Capricorn Investment Group (“Capricorn”, “the Firm”) was founded in 2000 in partnership with Jeff Skoll, the founding president of eBay, to manage his personal capital as well as the capital of the Skoll Foundation and the Skoll Fund (collectively referred to as “Anchor Clients”). The Firm was born from a belief that sustainable investment practices can enhance risk-adjusted returns and has grown to manage approximately $9 billion in multi-asset class portfolios for families, foundations, and institutional investors, with offices in New York City and Palo Alto. We have served as an Outsourced Chief Investment Officer (OCIO) to our Anchor Clients since inception and our core leadership team has been responsible for managing the portfolios since 2004. The principal activity of the Firm has been managing long-term sustainable investment portfolios with risk, return, and liquidity targets appropriate for each of our clients.
Our investment objective is to generate returns sufficient to grow the inflation adjusted value of the portfolios over the long term while meeting our clients’ current payout needs to support philanthropic and strategic objectives. Underpinning our approach has been the integration of sustainable investment practices to enhance both long-term returns as well as risk management, and the view that it is integral to meeting our fiduciary duty to our clients. Capricorn’s origins and experiences affirm our belief that aligning the entirety of an institution’s resources is the optimal way to effect lasting positive change. Over the last 15 years, we have provided advisory and discretionary OCIO services to select external clients in addition to the portfolios managed on behalf of the Anchor Clients. These external clients were acquired organically through industry connectivity and alignment of goals and lay the groundwork for the buildout of our OCIO platform.