Renown Capital Partners, a newly launched investment platform focused on growth-stage technology businesses supporting the transformation of global energy systems, has officially spun out of Moore Capital Management.
The firm has secured $250m in anchor commitments, including $200m from Moore Capital and a further $50m from the Daily Mail and General Trust (DMGT).
Founded by James McIntyre, formerly of Moore Capital, Renown will target innovative companies enabling a more efficient, affordable, and resilient energy infrastructure.
McIntyre, who serves as Co-Founder, Chief Investment Officer, and Managing Partner, is joined by Managing Directors Hunter Horgan and Cameron Scari – long-time colleagues from his nearly two-decade tenure at Moore. Co-Founder Archie Soames leads business development.
Renown launches with a portfolio of six investments and recently led the $30m Series C round in Utilidata, a US-based AI company deploying edge computing solutions to modernise the electric grid.
Utilidata’s Karman platform, developed in collaboration with strategic investor NVIDIA, leverages distributed artificial intelligence to enhance the efficiency, security, and adaptability of global energy infrastructure.
