Balderton Capital, the European venture and growth capital firm, has hired its first head of impact, Elodie Broad, as it looks to work on its “Sustainable Future Goals”.
Balderton has established 10 sustainability goals, inspired by the UN SDGs, and in December published its first annual report on its progress against these. It says it aims to progress these objectives through three channels: its investment decision-making, its own operations and the operations of its portfolio companies.
Broad joins from Deloitte, where she spent six years, latterly as a senior manager specialising in “ESG strategy and regulatory readiness for the investment management and private equity sectors”, according to her LinkedIn profile.
London-based Balderton has nearly $2 billion in assets under management, and closed on $1.28 billion of capital in 2021 across its eighth venture fund and its debut growth capital fund, according to PEI Media’s databases.
In 2018, Balderton raised its $145 million Balderton Liquidity I fund to make direct secondaries investments in European technology companies.
The fund buys stakes from early-stage investors, such as angel investors, founders and employees, who wish to get pre-exit liquidity, the firm said in a statement at the time. It targets minority stakes in software- and internet-based companies founded in the past decade that have raised more than $20 million.
This article first appeared in affiliate title New Private Markets.