This episode is part of our Capital Series hosted by Jason Jacobs. This series explores a diverse range of capital sources and the individuals who drive them. From family offices and institutional LPs to private equity, government funding, and more, we take a deep dive into the world of capital and its critical role in driving innovation and progress.
On today’s MCJ Capital Series, we have two guests: Mark Berryman, Managing Director of Impact Investments, and Nick Flores, Managing Director of Impact Investing and Client Advisor for Caprock.
Caprock is a multifamily office that provides customized, comprehensive and strategic financial solutions for a select number of families and foundations. They advise over $8 billion in assets of which over $2 billion has been allocated to impact investments. Caprock is a founding B corporation, which certifies that they meet the highest standards of verified social and environmental performance, public transparency and legal accountability to balance profit and purpose.
In this episode, we cover:
- [2:05] An overview of Caprock
- [3:07] The roles and collaboration between the client advisory and investment research teams at Caprock
- [5:38] Caprock's approach to impact, due diligence and monitoring
- [8:48] The firm's emphasis on privates
- [18:21] Client demand for deeper and more niche impact investment opportunities
- [25:19] How Caprock thinks about return profiles
- [30:51] Criteria for manager and fund selection
- [34:13] Tracking specialists vs generalists
- [38:23] Nick and Mark's concerns and what excites them in the climate space
- [41:35] Caprock's interest in deep tech
- [45:00] Thoughts on first of its kind (FOAK)
- [47:31] Evolution of LP base and barriers holding it back
- [51:31] Continuous learning and knowledge sharing as a key aspect of Caprock's approach to impact investing
Resources mentioned:
Correction: In this episode, Jason mistakenly refers to Caprock as having over $8 billion in assets under management. Caprock advises over $8 billion in assets.
Get connected:
Jason Jacobs X / LinkedIn
Mark Berryman LinkedIn
Nick Flores LinkedIn
MCJ Podcast / Collective
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Episode recorded on Oct 12, 2023 (Published on Nov 1, 2023)
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*Editing and post-production work for this episode was provided by The Podcast Consultant
