High-net-worth investors helped prove the alpha-generating ability of impact strategies
Manny Citron · Sustainable Investing 4: Emanuel Citron – Sourcing Sustainable Managers (Capital Allocators, EP.142) · Jun 18, 2020 · at 35:02
Manny Citron, Managing Partner of Volery Capital, discusses institutional adoption and the history of LP capital flowing into sustainable and impact investment strategies.
0:00 / 0:11exact quote · 11.9s
720p mp4 · rendered on demand · StarZero watermark
“There are a lot of high net worth investors that have been very committed to impact and have helped lead the way and have helped prove the alpha generating ability of some of these investment strategies.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Manny Citron
Citron: ESG integration lowers capital costs and expands valuation multiples
“And also companies with these considerations have shown to be able to reduce volatility and trade at higher multiples and access, you know, a lower cost of capital.”
Microgrids and distributed power offer accretive value for data centers
“Those strategies, I think, will continue to both offer positive environmental impact, but also accretive propositions to the users, to, you know, data centers who are looking for that kind of local reliable power.”
Many skilled impact fund managers struggle to articulate their value proposition
“We found that a lot of Managers are really good investors, but aren't necessarily as practiced in, in telling their stories and helping connect what they do and why it's meaningful to LPs and other constituents.”
Impact fundraising requires a rifle-shot approach to match thematic LP interests
“And so there are very committed LPs to space, but you have to be a little more rifle shot in connecting particular strategies to LPs with particular interests.”