Convent Capital
Convent Capital is an Amsterdam-based sustainability private equity firm that backs growth-stage food, agriculture, and blue-economy companies. Founded in 2011, it runs the EUR 138 million AgriFood Growth Fund, where its water bets live. As of 2026, (don't) Waste Water tracks 2 water companies across 2 deals.
Compiled by Antoine Walter, (don't) Waste Water, from official filings and direct intelligence in Leviathan.
The take
Convent Capital runs an unusual mandate for a firm that keeps turning up in water deals: roughly one fifth of its AgriFood Growth Fund is earmarked for the blue economy, the slice of sustainability that covers oceans, marine biodiversity, and the water that grows food. The fund is an agri-food investor first, and water is one expression of a thesis about feeding people without wrecking the planet's water in the process.
Convent Capital has been an Amsterdam impact investor since 2011, founded by Maarten Meijnen and Dirk Hoorn, and it works through two pockets of capital: a buy-out fund that takes controlling stakes in established small and mid-sized companies, and the growth-stage AgriFood Growth Fund that institutional money, including a EUR 35 million cheque from the European Investment Fund, pushed to a EUR 138 million third close. The European Investment Fund had never backed a growth-stage agri-food fund before this one, which tells you the strategy was novel enough to need a public-money anchor.
Convent Capital's water pattern is sustainable consumption rather than heavy infrastructure. It backed BE WTR, a Swiss B-Corp that installs on-site filtration so hotels and offices can stop trucking in single-use plastic bottles, and it backed Tidal Vision, which turns crab and shrimp shells into chitosan chemistries used to clean water and treat crops. (don't) Waste Water tracks just these 2 companies across 2 deals so far, the water-shaped corner of a much broader agri-food book.
What I find worth watching about Convent Capital is the angle. Most water investors I track chase pipes, membranes, and utilities; Convent comes at water through food and the ocean, which is where a surprising share of the world's fresh water is actually spent and wasted. If the AgriFood Growth Fund keeps spending its blue-economy budget, the firm's water footprint should grow from these first two names rather than stay a footnote.
Water Commitment Score
Compiled from official filings, third-party records, and direct intelligence from investors and founders, in Leviathan · recomputed monthly · as of Jun 2026.
How they invest
Portfolio · 2 water companies
Invests alongside
Highlighted = profiled on (don't) Waste Water.
Frequently asked
- What does Convent Capital invest in?
- Convent Capital invests in growth-stage and buy-out companies built around sustainability, concentrated in food, agriculture, and the blue economy. Within water, (don't) Waste Water tracks two holdings: BE WTR, a Swiss sustainable water-filtration company, and Tidal Vision, which makes chitosan chemistries for water treatment and agriculture.
- Is Convent Capital a water fund?
- Convent Capital is not a dedicated water fund. It is an Amsterdam sustainability investor whose AgriFood Growth Fund commits about 20 percent to the blue economy, which is where its water deals sit. Of its broader agri-food portfolio, (don't) Waste Water tracks two companies as water investments.
- Who runs Convent Capital?
- Convent Capital was founded in 2011 and is led by Co-CEOs Dirk Hoorn, the firm's Managing Partner, and Maarten Meijnen. Its investment team includes Agri and Food partners Stephen McLoughlin and Reynier Arendsen de Wolff, with Steven Bernaert as a Managing Director.
- How big is Convent Capital's AgriFood Growth Fund?
- Convent Capital's AgriFood Growth Fund reached a EUR 138 million third close in 2023, anchored by a EUR 35 million commitment from the European Investment Fund under InvestEU. Launched in 2022 with a EUR 150 million target, it backs sustainable food, agriculture, and blue-economy companies across Europe.
- Where is Convent Capital based?
- Convent Capital is headquartered in Amsterdam, in the Netherlands, in the Zuidas business district on Barbara Strozzilaan. Founded in 2011, the firm invests across Europe and has backed companies from Switzerland to Scotland through its sustainability and agri-food strategies.