Welcome to Carnot Capital

We established Carnot Capital AG in July 2007 in Zurich and launched the Carnot Efficient Energy equity fund in November 2007. Carnot Efficient Energy is a value fund with a focus on energy and energy efficiency.

Carnot Efficient Energy invests in listed stocks which benefit from increasingly scarce energy resources. Utility, building technology, industry and transportation sectors are considered to be among the main beneficiaries of high energy prices. Target companies feature long-term, structural growth opportunities that are not, however, reflected in current valuations.

The management team, Rolf Helbling and Andres Gujan, has more than 30 years experience in fund and portfolio management as well as financial analysis. The financial knowledge is supplemented by the skills and knowledge of the industrial partners at AIL Structured Finance (project financing) as well as an advisory board with proven leaders from the target sectors.

The name Carnot Capital refers to the French physicist Nicolas Léonard Sadi Carnot (1796 - 1834) who was able to calculate the maximum physical efficiency of a thermal engine. Improving energy efficiency is nothing more than increasing the level of efficiency when converting primary energy to useable energy. To a certain extent, we relate maximizing the degree of efficiency to our investment activities as well: Applying strict risk-return criteria. Which is why our creed is: Investments featuring a maximum degree of efficiency.