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Positions originate with founders, early employees, and the investors who backed them first.

Warsaw 52.2297° N · Brussels 50.8503° N Scroll
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Coverage across the private growth landscape

/ Warsaw · Brussels /

Jakub P. Molski, Executive Chairman of Calden Private Markets

Executive Chairman

Jakub P. Molski

Warsaw

At Calden he chairs the investment committee.

Co-founder and Managing Director of Clean Valley Capital, which structures and deploys institutional capital into energy security, defense innovation, and resilient infrastructure. Close to twenty years in financial structuring and distressed investment across Europe, including leadership roles at AEDC Capital and Hoist Kredit, working on post-crisis banking restructurings. ESCP Business School.

Thomas Wibe Tougaard, Managing Director of Calden Private Markets

Managing Director

Thomas Wibe Tougaard

Houston · Warsaw

At Calden he leads origination and execution.

Founder and Managing Partner of HQ.Partners, a principal investment firm active across primaries and secondaries, growth equity, and energy and commodities, in AI, robotics, datacenters, and the power behind them. Previously Investment Manager and Energy Advisor at the Danish Ministry of Foreign Affairs, has attracted over $2bn in foreign direct investment and raised more than $250m in growth equity, and founded the Global CleanTech Forum in Davos. M.Eng., MBA.

Paul Walentynowicz, Principal of Calden Private Markets

Principal

Paul Walentynowicz

Brussels

At Calden he works from Brussels, where European capital and defense policy sit in the same square mile.

Co-founder and Managing Director of Clean Valley Capital, where he arranges institutional investment into energy security, defense innovation, and resilient infrastructure. Specializes in M&A and complex cross-border transactions, and has secured advisory mandates across infrastructure in Poland and Western Europe. Previously Chief Operating Officer of NOAH ReGen.

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