SJF News

November 2011

    SJF Ventures_new logo
In This Issue
CleanScapes Exit
GIIRS Pioneer Fund
Upcoming CleanLinks Events
US SIF 2011 Report
Contact
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High Growth.
Positive Impact.

SJF Institute Announces Green Job Award Winners

On November 10, SJF in partnership with Citi Foundation will celebrate this year's Green Jobs Award winners. These stellar firms are contributing to the environment and the economy and are leaders in green job creation. Together this year's winners employ more than 2,500 individuals and their annual revenues range from $3 million to more than $25 million.

 

The following private companies have received national recognition for their contribution to both the economy and the environment:

Better World Books

Pacific Biodiesel

Power Partners, Inc.

Sacred Power Corporation

SolarCity

Sungevity

The Taylor Companies 

Upcoming SJF Events

Dave Kirkpatrick will be speaking on the plenary at Opportunity Finance Network conference, on

Nov 15, Minneapolis.

 

Arrun Kapoor will be speaking at the VANJ Fall Entrepreneurs Expo & Elevator Pitch Olympics on Monday, November 14, Whippany, NJ.

 

Members of the SJF team will be supporting the Inner City Capital Connections Conference on November 10, New York City.  

CleanScapes LogoSJF Realizes Successful Exit in CleanScapes Merger with Recology

 

On November 1, SJF Ventures' portfolio company CleanScapes, a Seattle-based recycling and waste collection firm, closed a merger transaction with another leading West Coast firm, Recology, the largest U.S. employee-owned company in the waste and recycling industry.   The deal was a strong win-win-win for customers, employees, shareholders and the environment. CleanScapes, which achieved $45 million in annual revenue in 2010, shares a similar culture to Recology in their pursuit of 'waste zero' communities.

 

SJF Ventures invested approximately $2 million in CleanScapes a little over three years ago.  The sale provides a strong return for SJF Ventures II.  The new partnership creates a platform to further accelerate the company's growth and positive impact with expansion into the Pacific Northwest.

 

Read more in the SJF blog post and Press Release.

SJF Ventures Completes GIIRS Fund Rating 

 

SJF Ventures is one of the first 9 of 25 GIIRS Pioneer Funds to complete its first GIIRS (Global Impact Investing Rating System) rating. GIIRS aims to be a comprehensive, third party-verified assessment of companies' and funds' positive impacts. GIIRS Ratings & Analytics was launched in September at the Clinton Global Initiative, following a successful global beta test with the first 25 GIIRS Pioneer Funds. More than 200 companies from these leading impact investing funds across 30 countries tested the GIIRS rating platform during the beta test. In addition, SJF Ventures III is one of 15 new Pioneer Funds announced in late October that together represent more than $550 million under management.

Clean Links for webCleanLinks Events in NYC and Raleigh

 

The next CleanLinks New York event will be on Wednesday, November 16 from 5:30 to 8pm.  The panel topic is "Cracking the Cleantech Sales Cycle - Selling to Large Institutions."  Panelists include Maria Robinson, Director of Origination and Marketing, Con Edison Energy; Ariella Maron, Deputy Commissioner for Energy Management, Department of Citywide Administrative Services, New York City; Ben Rogers, Chief Business Officer, Thinkeco, Inc.; and Aaron Ayer, President and Founder, The Hunley Group.  You will need to register if you would like to participate as seating is limited.  

  

SJF hosted the last CleanLinks RTP event in 2011

last night, November 8, at the Stockroom 230 in Raleigh, NC. The event was well attended and featured a panel of active cleantech investors including John Gannon, Sunbridge Partners; David Kirkpatrick, SJF Ventures and David O'Leary, angel investor.  The panel discussed the types of cleantech investments being pursued in a post-Solyndra world.
 
For sponsorship opportunities, please email acbroughton@sjfinstitute.org.
US SIF2011 Report on Sustainability Trends in US Alternative Investments 

A new report from US SIF Foundation reveals that alternative investments have become one of the most dynamic segments in sustainable and responsible investing. Based on fresh research covering more than 250 alternative investment managers, Sustainability Trends in US Alternative Investments provides the first in-depth analysis of recent trends across US hedge funds, property funds, and private equity and venture capital funds that consider environmental, social and governance (ESG) criteria in their investment strategies.
 

The report finds that at the outset of 2011, $80.9 billion was invested in 375 alternative investment funds incorporating ESG criteria. This represents a 15.9% growth in combined assets since the beginning of 2010. You can download a complimentary copy of the executive summary or order the full report here.

 

On November 30, you may also join US SIF Research Director Meg Voorhes and report lead author Joshua Humphreys, the Director of the Center for Social Philanthropy at Tellus Institute, in a webinar where they will discuss key findings from the report.  Register for the webinar here.

About SJF

SJF Ventures_new logo

SJF Ventures is a venture capital fund focused on delivering superior financial returns through investments in high-growth, positive impact companies. SJF has an eleven-year successful record of assisting visionary and talented management teams in building industry-leading firms. SJF provides strong expertise and networks in the cleantech, sustainability and tech-enhanced services sectors. SJF Ventures aligns best with companies generating $1 to $20 million in revenue seeking expansion equity capital of $1 to $5 million. SJF Institute is an affiliated nonprofit that connects, inspires and accelerates sustainable entrepreneurs and the fields that support them.  Over the last ten years, SJF has assisted 1,500 entrepreneurial companies through workshops and direct advisory services. SJF has offices in Durham, NC, New York, and San Francisco and invests throughout the U.S.