demand before they will invest in capacity.
Buyers
Developers, contractors and corporate buyers who need supply they can specify, source locally and defend on cost.
Policy
Economic data cities, states and agencies use to write rules that the local supply chain can actually meet without a price shock.
Concrete Ideas
Our thoughts on the market.
What actually blocks low-emission projects from becoming bankable, and the contracts, data and counterparties that unlock scale. Written for the people who have to sign something.
Six months of published research behind the three things we do, in the open, with the arguments and the numbers we are working from.
Where do you sit?
The three things meet the market in different places. Find yours.
Low-carbon solution
Scaling a material or technology from pilot to commercial deployment.
Agency or municipality
Writing procurement policy your local supply chain can actually meet.
Contractor, developer or tenant
Navigating Buy Clean mandates and embodied carbon targets.
Philanthropy
Catalytic capital placed where it has the highest multiplier.
Capital partner
Deploying into the industrial transition with sector-grade underwriting.
Somewhere else?
Tell us where you sit in the supply chain.
Get in touchWhy we only do concrete.
Most climate investing follows a generalist playbook: find technologies, write checks, wait for adoption. Concrete does not work like that. It is a localized, highly regulated liability product, and generalist capital underestimates execution risk. Specialization is not a limitation here. It is the strategy.
One team, three things.
Operators, investors and market builders. The same people structure the capital, build the Terminal and sit in the room with producers, buyers and agencies, because in concrete you cannot outsource any of the three.
Genevieve Sherman
CEO
A recognized leader in sustainable finance product and market design, with a proven track record of launching and scaling impactful businesses. 2023 ACEEE Champion of Energy Efficiency.
Miles Haladay
CMO
A recognized leader in sustainable development, known for his deep expertise in concrete, construction, technology, finance, and carbon markets. His multidisciplinary approach is shaping the transition to low-emission concrete.
Jennifer Louie
Investment Committee (External)
Investment professional with deep expertise across private markets and corporate finance, with global experience leading U.S. and emerging market debt portfolios.
FJ Selosse
Credit & Investments
Experienced investor across debt, real assets, infrastructure, private equity, derivatives, public equities, and venture — bringing 8+ years of impact and sustainability focus.
Wesley Garner
Credit & Investments
Climate tech credit analyst focused on hard-to-abate sectors, with transaction experience across federal agencies and Fortune 500 counterparties.
