Ara Partners的动态

Transcript

Doesn't seem that long ago, but industrial decarbonization in 2017, 2018 was alien to most institutional investors. The builder approach we were talking about required a fair amount of explanation and we ultimately had to seed the entire portfolio. So by the time we got to final close, we were almost fully invested and we had to bridge, borrow, invest our own money to really prove out the thesis. But once that was done and once the thesis was clear to investors, the firm did start to grow quite rapidly. And what we here from LP's is that you know there are probably hundreds of funds focused on climate now all the way from early stage venture to infra. As far as we know we're still the only firm that is dedicated substantial resources to developing that builder expertise. And that's what really differentiates us in the market that, and I think our curatorial powers and picking what we call process technology rollouts. So companies that have a way of making a low carbon product that's both profitable, cost competitive with the incumbent and in a large addressable market that can scale up. That's the kind of rapid decarbonization that's going to have to happen in coming decades if we're going to come anywhere near, you know reaching our climate goals. So we are taking the handoff from venture. We are taking proven technologies in companies that need to be industrialized, building the first handful of plants, and when we're done, we'll be handing those companies off to public markets, large strategics or mega cap private equity. You hear a lot in this world about the missing middle. That's right where we sit. And you know, we're a drop in the bucket. You know, if you think about the amount of money that needs to be invested to make global decarbonization happen at pace, you know, we're talking in the many trillions of dollars. But what we hope is that we're showing people how this can work in a scalable way. You know, we don't expect to be the only fun doing this in in 10 or 15 years.