Type: Aligned Investments, Exited Investments
Topic: Buildings & Housing, Energy Efficiency, Technology
Status: Exited
Generation integrates a deep understanding of sustainability into its investment strategy. This fund identifies well managed, well priced companies that will thrive long term.
Investment
$10 million; originated in 2017. Exited 2022 (success).
Rationale
McKnight’s current ESG portfolio was somewhat underexposed to Asian companies, which this investment in Generation corrects.
Benchmark
MSCI Asia Ex Japan
Returns
Track record too short for conclusive assessment
Lessons Learned
Environmental and population demands put Asian companies at the forefront of important economic trends. These emerging economies have an opportunity to leapfrog developed countries in utilizing and deploying sustainable technologies, managing growing urban populations efficiently and reducing water and other inputs in manufacturing.
Photo Credits: iStock Artist/MarsYu
Disclaimer of Endorsement: The McKnight Foundation does not endorse or recommend any commercial products, processes, or service providers.
Last updated 3/2020