Henrik Olsén

Really pleased with the announcement today of VH Global Sustainable Investment Opportunities plc's #GSEO half year 2024 #results, specifically reflecting on the strong underlying performance of the #portfolio. This morning, on our analyst call, I articulated our views on the opportunities for #GSEO in light of increased #demand for electrons caused by the disruptive effect of generative #AI technology on the #energy landscape #globally. Something not fully articulated in recent years by our peers, for whom the role of #renewable #electrons was cast in predominantly #decarbonising our #homes, #industry and #transportation. At Victory Hill Capital Partners LLP we pride ourselves on understanding the whole picture, across different #technologies, #energymarkets and #geographies. Only then can we fully understand how we can enable our #investors to participate in differentiated returns and make a positive #sustainable #impact. #sustainableinvesting #esg #energytransition

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HETI RIPORT #UK #impact_investments Impact investments managed in the UK reached £76.8bn at the end of 2023, a 33.3% increase on 2020 figures, according to a study published yesterday by the Impact Investing Institute. The report, entitled The UK impact investing market – Size, scope and potential, was produced through a market survey and engagement with more than 100 stakeholders, estimates the amount of direct impact investments for which the majority of investment management activities occurs from the UK (the capital managed may be invested outside of the UK). It shows an increase of £19.2bn compared with the end of 2020, when the first iteration of the report estimated the size of the market at £57.6bn.

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"Diverse PE & VC firms invest in a different universe of deals" My own experience in investment management shows that the different views on deals is one fo the key success factors! 🏆 Working together in gender diverse teams or with people of different backgrounds is so inspiring and value generating and, in addition, provides better performance! It is so important for investors and the teams themselves to have more equal opportunities on all levels of an investment firm from junior to senior positions. 🚀 More information in our emma Ventures' post below:

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It was great to get the investment in Stacatruc Limited completed. The first of many to come at YFM Equity Partners from Matt Gordon-Smith, with huge support from Callum Long. It took us longer to convince Matt Gordon-Smith to come and join us than it did for him to complete his first investment with us. Stacatruc is the 4th investment in the last 5 months - with another 6 in diligence across the business. We have a big team now though so plenty of capacity across all of our offices to talk about new opportunities. We can invest between £3m and £15m of equity. Either to fund a Change of Ownership when a business has £1m+ profit (MBO's, partial cash outs, carve outs etc), or Growth Capital to go faster when a business has £1m+ Revenue or ARR.

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New insights briefing from the Energy Transitions Commission focused on the importance of not only raising ambition in the next round of NDCs under the Paris Agreement, but also making stronger links to national policies and increased government and industry collaboration on implementation. The ETC recommends that “NDCs 3.0” define: - Clear and detailed roadmaps for implementation of accelerated climate action backed by strong government policy (e.g., quantitative targets for GW of renewables, phase out dates for bans on the sale of gasoline or diesel engine vehicles). - Measurable, comprehensive (covering all sectors and GHGs) and granular targets for emissions reductions. - Investable plans, especially for emerging markets, clearly stating the investment and international climate finance required to deliver stated targets. https://lnkd.in/erxp23YN

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Global Cumulative Installed Capacity: A Case Study by Blackmore Partners We're excited to share insights from a recent case study conducted by our Business Development Team at Blackmore Partners. The graph below illustrates the impressive growth of the global installed capacity of Solar PV from 2010 to 2023, with projections extending to 2030. 🔋 Key Observations: The energy landscape has evolved dramatically, with the global cumulative installed capacity of Solar PV growing from around 40 gigawatts in 2010 to over 1,200 gigawatts in 2023. Looking ahead, we anticipate a further surge, reaching close to 3,500 gigawatts by 2030. This reflects the global shift towards renewable energy and the increasing investment in sustainable technologies. Why It Matters: The continued expansion of renewable energy infrastructure is essential for reducing carbon footprints and achieving global sustainability goals. Our study delves into the drivers behind this growth, the challenges faced, and the innovative solutions propelling the industry forward. Stay tuned for the next update on this case study, where we'll explore more detailed analysis and emerging trends in the renewable energy sector. #RenewableEnergy #Sustainability #EnergyTransition #CleanEnergy #BlackmorePartners #CaseStudy

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Always capitivating the audience with your strategies.

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We recently published our first Responsible Investment Report – an important milestone for us as a firm. The report outlines the efforts EMK and our portfolio companies have made over the past year in advancing sustainability.   You can read the full report below.   #ResponsibleInvestment

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At the start of 2024 we invited a subset of leading climate fund managers to share views on market sentiment as well as their performance. Insights include sentiment on the fundraising environment, sector focus, impact tracking methodologies, portfolio valuation expectations and spending allocations. Please find an abridged version of the survey here: https://lnkd.in/e-BgCKpG We truly appreciate the participation of all the contributing managers and hope the results are insightful and useful to all. We view this inaugural survey as the first of many CREO Climate Investment Surveys and aspire to attract participation from an increasingly robust and diverse set of managers. We will invite managers to participate in our 2025 survey at the end of this year. Participants who completed the survey received unabridged versions of the aggregated results. CREO Owen LoudonLucas FiorettiTaline Filipovic

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Last week, we hosted our limited partners at our annual Investors Day. Among other things we discussed the general state of European Growth Investing: - Following the pandemic boom in 2020-2021 and a sharp market correction thereafter, the industry has entered calmer waters. Valuations and activity levels are fundamentally healthy - Public valuations (for SaaS) have returned to the 15-year median. Growth is again more important for valuation than profitability - Exit activity still remains well below long-term averages, but should improve. Investing activity is about in line with 2019. Fundraising is resilient, but focused on very few funds. - Private equity has become a reliable acquirer of growth-stage software companies that have the right metrics Cipio Partners #growthcapital #growthPE #software My full presentation: https://lnkd.in/diYP76K6

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An "Industrial Policy" Green Paper is most welcome and provides a framework that ought to re-assure those seeking to invest in the UK. Having a defined and detailed Industrial Policy will assist in promoting and securing long term industrial investment for the next 10 years and beyond in an integrated manner that aligns planning, infrastructure and power to commercial enterprise. A welcome a positive step to getting the inward scaled investment that the country so desperately needs to secure growth and increase productivity.

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Putting a price on carbon creates an economic incentive to reduce emissions. While there are important issues that need to be worked out to create robust, transparent and trustworthy carbon markets, they will become an essential market mechanism to accelerate the transformation of business and industry towards a low-carbon future. My colleagues James Socas, Maxwell Hummel and I present an overview of the current landscape and the investment opportunities arising from this trend in our new piece released during the World Future Energy Summit last week.

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The investment activity in US VC de-coupled from the positive development of the Nasdaq index over the last two years. Is it time to close the gap? 🚀 Please find more information here and would be great to receive your thoughts in the comments below. https://lnkd.in/ekCUpUUM

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Commentary picking up on the growing trade in GP partnerships (and the lucrative rewards for the lucky few). A consequence of the increasing maturity of this asset class. Market dynamics are evolving.

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A really interesting and important article from Martin Wolf in the Financial Times. I would, however, frame it slightly differently - markets as currently constructed and incentivised - will not solve climate change. But the construction and incentives that drive markets and flows of capital are human constructs, and can be constructed differently if we show the will and determination to do so. We need to do so as soon as possible. https://on.ft.com/3VPDCeP

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GIC’s Group Chief Investment Officer Jeffrey Jaensubhakij and Chief Investment Officer, Fixed Income Tzu Mi Liew sat down with Bridgewater Associates’s Greg Jensen and Jim Haskel to discuss the most pertinent issues for investors. They shared views on US exceptionalism, China’s changing economic landscape, the opportunities and challenges presented by AI, and the integration of sustainability into investment processes. Watch the full video on: https://lnkd.in/gjjhJEn3

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Insightful article….worth a read.

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Incredible to see Mosaic in the Financial Times this morning in this excellent piece by Sujeet Indap on tech innovation in private equity. Sujeet's research into the historical evolution of Wall Street's analytical horsepower was particularly fascinating. Though I wasn't around for the shift from pen-and-paper to VisiCalc, I can only imagine the step-function productivity increase it unlocked. Anders' assertion that the advent of the spreadsheet in part drove the LBO boom of the late '80s is also intriguing (although I'm sure the <10% min. equity helped, too). Though the spreadsheet was a great advancement in the '80s, it always baffled me that ~30 years later (when I began my PE career) we were still underwriting billion-dollar buyouts using a generic productivity tool and not an industry-focused application. That's precisely why I started Mosaic. With dedicated platforms like Mosaic and Blackstone's Atlas now powering new deal underwriting - could the industry benefit from a similar step-function productivity increase? Also - an open question to anyone who was working as an investment professional in the 1980s/1990s: was the spreadsheet initially met with hesitation / skepticism by a subset of old-school investors who thought there was value in grinding it out until 3am with only pencil and abacus in hand? We're fortunate at Mosaic to work with some of the world's most forward-thinking investors who readily embrace change - but this sentiment does comes up once in a while. What happens to the holdouts? And curious how the innovators - whose shoulders we stand on - navigated it before us. Read the full story here: https://on.ft.com/4dXEvth

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