EKO Green Carbon Fund, LP
United States of America
Last updated 12 May 2020, by Impactyield.
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / United States of America (112)
The Fund, managed by EKO Asset Management Partners (www.ekoamp.com), intends to invest primarily in the development of or the right to purchase carbon offsets (“Opportunities”). In making such investments, the Fund will seek to acquire ownership rights in Opportunities, which the Fund may then sell. Potential purchasers of the Opportunities include greenhouse gas (“GHG”) emitters that need offsets in order to comply with state, regional and federal regulatory programs that place a cap on GHG emissions as well as banks, brokers and other parties seeking to purchase carbon offsets. In certain circumstances, the Fund may distribute Opportunities directly to investors in the Fund. The Fund’s investments will likely take the following forms: 1) The Fund may enter into agreements with landowners and project developers to invest capital to develop projects. In these transactions, the Fund will effectively take an equity stake in the project and earn a return from the sale of carbon offsets generated by the project over time. 2) The Fund may enter into two types of option transactions. The first type is an option payment to a landowner for the right to work with them to develop the carbon offset potential on their land. The second type of option is a simple option to purchase carbon offsets from a project or landowner. 3) The Fund may enter into simple forward transactions with landowners and project developers to purchase carbon offsets over a set period of time in the future.
Assuming the Offering is fully subscribed, the General Partner’s goal is to make 8-10 investments in Opportunities during the 24 months following the Fund’s Initial Closing; however, there is no maximum or minimum limit on the number of Opportunities in which the Fund may invest. Accordingly, the Fund’s investments may be concentrated in a small number of Opportunities, depending on the General Partner’s success in finding acceptable Opportunities for the Fund to invest; provided, however, that the Fund will not invest more than the greater of (i) $2,000,000 or (ii) 20% of the Total Capital Commitment (defined in the PPM) in any single Opportunity without the prior approval of a majority of the members of the Fund’s Advisory Committee (defined in the PPM). The General Partner will seek to minimize the number of concentrated positions over the life of the Fund.
While the Fund may invest in any location, the Fund will generally attempt to identify opportunities within the United States and its territories.
of track record
the year funded
Key performance indicators
Asset manager: EKO Asset Management Partners
Product track record: Fund has 7 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - post first close
Inception year: 2016
Vintage year: n.a.
Target region: Developed countries, More developed regions, More developed regions (North America, Asia & Oceania), United States of America
Target close date: n.a.
Product term: n.a.
Assets under management: 15,000,000 USD (US Dollar)
Investment size: Min: 0; Max: 2,000,000; Avg: 0
Co-investment policy: Only with LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 1
Fund investments to date exited or repaid: 0
Management fee: 2.5%
Carried interest: 20%
Hurdle rate: n.a.
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Endowments/Foundations, Family Office, Other Institutional Investors, Retail Investors
Phone number: 646-731-2763
If you wish to have your details removed from this database please email email@example.com
EKO is a specialized investment and advisory firm focused on discovering and monetizing unrealized or unrecognized environmental assets. We do this by investing in projects and companies that create environmental value, as well as advising landowners, companies, investors and government agencies that can benefit from existing and emerging environmental markets. In doing so, EKO hopes not only to harness the power of the capital markets and help allocate resources to their highest and best ecological use, but also to help preserve ecosystems for future generations. Through the Fund, EKO is combating greenhouse gas emissions and global warming by investing in carbon emissions reduction projects. These projects will have the additional impact of protecting species habitats and supporting biodiversity; reducing air and other forms of pollution; improving watersheds and water quality; and, in certain communities, creating jobs and improving the socio-economic environment.