Boulder, Colo.-based Vision Ridge Partners is adding four decades of expertise to its team with the addition of Jules Kortenhorst, former CEO of RMI (Rocky Mountain Institute), as partner on Jan. 9, 2023.
Kortenhorst will focus on furthering Vision Ridge’s asset management and governance capabilities in support of its portfolio. He will also work with existing leadership at the $3.1 billion firm to enhance strategy, culture and operations with a distinct emphasis on deepening Vision Ridge’s work on energy transition and climate change.
During his tenure at RMI, he grew the non-partisan, non-profit organization from 50 to 600 professionals worldwide and scaled up its contribution to accelerating the energy transition. Kortenhorst has also service on multiple boards, where he has worked with management teams to overcome complex situations to attain positive financial and impact-driven results. Prior to joining RMI in 2013, Kortenhorst served as the founding CEO of the European Climate Foundation, the largest philanthropic organization dedicated to policy development and advocacy on climate change in Europe. Earlier in his career, he served in the Dutch Parliament, was the CEO for International Operations of ClientLogic Corporation, and before that worked for nearly 10 years in various roles at Royal Dutch/Shell, including as managing director of Shell Bulgaria. He began his career at McKinsey & Co.
“Jules has unparalleled experience driving value-creating, transformational change across the energy sector as well as deep strategic planning and problem-solving skills. We are thrilled to welcome an executive of his caliber to the Vision Ridge team as we seek to continue capitalizing on the global transition to sustainability,” said Reuben Munger, co-founder and managing partner of Vision Ridge in a statement. “We have known Jules well for over a decade, share a mutual respect and passion for supporting innovative solutions to combat climate change, and have collaborated closely on meaningful projects to aid that cause.”
Munger added that he was confident that Kortenhorst’s experience over 15 years serving in global energy leadership roles, and commitment to decarbonizing the planet will greatly benefit Vision Ridge, its portfolio companies, and investors.
“Our planet is in the decisive decade for what I believe to be the biggest issue facing humanity — climate change — and now is the critical time when we must invest at scale in the lower cost, post-carbon businesses of the future,” added Kortenhorst in a statement. “As I embark on the next phase of my career with my life’s mission of addressing climate change in mind, I am thrilled to join Vision Ridge, which I believe, through its investments in sustainable real assets, is a pioneer for investors who support this future.”
Kortenhorst is a founding member of the global Energy Transitions Commission, a member of Shell’s New Energy Advisory Board, and a non-executive board member of MiQ.org and the Energy Web Foundation.
His appointment follows other investment and operational hires Vision Ridge has made over the last year, including Paul Luce as managing director, Christina Scalzo as principal, Matthew Fox as chief legal officer and administrative officer, Craig Bodzinger as fund controller and Kara Hagerty as director of compliance.
Vision Ridge closed its Sustainable Asset Fund III at its hard cap of $1.25 billion in April 2021.