Lightsmith Climate Resilience is committed to delivering economic returns while adhering to global environmental, social, and governance (ESG) standards and providing impact assessment through its Impact Measurement System (IMS). To date, Lightsmith Climate Resilience has made investments in SOURCE Global, a water harvesting technology company with an off-grid solution to produce affordable drinking water from sunlight and air, and Wa圜ool Foods, an India-based agriculture and food supply chain services company applying physical automation and digital technology to reduce food wastage and improve farm output. Lightsmith Climate Resilience helps companies scale up by applying their technologies to help businesses and communities adapt to climate change, by expanding internationally, particularly in emerging markets, and by partnering with Lightsmith’s global network of companies and governments. Lightsmith Climate Resilience is focusing on six initial technology areas: water efficiency and smart water management, resilient food systems, agricultural analytics, geospatial intelligence, supply chain analytics, and catastrophe risk modeling and risk transfer. Climate Policy Initiative (CPI) has concluded that Lightsmith Climate Resilience is the first private equity fund focused on climate resilience, and reported that until now, less than $500 million per year of private investment has targeted climate change adaptation. Lightsmith Climate Resilience invests in growth-stage companies whose technologies can address the growing physical impacts of climate change, which represents an estimated total addressable market of over $170 billion today.
Richard Kauffman, the Former Chairman of Energy and Finance for New York State, serves as Chairman of the investment committee for Lightsmith Climate Resilience. Lightsmith’s global investment team draws from experience at Goldman Sachs, True North Partners, Baring Private Equity Asia, IFC, and US DFC. Sanjay holds a BA from Harvard University and an MBA from the University of California at Berkeley.Lightsmith’s two founding partners, Jay Koh and Sanjay Wagle, each have over 20 years of experience in direct investing at The Carlyle Group and VantagePoint Capital Partners as well as at US Development Finance Corporation (DFC), International Finance Corporation (IFC), US Department of Energy, and New York Green Bank. Sanjay also helped in the formation of DOE’s advanced research agency ( ARPA-E) and served as the agency’s first Associate Director for Commercialization, founding and running a “technology-to- market” program to commercialize high-risk, high reward energy technologies funded by the agency. Department of Energy ( DOE), overseeing the implementation of $15 billion in programs for clean energy and climate, including investments in renewable energy, electric vehicles, battery manufacturing, industrial efficiency, and biofuels. In the first three years of the Obama Administration, Sanjay served as a senior official at the U.S. Sanjay has served in senior executive roles with several sustainable technology companies, including: Diamond Foundry, a technology company making flawless, jewelry-grade diamonds in an ethical and sustainable manner Ubiquiti Networks (Nasdaq: UBNT), a publicly listed global technology company where he co-led the launch of a new worldwide solar business Soligent, the largest US solar distributor with over $200 million in revenues, where he led the acquisition and integration of Soligent’s #2 competitor and TerraVia (Nasdaq: TVIA), a biotechnology company converting plant-based feedstocks into tailored, high-value food oils. Earlier in his career, Sanjay served as an Investment Officer at the International Finance Corporation, where he led financings of private sector transport, power, and water infrastructure projects in developing countries. He was the first Principal in the CleanTech Group at VantagePoint Capital Partners, which invested over $1 billion in 25 companies in electric vehicles (most notably Tesla Motors), solar, storage, smart grid, green building, water, and sustainable agriculture. Sanjay’s investing experience includes eight years in venture capital and growth equity. He has over 20 years of experience in investing, company management, and government focused on clean energy, resources, and climate. Sanjay Wagle is co-founder and Managing Director of The Lightsmith Group.
0 kommentar(er)
