St. Cloud Capital becomes a signatory to the United Nations-backed Principles for Responsible Investment
LOS ANGELES, September 26, 2022 /PRNewswire/ — St. Cloud Capital, a Los Angelesprivate investment company, is delighted to announce its partnership with the United Nations-backed Principles for Responsible Investment (“PRI”). The PRI is a collective global network that unites investment managers, asset owners and service providers who are committed to investing responsibly by integrating environmental, social and governance (ESG) factors into their strategies. investment and their business operations. St. Cloud Capital will now support more than 5,000 global signatories, including prominent capital allocators, who collectively govern more than $121 trillion assets under management (AUM).
Since its inception in 2001, St. Cloud Capital has focused its strategy on providing access to capital to U.S.-based lower-middle-market companies, focusing investments on (1) small transactions that typically fall “in below the radar screen” of traditional sources of capital, y filling entrepreneurs’ need for capital, and (2) underserved communities, which include businesses owned and/or run by ethnic minorities, women and/or U.S. military veterans or based in underserved geographic areas, such as locations that house low-income individuals (“LMIs”) and locations that the U.S. Small Business Administration has designated as a historically underutilized shopping area (“HUBZone”). More than 80% of the capital invested in its three invested funds has had an impact on underserved communities.
“The cornerstone of our investment strategy has always been how best to align interests with the owners, operators and employees of the companies in which we invest. Being a signatory to the Principles for Responsible Investment is part of our overall corporate responsibility and governance best practices strategy, and ensures that we serve the long-term interests of our investors and the companies with which we partner through a focused strategy that aligns those interests through the ‘shareholding’, said Ben Hom, managing partner of St. Cloud Capital. “Our official endorsement of the PRI is an outward commitment to these guiding principles.”
David AtkinsCEO of the Principles for Responsible Investment, comments: “We are delighted to welcome St Cloud Capital as a signatory of the PRI. allowing investors to deliver the best possible results to beneficiaries. We look forward to working alongside St Cloud Capital in this important area in the future.”
About St. Cloud Capital: St. Cloud Capital is a Los Angelesprivate investment firm founded in 2001 to provide impactful growth capital to lower-middle-market U.S. companies (companies with annual revenues between $10 million and $150 million). St. Cloud has made more than 75 portfolio investments in companies across a wide range of industries and at all levels of the capital structure, including senior secured debt, subordinated debt, preferred stock and ordinary actions. For more information, visit www.stcloudcapital.com.
About the PRI: The PRI act in the long-term interests of its signatories, the financial markets and economies in which they operate and, ultimately, the environment and society as a whole. Signatories commit to integrating the PRI’s Six Principles for Responsible Investment into their investment, due diligence and portfolio management practices to create a more sustainable environment for global financial and investment activities. Launched in New York in 2006, the PRI grew to over 5,000 signatories, managing over $121 trillion in AUM. For more information, visit www.unpri.org.
Contact: Matt Smith, [email protected]
SOURCE St. Cloud Capital