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Capital Allocators – Inside the Institutional Investment Industry

Sustainable Investing 4: Emanuel Citron – Sourcing Sustainable Managers (Capital Allocators, EP.142)

Capital Allocators – Inside the Institutional Investment Industry

Ted Seides – Allocator and Asset Management Expert

Business, Investing

4.7841 Ratings

🗓️ 18 June 2020

⏱️ 49 minutes

🧾️ Download transcript

Summary

Manny Citron is Managing Partner at Volery Capital, a private equity firm he co-founded in 2017 to invest in asset management businesses and companies that generate positive social and environmental impact. Manny and his team have canvassed a landscape of over one thousand sustainable investing focused funds and shares a glimpse of what that research discovered.

We discuss Manny's path to founding Volery, mapping the universe of impact managers, identifying attractive manager characteristics and thematic opportunities, conducting due diligence, measuring impact, and adding value to portfolio companies. We then turn to investor interest in the space, risks, Volery's backing of Renewable Resources Group, and the future of impact investing.

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Transcript

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0:00.0

Capital Allocators is brought to you by Ten East, an investment platform for sophisticated investors to access private markets.

0:10.5

Ten East brings benefits of having your own family office without the cost and headaches of doing so.

0:16.8

It's founded and led by Michael LaFelle, former deputy executive managing member of Davidson Kempner.

0:24.2

Michael and his investment team offer members the opportunity to co-invest by offering at their

0:29.1

discretion. Michael and his team source, diligence, and commit material personal capital to each

0:35.3

investment. The opportunities shared on the Ten East platform

0:38.9

offer exposure to private credit, real estate, niche venture and private equity, and other

0:44.5

idiosyncratic investments that typically aren't available through traditional channels.

0:49.2

The principles have over a decade track record of investing in these types of exposures

0:53.5

across more than 350

0:55.7

transactions. Post-investment, the Tennis team conducts ongoing monitoring and reporting,

1:01.8

just as you'd expect from an institutional investment organization. I've known Michael for about a

1:07.0

decade, and after becoming impressed by the quality of 10 East offerings, its research

1:11.6

process, and high-quality investment team, I became an advisor to the organization, an investor

1:17.1

in multiple offerings. You can learn more and join me as a member at 10east.com. That's the number 10,

1:25.4

east.co.

1:30.9

My That's the number 10, east. C.O. My special thanks go out to Wellington Management for sponsoring this mini-series, Sustainable

1:36.8

Investing, The Next Frontier.

1:39.5

Wellington Management serves as an asset manager and trusted advisor to clients

1:44.0

representing more than

1:45.1

$1 trillion in assets worldwide. Wellington has explored long-term sustainability issues

1:51.7

since the 1970s and continues this practice today through internal research, engagement, and

...

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