The Firm
Where capital meets governments and industry.
Managing PartnerThomas Tougaard, M.Eng., MBA
Thomas directs investment strategy for corporations, governments, venture and growth-equity funds, and multi-billion-dollar family offices, with a focus on cross-border transactions where capital, technology, and policy intersect. Before founding HQ.Partners, he served as Investment Manager and Energy Advisor at the Ministry of Foreign Affairs of Denmark in Houston, covering renewables and Power-to-X. He has attracted more than €2 billion in foreign direct investment and raised more than €250 million in equity for scaling companies. He is the founder of the Global CleanTech Forum in Davos, the co-founder of Calden Private Markets, and moderates and speaks at leading capital and energy forums worldwide.
1 Record of the Managing Partner, including his years with the Ministry of Foreign Affairs of Denmark. Basis on request.
Ministry of Foreign Affairs of Denmark
Instituted for Davos 2027
The Annual Address
Each January, one speaker and one idea about where capital, technology and policy meet. Delivered in Davos before the Forum's guests, filmed, and published here in full.
- First Address
- Davos · January 2027
- Speaker
- Announced first to registered guests
- Published
- The film and the full text, here
Founding Co-Host · Davos 2027
The neo investment bank for private markets.
Growth-equity primaries and secondaries, close to the GPs and holders who own the positions and to the LPs and buyers who want them.