Richard Kauffman, the Former Chairman of Energy and Finance for New York State, serves as Chairman of the investment committee for Lightsmith Climate Resilience. ![]() Lightsmith Climate Resilience invests in growth-stage companies whose technologies can address the growing physical impacts of climate change, which represents an estimated total addressable market of over $170 billion today. Climate Policy Initiative (CPI) has concluded that Lightsmith Climate Resilience is the first private equity fund focused on climate resilience, and reported that until now, less than $500 million per year of private investment has targeted climate change adaptation. ![]() Lightsmith Climate Resilience is focusing on six initial technology areas: water efficiency and smart water management, resilient food systems, agricultural analytics, geospatial intelligence, supply chain analytics, and catastrophe risk modeling and risk transfer. Lightsmith Climate Resilience helps companies scale up by applying their technologies to help businesses and communities adapt to climate change, by expanding internationally, particularly in emerging markets, and by partnering with Lightsmith’s global network of companies and governments. To date, Lightsmith Climate Resilience has made investments in SOURCE Global, a water harvesting technology company with an off-grid solution to produce affordable drinking water from sunlight and air, and Wa圜ool Foods, an India-based agriculture and food supply chain services company applying physical automation and digital technology to reduce food wastage and improve farm output. Lightsmith Climate Resilience is committed to delivering economic returns while adhering to global environmental, social, and governance (ESG) standards and providing impact assessment through its Impact Measurement System (IMS). “Lightsmith has brought together a team with a unique combination of experience in direct investment and climate change and has secured the commitment of leading global investors to invest in climate resilience.” “Lightsmith Climate Resilience is the first private equity fund to focus on investing in solutions to the effects of climate change,” said Kauffman. “Increasing drought, agriculture stress, and supply chain disruption linked to climate change will drive demand for data and analytics to understand those risks and for the solutions to manage them.” “Climate resilience technologies are an overlooked, multi-billion dollar investment opportunity that will just keep growing,” said Koh. “As investors, we know very little about the future with any certainty. One thing we do know is that companies that have smart solutions to respond to climate change will be increasingly in demand. from Yale Law School.“Climate resilience technology is an opportunity for investors and for us all.” Investing in climate resilience solutions can deliver both financial returns and real benefits to companies, communities, and individuals,” said Wagle. magna cum laude in Economics from Harvard College, a master’s degree in Management from Oxford University, and a J.D. Koh serves as an adjunct professor at Columbia University’s School of International and Public Affairs and is a member of the Council on Foreign Relations. He is also the Founder & Chair of the Global Adaptation & Resilience Investment Working Group (GARI), a private investor-led initiative that was launched at Paris COP21, and is an official partner of the UN Secretary General’s A2R Climate Resilience Initiative. Koh serves on the Board of the New York State Energy Research and Development Authority (NYSERDA), and the advisory committee to the NY Green Bank. Souter, United States Supreme Court, and to Judge Michael Boudin, United States Court of Appeals for the First Circuit. From 1998 to 2000, he served as a law clerk to Justice David H. ![]() Koh focused on direct growth equity investing as a Principal at The Carlyle Group, where he worked from 2000 to 2007 and also from 1993 to 1995. Koh led private equity and illiquid investing for Europe, the Middle East, and Africa (EMEA) at R3 Capital, formerly the Global Principal Strategies Division of Lehman Brothers. Koh led the agency’s $2.6 billion active emerging markets private equity program. Koh was the Head of Investment Funds and Chief Investment Strategist at the Overseas Private Investment Corporation (OPIC). Prior to joining Siguler Guff in 2012, Mr. Koh was a Managing Director and Partner of Siguler Guff, a global alternative investment firm with over $10 billion under management. Prior to co-founding Lightsmith in 2016, Mr. ![]() Koh has over 20 years of experience in investing and public policy in the public and private sectors. Jay Koh is co-founder & Managing Director of The Lightsmith Group.
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