20/30 Visions
A series in which we ask global thought-leaders: how do we build a more sustainable and inclusive world by 2030?
The world of sustainability and impact has come a long way in the two decades since Bridges launched in 2002. But given the scale of the challenges we face, it's not enough.
If we are to have any hope of achieving the Sustainable Development Goals by 2030 (the theoretical target) – or getting anywhere close to Net Zero – we need to go much further, much faster.
Our 20/30 Visions series explores what this needs to look like in practice. In each episode, we speak to a different expert or thought-leader from around the globe, and ask them: what needs to change if we want to build a more sustainable and inclusive future in the next decade? And how do we make that change happen?
20/30 Visions
20/30 Visions: Diana Propper de Callejon on longer-term capital vehicles
To build a more sustainable and inclusive economy, we need to scale the businesses that are helping to solve our biggest environmental and social challenges. But what's the best model for funding the growth of companies that are focused on these long-term goals?
Longer-term capital vehicles are increasingly emerging as a viable alternative to standard private equity and public markets. In theory, these models allow impact-driven business to remain focused on long-term value growth and impact, without the distraction of short-termist equity markets or regular changes of ownership. But can they be structured in a way that also works for investors?
Our guest is Diana Propper de Callejon, Managing Director of US-based Cranemere. Cranemere describes itself as "a long-term holding company for founders, management teams and family-owned companies in the U.S. and Europe"; to date it has raised $2.5bn from investors and backed seven operating companies. We discuss:
- The problem Cranemere was established to solve
- The benefits of long-term capital for impact-driven businesses
- Typical investor concerns - and how to resolve them
- Long-term capital vs PE/ public markets
- How we get more long-term vehicles
and more...
Produced & presented by James Taylor
Editing by Jake Hatt @ Free Bird Film
Watch the videos at www.bridgesfundmanagement.com/2030visions