Capital markets access for natural capital.
AeonLoop advises governments and large institutions on the instruments, programs, and market infrastructure through which environmental assets reach institutional capital.
Structuring is what makes a market.
Describing a financial product as green tells an investor what it funds. It does not, on its own, create a market in the environmental benefit itself. Carbon credits, mitigation outcomes, and measured natural capital carry real value, but that value only becomes investable once it is wrapped in a structure an institution can price, custody, hold, and transfer under rules it already applies.
Orderly capital market formation for environmental assets requires something different: a novel assembly of non-novel parts, where the assembly is built around the specific requirements that make an asset liquid, tradable, and a durable store of value. That work is what turns an environmental product into an environmental asset, and it is what AeonLoop does.
- Measured outcomes
- Credits and units
- Project data
- Legal title
- Custody and settlement
- Sovereign authorization
- Risk allocation
- Measurement and reporting
- Liquid
- Tradable
- A store of value
We have four primary practice areas. They are complementary and cross-functional, allowing AeonLoop to treat the most complex engagements holistically, delivering unique insights and innovative solutions in environmental finance.
Published thinking

Exploiting polymorphism in carbon to manufacture its investability
Graphite and diamond are one element arranged differently. Carbon credits are polymorphic too, and the rules that set their form can make them investable.
Read the insightAeonLoop publishes its structural arguments in public rather than holding them as proprietary method. Current work includes No New Parts, a series on how environmental assets can be packaged in terms the capital markets already understand, and a working paper setting out the legal and financial architecture behind it.
A glossary of the terms and acronyms used across this work is also published here.
Read our insightsAeonLoop is an advisory firm working across a global portfolio of sovereign and institutional mandates.

Inventor of Sovereign Carbon Securities. Founder and former Chief Executive Officer of Laconic Infrastructure Partners Inc. Opening address, Singapore Carbon Market & Investor Forum; speaker at the Milken Institute Global Conference and TEDx. BA, University of Chicago.

Former Minister of Production of Peru. Former Managing Director of ProInversión, Peru's national investment promotion agency. Rear Admiral, Peruvian Navy (retired). MIT PhD; MPA, Harvard's Kennedy School of Government.
