Why we exist
The demand for carbon removal and reduction is growing rapidly, driven by companies, institutions and governments prioritizing climate action. Yet scaling the carbon removal industry to meet demand may require up to $1.6 trillion in investment by 2030 to meet 2050 net zero targets (McKinsey & Company, 2023).
Terra Natural Capital was founded to bridge this gap, providing long-term infrastructure-style capital that is unlocking private sector investment into large-scale projects centered around carbon removal and reduction, ecosystem restoration, and community impact. We are driven by a mission to set investment precedents that will underpin nature as its own asset class.
Our approach
We provide differentiated long-term capital solutions that service carbon project developers looking to scale their projects and institutions seeking to secure carbon and impact outcomes.
We leverage lessons from analogous early markets while bringing new tools that address the challenges and leverage the opportunities of structuring investment into nature.

Our leadership team
Our team specialises in providing long-term capital to climate-related industries.
With decades of expertise, focused on investing in decarbonisation markets during critical transitional periods.

Stephen Gill
Stephen Gill
Stephen has over 15 years of experience in decarbonization investments, including building one of the world’s largest independent cobalt suppliers, structuring the first lithium project debt financings, and developing commodity trading platforms. Previously, he was a Managing Partner at a leading private equity firm, as well as a Senior Consultant advising on natural resource transactions, regulation, and environmental performance.

ERICA VERTEFEUILLE
ERICA VERTEFEUILLE
Erica has over a decade of experience in energy transition and niche commodity investments. She originated and led carbon investment strategy, managing structuring, trading, and sales. Previously, she was a Vice President at a leading private equity firm, as well as worked with a leading global investment banking team.
Our experience
- 25+ years of principal private equity investing across climate strategies.
- Significant capital deployed directly and indirectly into transitional and nascent markets linked to decarbonization.
- Deep expertise in real asset investing across the Global South and OECD geographies.
- Industry-first project financing facilities in carbon removal, lithium, cobalt and rare earth minerals supply structured to protect against market uncertainties.
How it works
Our approach is driven by collaboration between carbon purchasers, investors, and project developers to unlock the impact and potential of nature as an asset class.
Here’s how we partner with and service each group:
- Carbon Purchasers – We provide the capital required to access long-term, sustainable procurement of high-quality carbon and biodiversity outcomes. Helping institutions, companies, and governments meet their sustainability goals with reduced financial risk.
- Investors – We provide our investors access to differentiated carbon and natural capital investment opportunities, capturing value while mitigating risks in a market primed for growth.
- Project Developers – We support developers with long-term, flexible funding and strategic partnership to bring high-quality carbon projects to scale.