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Industrial Infrastructure · Private Equity · National Security

Building
America's
Industrial
Foundation

Mission-critical infrastructure for U.S. energy, AI, and defense superiority. Pre-FID capital for the projects that cannot wait.

$10B+
Executed Projects
43
U.S. States
80+
Fortune 1000 Clients
$6–10B
Fund I Target
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About the Firm

An operator-investor model built for industrial complexity

Harvest Industrial Capital is a private equity firm that deploys capital into development-stage industrial infrastructure across the United States — at the precise stage where complexity is highest, capital is scarcest, and value creation potential is greatest.

We do not acquire operational assets at auction. We originate, develop, and de-risk projects before institutional capital enters — securing government incentives, navigating permitting, and aligning political and regulatory conditions. Our team has executed this model across $10 billion in projects, serving more than 80 Fortune 1000 companies across 43 states.

Fund I, L.P. is a $6 billion to $10 billion closed-end vehicle targeting 8 to 12 high-conviction investments across seven strategic sectors — energy, advanced manufacturing, food processing, critical materials, AI infrastructure, the defense industrial base, and strategic adjacent infrastructure. We invest pre-Final Investment Decision, at the stage where our execution capability creates the most durable value, and exclusively in assets aligned with federal industrial-base priorities under the April 2026 Defense Production Act Section 303 Presidential Determinations.

Pre-FID Entry
We invest at the development stage — before traditional capital can participate and before assets are priced for their full potential.
Incentive Alpha
Our 20+ year track record shows a 9x advantage in incentive capture versus the industry average — approximately $13M secured per $100M of capital deployed, against an industry norm near $1.5M.
Political De-Risking
Former state commissioners and senior government officials on our team convert the market's most mispriced risk into a repeatable competitive advantage.
Multiple Inflections
Value is captured across the full project lifecycle — at FID, project finance, construction completion, and operational stabilization.
$6B–$10B
Fund I Target Raise
Mid-20s%
Target Net IRR
4.6x
Target Net MOIC
Base Case
8.0%
Preferred Return
Compounded Annually
12 Yrs
Fund Life · 5-Year
Investment Period
8–12
Portfolio Investments
"We do not compete in intermediated auction processes. Every investment originates through proprietary channels — relationships built over decades at the intersection of government, industry, and capital markets."
Investment Strategy

We manufacture value through execution, not financial engineering

Harvest's return model is built on five compounding mechanisms: pre-FID entry at a material discount, political and regulatory de-risking, incentive alpha, valuation step-up at FID, and exit into infrastructure-grade multiples. The result is a return profile that is structurally differentiated from both traditional private equity and core infrastructure.


Every investment intersects with the national imperative to reshore, strengthen, and expand America's industrial base. The strategy is anchored in the April 2026 Defense Production Act Section 303 Presidential Determinations and the broader federal industrial-base policy framework — addressing sovereign supply-chain security, AI and compute infrastructure resilience, and defense industrial base capacity at a moment of acute foreign supply-chain disruption.

01 — Entry
Pre-FID Investment
We invest at the development stage — before permitted assets can be financed. At this stage, complexity creates a pricing inefficiency that experienced operators can systematically exploit.
02 — De-Risk
Political & Incentive Execution
Our team actively drives project de-risking — government alignment, permitting, and incentive structuring. Our 20+ year track record demonstrates a 9x advantage in incentive capture versus the typical industrial sponsor.
03 — Inflect
FID & Project Finance
At Final Investment Decision, the asset re-prices materially as the buyer universe expands. Infrastructure capital enters. A second re-pricing occurs at construction completion and operational stabilization.
04 — Exit
Strategic Sale or Yield
We retain the ability to exit at infrastructure-grade multiples or hold for long-term yield. Optionality protects LPs from forced exits at suboptimal timing.
05 — Co-Invest
LP Co-Investment Program
Eligible LPs may participate alongside the Fund at deal-level SPVs — zero management fee, 10% carry — at any stage from pre-FID through operational. Multiple entry points across the risk-return spectrum.
06 — Impact
National Strategic Value
Every Fund I investment strengthens domestic energy security, defense industrial capacity, food security, or supply chain resilience. Financial returns and national strategic outcomes are one and the same.
Energy & Energy Infrastructure
Power generation, gas processing, biofuels, renewable energy infrastructure, and enabling transmission and storage assets.
Advanced Manufacturing
Domestic production capacity in sectors critical to U.S. supply chain resilience and defense industrial base strength.
Food Processing & Agro-Industrial
Large-scale food processing, agricultural value-add, and rural industrial infrastructure reducing domestic food supply chain concentration risk.
Critical Materials
Rare earth processing, specialty metals, and advanced materials supply chains essential to domestic defense and technology sectors.
AI Infrastructure & Hyperscale
Hyperscale data center infrastructure, grid-resilient backup power for AI compute facilities, and the specialty inputs underpinning American compute dominance.
Defense Industrial Base
Tier-2 defense suppliers, dual-use industrial assets, defense materials production, and surge-capacity infrastructure supporting platform readiness.
Strategic Industrial Infrastructure
Specialty fuels, defense logistics, ports, storage, and enabling infrastructure for domestic manufacturing and supply chain deployment at scale.
Management Fee
2.0% / 1.25%
Investment Period / Post-IP on net invested capital. 75% of project fees offset against management fee.
Carried Interest
25% / 30%
Base carry / Super carry above 3.0x net MOIC. European whole-of-fund waterfall.
Preferred Return
8.0%
Per annum, compounded annually from the date of each capital contribution.
GP Commitment
2% Min.
Approximately $120M on a $6B fund. GP invests alongside LPs in every deal.
Managing Partners

Four principals. Cabinet-level origination meets decades of industrial execution.



JT
Josh Teigen
Managing Partner
Deal Origination & Investment · IC Chair
Josh leads deal origination, government strategy, and investment decision-making as Chair of the Investment Committee. His tenure in government produced one of the most substantial records of industrial investment origination in the country.
Former North Dakota Commissioner of Commerce & Cabinet Member
Grew ND industrial investment pipeline from $2B to $60B+
Direct relationships across federal agencies, DOE, and Department of War programs
KP
Kyle Peters
Managing Partner
Investor Relations & External Affairs
Kyle leads all investor relations, LP communications, the co-investment program, and external affairs for the firm. He brings institutional capital markets experience and LP relationships across sovereign wealth funds, public pension plans, and family offices, with dedicated coverage of the industrial and infrastructure investor community.
Institutional capital formation and LP coverage
Relationships across sovereign wealth, pensions, and family offices
Co-investment program design and LP communications leadership
WB
Wes Bowen, Esq.
Senior Partner
Capital Markets & Transactions · CCO
Wes leads capital markets activity, project finance execution, legal structuring, and transaction management for the firm. An attorney and CPA, he also serves as Chief Compliance Officer, overseeing the firm's regulatory program, Code of Ethics, and compliance infrastructure.
Attorney and CPA — 20+ years of industrial finance and transaction structuring
Defense industrial base regulatory expertise — CFIUS, FOCI, federal procurement
Chief Compliance Officer — Advisers Act regulatory program
RW
Rudy Watkins
Senior Partner
Value Creation & Portfolio Operations
Rudy leads active value creation and portfolio operations, overseeing development execution across all portfolio investments from commitment through FID and construction. His 20+ year track record spans incentive negotiation and operational management of large-scale industrial programs for Fortune 1000 companies.
20+ years executing complex industrial development programs
Core architect of the firm's 9x incentive capture methodology
State economic development relationships across 43 states
Why Now

A narrow window created by four convergent forces

The opportunity for differentiated industrial returns is defined by a convergence that did not exist twelve months ago. Federal policy, sovereign capital, an acute supply-chain crisis, and a structural gap in private capital have aligned to create a moment that rewards the specific capabilities Harvest was built to deploy.

01 — Policy
Federal Industrial Mandate
The April 2026 Defense Production Act Section 303 Presidential Determinations establish formal federal authority for capital deployment into natural gas, energy infrastructure, and adjacent industrial categories — the heart of Harvest's mandate.
02 — Capital
Sovereign Capital Activation
Federal sovereign capital authorities are now active at scale, and the Department of Energy's Energy Dominance Finance Committee is engaging on industrial projects — making federal capital structurally available for pre-FID infrastructure for the first time in a generation.
03 — Crisis
Live Supply-Chain Disruption
Foreign concentration in critical industrial inputs — exposed acutely by recent disruptions to overseas supply and shipping — has made domestic capacity a national security imperative rather than a commercial preference.
04 — Gap
Institutional Capital Gap
Conventional private equity does not effectively serve pre-FID industrial infrastructure, and project finance enters only at FID. The most catalytic stage of the capital lifecycle remains structurally underserved — and is precisely where Harvest operates.
Harvest comes to market with an active, proprietary pipeline of opportunities aligned to its mandate — sourced through relationships built over decades at the intersection of government, industry, and capital markets. Detailed pipeline materials are available to qualified investors under NDA.
Investor Data Room

Comprehensive diligence materials for qualified investors

The Harvest Industrial Capital Fund I data room is available to qualified institutional investors upon execution of a non-disclosure agreement. Access is tiered based on LP qualification status and diligence stage.

Fund Terms & Legal Documents
Investor presentation, completed due diligence questionnaire, investment thesis, fund terms summary, LPA draft, subscription agreement, and side letter template.
Live Pipeline & Case Studies
Pipeline overviews and representative opportunity profiles aligned to the Fund's mandate, including strategic rationale and structure. Available to qualified prospects under NDA.
Financial Models & Return Analysis
Return attribution summary, fund financial model, waterfall mechanics, and scenario analysis.
Team & Track Record
Managing partner biographies, CVs, and independently verified $10B+ project track record.
Governance & Compliance
Compliance manual, valuation policy, cybersecurity policy, investment policy statement, and IC charter.
National Security & Federal Alignment
DPA Section 303 policy framework, national security impact framework, defense supply chain narrative, and federal alignment documentation. Available to anchor LP prospects under separate terms.
Request Access
Complete the form below. A member of our investor relations team will respond within one business day to arrange NDA execution and data room access.
This form is for qualified institutional investors only. Submission does not constitute an offer to sell or solicitation to buy any security. All materials are subject to a confidentiality agreement. Harvest Industrial Capital, LLC reserves the right to decline any access request.
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For urgent inquiries, please contact Kyle Peters directly at
(901) 818-5581
Contact

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Investor Relations
Kyle Peters, Managing Partner
(901) 818-5581
Principal Office
3024 Centre Oak Way
Germantown, Tennessee 38138
Main Line
(901) 818-5581
Data Room
Available upon NDA execution.
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