What we’re looking for

We like ambitious Impact/ESG focused managers that generate commercial returns

We seek returns equivalent to the gross returns of your fund

We will look with you at your sources of income

e.g. management fee, GP commit and carry (in future or existing funds) and together find a combination that works

We value your income streams by applying the least discount to the most certain sources of income

e.g. management fee, and the greatest discount to the least certain e.g. carry

RETURNS FROM GP AND COMMIT AND CARRY

If an emerging manager needs to retain as much management fee as possible, we could structure the investment return from portions of Carry and GP commit from several funds

RETURNS FROM EQUITY

If a mature manager has excess management fees and wants to sell a minority equity stake e.g. from a retiring partner, we could be buyers​

RETURNS FROM FUTURE AND PRIOR FUNDS

If an LP in your first fund needed to sell its stake, and you needed an anchor investor in your next fund, we could do a stapled secondary