32 Degrees Capital

General contacts

Investor type

Founded

2004

AUM

$190 M

Location

Calgary, Alberta, Canada

Investment Ticket

$10-50 m

Investment Stage

Series A Series B

Region of investment

North America

Investor profile last updated: 10 August, 2026

Profile

32 Degrees Capital is a private equity firm focused on the oil and gas industry, based in Calgary, Canada. Established in 2004 by founders Larry G. Evans and Mitch Putnam, both with extensive backgrounds in energy company leadership and exploration, the firm brings together a team with strong operational, technical, and financial expertise. Despite having decided against raising new funds, their efforts have placed them as an influential player in Calgary's investment community, supported by deep industry knowledge and strategic partnerships.

The firm invests in early-stage oil and gas companies, leveraging their technical expertise for due diligence and operational oversight. With $275 million raised historically and currently managing two active funds with a combined $190 million in committed capital, they focus exclusively on the North American region. Their portfolio includes names like Glacier Energy Ltd., Ice Energy Ltd., Avalanche Energy Ltd., Artis Exploration Ltd., and Vertex Resource Group Ltd.

Notable investments include companies such as Canamax Energy Ltd., Summerland Energy Inc., Karve Energy Inc., and Rising Star Resources Ltd., where they apply their strategic oversight to drive growth. Their specialized attention to the energy sector sets them apart as a knowledgeable and experienced partner in the industry.

Industry

Oil and Gas Industrial Business Services (B2B) CleanTech Energy

Contacts

Name

Title

Social Networks

Larry G. Evans Founder & Managing Partner

Founder & Managing Partner

l•••@•••

Trent Baker Managing Partner

Managing Partner

t•••@•••

Upgrade to see contacts

kizg86rT1sZ3mcof kizg86rT1sZ3mcof

kizg86rT1sZ3mcof

[email protected]

kizg86rT1sZ3mcof kizg86rT1sZ3mcof

kizg86rT1sZ3mcof

[email protected]

kizg86rT1sZ3mcof kizg86rT1sZ3mcof

kizg86rT1sZ3mcof

[email protected]

Investment-team contacts for 32 Degrees Capital — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
Instant access on the web. Plans from $129/month — see pricing.

Contacts sourced from the firm's website and LinkedIn, re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

FAQs about 32 Degrees Capital

Is 32 Degrees Capital a venture capital or private equity firm?

32 Degrees Capital is a private equity firm. It backs companies at Series A and Series B, writing tickets of $10-50 m.

Where is 32 Degrees Capital located?

32 Degrees Capital is located in Calgary, Alberta, Canada.

When was 32 Degrees Capital founded?

32 Degrees Capital was founded in 2004.

What sectors and industries does 32 Degrees Capital invest in?

32 Degrees Capital invests in companies and startups in Oil and Gas, Industrial, Business Services (B2B), CleanTech, Energy.

What is 32 Degrees Capital geographical focus of investments?

32 Degrees Capital invests in companies and startups in North America.

At what stages of companies and startups does 32 Degrees Capital typically invest in?

32 Degrees Capital invests in companies and startups at Series A, Series B.

What is the usual amount of 32 Degrees Capital investment?

32 Degrees Capital usually invests $10-50 m on average.

What is the amount of assets of under management (AUM) for 32 Degrees Capital?

32 Degrees Capital has around $190m assets under management.

What are the contacts of 32 Degrees Capital?

32 Degrees Capital can be reached through its website 32degrees.ca and its LinkedIn page. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for 32 Degrees Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

Can I access 32 Degrees Capital data via API or MCP?

Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query 32 Degrees Capital directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.

When was the 32 Degrees Capital profile last updated?

Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 10 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.