PERSON: Tom Steyer

Galvanize Climate Solutions LLC

Co-Executive Chair

Thomas Fahr Steyer (/ˈstaɪ.ər/; born June 27, 1957) is an American climate investor, businessman, hedge fund manager, philanthropist, environmentalist, and liberal activist. Steyer is the co-founder and co-chair of Galvanize Climate Solutions, founder and former co-senior-managing-partner of Farallon Capital and the co-founder of OneCalifornia Bank, which became (through merger) Beneficial State Bank, an Oakland-based community development bank. Farallon Capital manages $20 billion in capital for institutions and high-net-worth individuals. The firm’s institutional investors include college endowments and foundations. Steyer served on the board of trustees at Stanford University from 2007 to 2017. Since 1986, he has been a partner and member of the executive committee at Hellman & Friedman, a San Francisco–based private equity firm.

In 2010, Steyer and his wife signed The Giving Pledge to donate half of their fortune to charity during their lifetime. In 2012, he sold his stake in and retired from Farallon Capital. Switching his focus to politics and the environment, he launched NextGen America, a nonprofit organization that supports progressive positions on climate change, immigration, health care, and education.

Steyer sought the Democratic nomination for president in 2020, but dropped out of the race after the first four state contests, having spent more than $191 million on campaign advertising but failing to obtain any pledged delegates.

In 2021, Steyer co-founded Galvanize Climate Solutions with Katie Hall, his longtime friend and business partner. Galvanize is a climate-focused, global investment firm.

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