
Bringing Patient Capital to the Technologies, Projects and Companies Creating a
Sustainable World

PATIENT CAPITAL FOR THE MISSING MIDDLE
Australia is a world leader in innovation and is deeply committed to supporting early stage innovation. But in the clean economy there is often a long and capital intensive gap between early stage, proven technology and its deployment at utility scale.
This gap is best described as the Missing Middle of transition finance. This is where many promising solutions stall—not because they lack merit, but because they do not fit existing investment structures which were designed for different times. Australia funds research, pilots and early demonstrations very well, through both private and public means, and it attracts capital once projects are fully de-risked and utility-scale.
What remains largely unaddressed is the long, capital-intensive growth phase in between: where technologies have been proven, but business models, supply chains and deployment pathways are not yet mature enough for conventional project finance or infrastructure mandates.
(Image: Toora Windfarm, Gunaikurnai Country)
What We Do
We are an Australian based funds manager. We work with businesses developing projects, technologies, products and services which positively contribute to a sustainable global society and environment, referencing in particular the United Nations 2030 agenda for sustainable development and its Sustainable Development Goals (SDGs).
Through our first-of-a-kind New Industries Fund we invest in growth stage companies in Australia and
Aotearoa New Zealand that are making a significant contribution to sustainability across the themes of Energy, Water and Waste.

Image: Bunurung Country (AxleTree Capital)
OUR APPROACH
Through our lifecycle approach to investment and alignment with Global Megatrends, we offer institutional investors opportunities to:
Reduce costs by avoiding unnecessary portfolio churn, matching fund structure to strategy
Access a broader range of opportunities to invest at scale in the sustainability thematic
Value and diversification benefits available to patient investors in unlisted growth assets
AXLETREE NEW INDUSTRIES FUND
Scaling the clean‑economy transition.
An evergreen growth‑stage fund investing in energy transition, water and climate resilience, waste and circularity, and the industries where sustainability and commercial performance converge. Designed for long‑term investors seeking exposure to unlisted growth assets, active ownership, and measurable impact.










