Ownership Capital bags mandates from US foundations including Rockefeller Brothers Fund

SRI fund seeded by Unilever and Environmental Agency Pension Fund lands further clients

Ownership Capital, the $2bn Amsterdam-based asset manager co-founded by Alex van der Velden, former Head of Responsible Equity Investments at Dutch pension fund manager PGGM, has won a number of mandates from US-based foundations in recent months.
The Rockefeller Brothers Fund invested $48.6m into Ownership Capital last Spring as part of its of its mission-aligned programme. The Heron Foundation, which in 2012 made the ambitious decision to move its entire $270m endowment into impact investing, awarded it a $10m mandate last year, not long before the McKnight Foundation backed it with $25m as part of its impact investment strategy.
Ownership Capital’s Long-Horizon Global Equity Strategy is limited to 20-30 stocks based on large stakes, fundamental research and a pre-investment engagement approach that seeks to identify potential value in sustainability and governance themes and work with the company on realising that over time.It has a 10-year horizon and is benchmarked against the MSCI World Index.
Commenting on its investment, the McKnight Foundation said: “Ownership’s strategy underscores the challenge that institutional fiduciaries like McKnight face. We must review performance monthly and quarterly, while embracing a truly long-term point of view. McKnight’s sustainability portfolio provokes important conversations about the right time frame for environmentally integrated strategies to bear fruit.”
UK-based university King’s College London is also a recent investor in the firm, having committed £15m from its £213.5m endowment.
Ownership Capital was originally seeded in 2013 with $740m (€579m) by four pension funds in 2014. These were three UK schemes – the fund of food multinational Unilever, the Pensions Trust and the Environment Agency Pension Fund and an unnamed Danish pension fund.