Cowen Sustainable Investments Reaches Over $1.1 Billion in Platform Assets
24 February 2021 - 11:15PM
Cowen Sustainable Investments (“CSI”), a private sustainability
investment strategy within the investment management division of
Cowen Inc. (NASDAQ:
COWN), today announced it has
successfully raised $919 million for its inaugural fund, bringing
CSI platform assets to over $1.1 billion. CSI secured commitments
from leading institutional investors, sovereign wealth funds and
public pension funds, in addition to family offices, and
foundations from around the world. The CSI platform leverages its
partnership with investors to provide scaled, multi-hundred million
dollar capital solutions per investment.
CSI was established in 2018 to provide tailored financing and
data analytics solutions to companies that are accelerating the
world’s transition towards an environmentally sustainable economy.
Led by Ewa Kozicz and Vusal Najafov, CSI’s investment themes
include clean transportation, sustainable food production,
industrial efficiency as well as renewables and storage. Since its
founding, CSI has invested $350 million in two privately held,
sustainability-focused companies.
“CSI is focused on providing both capital and data analytics
solutions to companies at the cutting edge of innovation in
environmental sustainability,” said Ewa Kozicz, Co-Head of CSI. “We
believe the current market is well positioned for CSI as many of
these companies are in need of capital and strategic support to
stay ahead of increasing competition. For CSI, these are more than
investments, these are partnerships that have the potential to
create meaningful change in their respective industries with
positive impact on both economies and society.”
Vusal Najafov, Co-Head of CSI, added, “The fundamental
environment for ESG-focused investments is quite attractive, and
the level of innovation and disruption has tremendous velocity.
Furthermore, the gap between data-driven business models and the
rest continues to expand. Key to understanding a sector in such
extreme forward motion, CSI actively utilizes technology and data
analytics in all phases of the investment process from sourcing to
portfolio management. CSI is actively looking to utilize its data
analytics software platform to help companies create value.”
Elizabeth Flisser Rosman, Head of Cowen Investment Management,
commented, “Sustainability is a cornerstone at Cowen, anchoring the
desire to make a broad positive impact within the firm, on the
financial industry, in communities, and among the companies with
whom we partner. Consistent with our approach and our focus on all
three components of ESG, CSI looks to identify unique opportunities
by leveraging the team’s deep cross sector expertise, identifying
emerging themes and actively driving value in the investment
process through the disciplined use of data analytics. We are proud
of the success of this strategy and are looking forward to future
outperformance for our clients.”
About the CSI Team:
Ewa Kozicz: Ms. Kozicz is the Co-Head of CSI and has more than
two decades of investment experience across asset classes and
sectors, including significant expertise in agriculture,
industrials, and financial services. Before joining CSI, she held
various executive and leadership positions at BlackRock and Goldman
Sachs.
Vusal Najafov: Mr. Najafov is the Co-Head of CSI and has two
decades of experience investing across asset classes and sectors
including significant expertise in energy, transport, and financial
services. He has applied data analytics throughout his career and
has held various portfolio management and leadership positions at
Goldman Sachs, Highbridge, and Indus Capital.
Threadmark Partners Limited and Frontier Solutions LLC served as
placement agents, and law firm Davis Polk & Wardwell LLP acted
as lead legal counsel to CSI.
About CSI:The CSI strategy is managed by Cowen
Sustainable Advisors LLC, a division of Cowen Inc. ("Cowen"). Cowen
is a diversified financial services firm offering investment
banking services, research, sales and trading, prime brokerage,
global clearing, commission management services and investment
management. Cowen focuses on delivering value-added capabilities to
our clients in order to help them outperform. Founded in 1918, the
Company is headquartered in New York and has offices worldwide.
Learn more at Cowen.com
Media Contact:Gagnier CommunicationsDan
Gagnier646-569-5897dg@gagnierfc.com
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