Investment Process
Our Investment Philosophy
Invest in capabilities and culture
The gap in capabilities is one of the primary barriers to action for LPs and GPs today. Installing champions with the right multi-stakeholder experience to straddle both the traditional investment and the sustainability worlds can be a vital first step in building institutional capabilities.
Focus on a long-term plan
Developing capabilities and driving a cultural change to develop value. We take advantage of a greater time horizon along with flexibility in private markets and optimize for the long-term outcome, not just quick wins – for example, by embracing experimentation and lengthening holding periods.
Communicate the plan
Along with measurable milestones along the way: Given the lengthy time horizon required to see results at the asset and portfolio levels, communicating the long-term plan and progress towards it to all stakeholders is vital to securing and maintaining buy-in. Communicating progress requires both standardized metrics (to enable comparisons) and customized reporting (to accommodate the unique aspects of each investment). Asset-level transparency is critical, given that different assets have varying considerations and portfolios turn over approximately every five years.
Don’t just divest, transform
Divestment and sector rotation offer quick wins for a single investor, but they do not remove sustainability laggards from the global mix. As these assets continue to operate, the systemic risks they engender will ultimately affect returns across the market.
Collaborate to address key barriers
Addressing measurement challenges and establishing the right incentives cannot be accomplished in isolation. We will continue to collaborate to set standards and policies. An example is the current momentum and relative maturity of measures to combat climate change can provide a testing ground for action on these ecosystem challenges, providing templates for system-wide collaboration across a broader set of sustainability topics
Investment Criteria
Revenue – $5M – $25M
EBITDA – $0.5M – $2.5M
Geography -USA, North and South America, India
Investment Situations
- Founder looking to exit
- No longer a strategic fit for parent company
- Add-on opportunity
Investment Characteristics
We invest in sectors that intersect with the deep operational, technical and leadership experience of our team with our extensive network of industry relationships.
* Technology and technology services with deeply rooted customer relationships in:
* Healthcare
* Defense & Government
* Advanced machines / software (ML/AI)