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Adviser Profile

As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 3 -25.00%
of those in investment advisory functions 2
Registration SEC, Approved, 6/3/1991
AUM* 325,000,000 -24.94%
of that, discretionary 325,000,000 -24.94%
Private Fund GAV* 324,568,000 -65.20%
Avg Account Size 18,055,556 -16.60%
SMA’s No
Private Funds 15 3
Contact Info 571 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
851M 729M 608M 486M 365M 243M 122M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count14 GAV$324,258,000
Fund TypeSecuritized Asset Fund Count1 GAV$310,000

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Brochure Summary

Overview

Established in 1990, GEF Management Corporation, either directly or through its relying advisers (together, “GEF” or “Global Environment Fund”), provides investment advisory services to a group of affiliated, privately held pooled investment funds, or funds from many individual investors that are aggregated for the purpose of investment in order to benefit from economies of scale, and also may provide advisory services for clients in separately managed accounts (in aggregate, the “Funds”). Additionally, GEF from time to time organizes and serves as general partner (or in an analogous capacity) of certain other entities which are alternative investment vehicles established to address, for example, specific tax, legal, business, accounting or other matters that may arise in connection with one or more specific transactions of a pooled investment fund client. These Funds generally invest in high-growth clean energy, energy efficiency and environmental solutions industries throughout the world, with the objective of achieving long-term appreciation for their investors. GEF also manages Funds that make direct investments in sustainable forest management companies, principally in Africa. Target companies for these Funds include those profiting from outstanding forest management practices, including the manufacture of environmentally certified wood products, and those that have a leading market position in a particular sector. The principal owners of the firm are the beneficiaries of the estate of H. Jeffrey Leonard, indirectly via trust entities. Services Provided While each of GEF’s Funds may have different investment criteria, the services that GEF provides to the Funds tend to include some or all of the following: identification of potential investments, financial analysis, investment structuring, acquisition services, post-acquisition monitoring, disposition through private transactions or public markets, back-office administration, investor relations, and other services. GEF may serve as the investment adviser or general partner to the Funds in order to provide such services, or it may do so through one or more of its affiliates or relying advisors. Each Fund generally invests in companies offering products and services that are enabling the next generation of resource efficiency and management. GEF uses two lenses to filter such investments. The first is a financial lens – GEF seeks to partner with leading companies in markets where business growth can result in significant financial returns for its investors. The second is an environmental impact lens – GEF seeks to make investments where capital can result in a measurable positive impact from an environmental perspective. The specific investment strategy of each Fund is determined at the Fund’s formation and is described in the Fund’s
private placement memorandum (“PPM”) and governing documents such as a limited partnership agreement or analogous organizational document and/or side letters (“Governing Documents”) and GEF tailors its advisory services to the specific mandate and investment strategy of each client. In certain instances, Funds may be established only to make co- investments alongside other Funds (“Co-Investment Funds”). Each investment strategy is led by a team of investment professionals (“Team”), who provide certain of the investment services described above, and other GEF personnel, who provide services and support to all of GEF’s Funds. Investment advice is provided directly to the Funds and not individually to the investors in the Funds. Investment restrictions for the Funds, if any, are generally established in the Governing Documents. The terms of the investment advisory services to be provided to a Fund, including any limitations on investments in certain types of securities, are established by GEF as modified by negotiations with investors in the applicable Fund, and are set forth in such Fund’s Governing Documents and other documentation received by each investor prior to investment in such Fund. Limitations may vary from Fund to Fund, and may relate to geography, diversification and concentration, investment type (e.g. hostile takeovers of publicly traded companies, investment in blind pools, and short selling apart from hedging transactions undertaken to limit risks associated with a pre-existing investment), and other matters. Such limitations differ meaningfully from one Fund to another, based on, among other things, the investment strategy of such Fund. Once invested in a Fund, unless otherwise set forth in the Governing Documents, investors cannot subsequently impose restrictions on the types of securities in which such Fund may invest. The Funds are exempt from registration as “investment companies” under the Investment Company Act of 1940, as amended (the “Investment Company Act”), and the regulations promulgated thereunder. Interests in the Funds are offered only to qualified investors satisfying the applicable eligibility and suitability requirements in private placement transactions globally. Investors in the Funds are typically institutional investors and eligible high-net-worth individuals. The relationship between GEF and each Fund is governed by the Investment Advisers Act of 1940, as amended (the “Advisers Act”) as well as the governing documents of each Fund and the terms of investment advisory agreements concluded between GEF and each Fund. Wrap Fee Programs GEF does not offer wrap-fee programs to its clients. Client Assets GEF manages approximately $325 million of client assets as of December 31, 2023, all on a discretionary basis.