Investment

Sustainable Technology

Gordon Power, Partner

Gordon Power, Partner, CIO Earth Capital and CEO SET3

The Earth Capital and SET3 fund management teams are led by Gordon Power, who has a multi-decade track record in growth capital and sustainable technologies.  Gordon has made 199 investments over the last 32 years, generating an audited IRR of 29 per cent.

During this time he has made several sustainable technology investments; such businesses included forestry, plastic recycling and eco-friendly building materials and brand packaging.  Gordon has an IRR of 45% from 30 sustainable private equity investments.

Prior to his current commitments, he founded and was CEO of the private equity business ProVen Private Equity (now re-named Beringea) from 1984 – 2004 and led its buy-out from Guinness Mahon in 1997.  By 2002 Proven specialised in media and intellectual property rights investments, had funds under management of $370m million including a range of highly successful venture capital trusts.

Richard Smith

Richard Smith, Partner, Investment and Technology Transfer.  Member of STIL Investment Committee

Richard has a background in industrial management, private equity transactions and financial advisory services.  Before joining the SET3 group, working both for STIL and ECP, he was a Director at IBIS Asset Management, a captive financial advisory group to a large multi-sector private conglomerate.  Previously he delivered a wide range of private equity due diligence and corporate strategic advisory services while with L.E.K Consulting, where he was a Senior Manager.  Prior to an MBA at INSEAD, his early career encompassed engineering design, quality improvement, and production management at Visteon and Ford Motor Company. He is a Chartered Engineer, a Chartered Member of the Chartered Institute of Securities and Investment, and a Sainsbury Management Fellow.

 

Renewables

Partner

Richard Burrett, Chief Sustainability Officer at Earth Capital and SET3.  Member of Investment Committee.

Richard has spent over 30 years working in international banking and finance.  He joined AMRO Bank in 1988, becoming Managing Director and Global Head of Project Finance in 2001.  In this role he was instrumental in the development of the Equator Principles, creating a market recognised standard for the management of environmental and social risk within project financing.  He started to work directly on ABN AMRO's award-winning sustainability agenda in 2004, becoming Global Head of Sustainability before leaving the Bank in May 2008.  He was Co-Chair of the United Nations Environment Programme Finance Initiative (UNEP FI) from 2010 to 2012 working with 200 institutions, including banks, insurers, and investors to bring about systemic change in finance to support a sustainable world.  He is the FMO (Dutch Development Bank) nominated non-exec Director of Union Bank of Nigeria PLC and a Senior Adviser to the Earth Security Group.  He is a Fellow of the Cambridge University Institute for Sustainability Leadership and a Board Member of Forest Trends, a Washington-based organisation promoting market-based approaches to forest conservation.

Bruno Konishi

Bruno Konishi

Bruno has over 13 years professional experience and was involved in more than 40 transactions/engagements in the private equity and advisory services industries in Brazil, including cross-border initiatives with teams from the UK, USA, Germany, France, Chile and Uruguay.  In the private equity industry, Bruno coordinated investment and project development teams for a Brazilian top-tier fund dedicated to large scale agricultural and bioenergy projects. Bruno also accumulates experience from acting as an Executive Director/CFO of a bioenergy generation investee company ($300+ million of investments).  As an advisor, Bruno was a partner in one of the first strategic and investment firms focused on sustainable business in Brazil where he led clean energy initiatives in buy-side advisory services, PE/VC structuring processes, M&A and capital raising mandates etc.  Bruno is an economics graduate of the University of São Paulo (USP) and also a Professor in the Pontifical Catholic University of Rio de Janeiro (PUC-Rio) for corporate finance courses.