Private equity firm

Industry Capital LLC

Compiled from public sources

Industry Capital LLC is a San Francisco-headquartered private equity asset manager, real assets developer, and general partner founded in 2003 by Founder and Managing Partner Norman Villarina. As a hands-on private equity general partner investing in essential real assets globally, the firm's core investment strategy focuses on developing, acquiring, and operating businesses across energy & infrastructure, financial services, real estate, and hospitality. In Sub-Saharan Africa and West Africa, Industry Capital targets energy distribution platforms, integrated utility models, and clean power generation assets to transform local energy systems. The general partner combines direct equity and project finance commitments with active operational management, utility partnerships, and sustainable community impact frameworks. The manager maintains its corporate headquarters in San Francisco, California, USA, alongside operational corporate offices in Houston, Texas, and London, United Kingdom.

Investment focus

Sectors
Energy and powerTechnologyReal estate and housingFinancial services
Stages and strategies
GrowthBuyout
Instruments
EquityDebt
Regions
Sub-Saharan Africa, Europe, Asia, Northern America

Sources

  1. Partner Researchers, accessed 14 November 2026