Rockefeller Asset Management has onboarded Norwegian financial foundation Gjensidigestiftelsen as its cornerstone investor in its latest sustainable investment UCITS offering.
Officials announced the launch of its third equity UCITS fund, the Rockefeller Climate Solutions Fund, this week with the aim of offering institutional investors access to U.S. and global ESG equity strategies.
Nearly a decade ago, a group of forward-thinking investors asked Rockefeller to build a portfolio that has the potential to generate excess returns and help solve the climate crisis, according to Chip Montgomery, head of business development and corporate strategy at Rockefeller.
“We are seeing growing demand in Europe for thematic investing, driven by concern about climate change, especially in the Nordic Region, which has been at the forefront of sustainable investing,” he added. “Gjensidigestiftelsen, the largest Norwegian financial foundation, is a cornerstone investor in the fund. We are proud that the fund could play a small part in the great work that Gjensidigestiftelsen is doing to promote health and safety initiatives.”
The $11.2 billion Rockefeller Asset Management in New York collaboration with The Ocean Foundation began nearly nine years ago. The global strategy the team created takes a high-conviction, bottom-up approach to investing in companies with meaningful revenue exposure to key environmental sectors, including renewable energy, energy efficiency, water, healthcare mitigation, food and sustainable agriculture.
The Ocean Foundation team serve as advisors and research collaborators to help bridge the gap between science and investing and contribute to the strategies, idea generation, research and engagement process.
The Climate Solutions Strategy, which is only now being broadly marketed to outside investors, outperformed the MSCI ACWI Index by 18.59% in 2020 and 4.27% annualized over the past 5-years.
Rockefeller Climate Solutions UCITS is co-managed by Casey Clark and Rolando Morillo, who lead RAM’s thematic equity strategies, leveraging the intellectual capital built from RAM’s four decades of ESG investing experience.
“Climate change is becoming a defining issue of our time. We believe investors can generate alpha and positive outcomes by investing in companies producing climate mitigation or adaption solutions with distinct competitive advantages, clear growth catalysts, strong management teams, and attractive earnings potential,” said Rockefeller’s Morillo.
The firm leverages the relationships of Hyde Park Investment Ltd. for Europe and Archipelago Partners in the Nordic region for targeted capital raising.