Former Goldman, Bankers Trust veterans look to raise $109m for ESG fund Beckon Capital

US dollars. Photographed by Colin Watts on Unsplash

Two former veterans of Goldman Sachs Asset Management and Bankers Trust are turning their hands to the rapidly growing business of sustainable investing, aiming to raise up to A$150 million ($109 million) within six months for a new equity fund.

Philip Moffitt, the former head of fixed income for Asia Pacific at GSAM, and Christopher Selth, who once headed the international funds management operations at BT, established Beckon Capital to source investment opportunities across small- to medium-sized businesses in Australia and New Zealand.

Beckon will seek out private firms focused on helping the community or environment, such as health care and financial services for marginalised groups, and bring them within reach of a broader investor base, according to Moffitt.

“Investors have had limited ability to gain direct access to SME exposure as well as support the sustainable contributions this sector makes to the economy,” said Moffitt, who worked at Goldman for two decades before leaving to pursue a doctorate in psychology last year.

Beckon joins a throng of funds pumping money into assets with positive environmental, social, and governance objectives, whose value has skyrocketed to over $40 trillion globally. It has invested in five local companies so far.

Beckon’s technology platform allows SMEs to connect to the investment firm for assessment, providing them with tools to improve their productivity and decision making, Moffitt said.

Bloomberg

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.