Impactive Capital
fund on 1 show · 8 statements across 1 episodes · said 18 times in 1 episodes since 2020
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8 statements about Impactive Capital, every show
Impactive advises companies to sacrifice near-term margins for long-term IRRs
“We are the rare activists that will say, you know what, you should make this investment that might diminish your margins in this quarter or the next
The next couple of quarters, because we have such high conviction in the longer term IRRs, and we have the capi…”
Vast majority of Impactive Capital is in three-year share classes
“The vast majority of our other capital is in a three-year share class”
Improving one company's ESG forces entire industries to follow suit
“Over the very long run, multi-decade period, not only have you changed a company, but you've changed an entire industry because all the competitors have to follow suit”
Management teams reach out inbound to Impactive for ESG guidance
“We have a lot of management teams actually calling us for inbound requests on what can I do to improve my profile and what should I be focusing on?”
Impactive holds 8 to 12 concentrated positions
“So our portfolio construction, we have about eight to 12 positions at any point in time, each eight to 12% of the AUM. And so today we have about 10 positions, almost half of which were put into the book between March and April of this year during the pandemic…”
Wyndham franchisee energy retrofits deliver one-to-two year paybacks
“We put together a package of LED lighting, motion sensor detectors, smart HVAC systems, where the paybacks, and they disclose their paybacks, by the way, in their corporate social responsibility report, but the paybacks are usually one to two years. Doing that…”
Impactive Capital underwrites 20% IRRs across four pass-fail criteria
“So at Impacted, we have four key criteria that we look at in our investment strategy, They're all pass fail. So every one of the companies in our portfolio must pass this. It's quality, valuation, time, and activism. And so we just spoke a bit about quality. V…”
CalSTRS seeded Impactive Capital with six-year locked-up capital
“So just to take us a step back, Impacted was put in business by Blue Harbor's largest LPA, CalSTRS, and we were very lucky. They backed us with six-year capital, which is unusual in the public markets, and that really allowed us to pursue what I think is one o…”