Later than I promised, raw data research on David Blood in post 66. Nothing jumped out except that wikipedia doesn’t even have a page about him yet, and that he and Gore talk a lot about ‘sustainability’, a term also used reg. global taxes for the UN.
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Gore helping to start investment company
Tulsa World (OK) - Tuesday, November 9, 2004
Author: Bloomberg, AP and Staff Reports
Former Vice President Al Gore will help select investments for a firm he’s starting with David Blood , who used to head asset management at Goldman Sachs Group Inc.
The new company, Generation Investment Management, will target pension funds and clients who can invest at least $3 million.
Based in London, it will invest in companies whose business practices meet criteria based on how they treat their workers and the environment, as well as their potential for growth, Gore said.
“It will be focused on long-term global equities and on the integration of sustainability research with traditional equity analysis,” Gore told Bloomberg News. “My expertise is more on the issue of sustainability.”
Generation Investment plans to target investors who believe companies following so-called socially responsible guidelines will also post better returns, Gore said.
“The tobacco industry would almost certainly not qualify for a long-term investment strategy,” Gore said. That’s “because of the overhang of lawsuits, and its products kill its customers.”
Generation, which will also have an office in Washington, D.C., will start managing money in February for its six founding partners, who have put up more than $10 million.
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Gore to Advise Firm On Green Investing - Venture Capital Expands Into ‘Clean Tech’
Washington Post, The (DC) - Tuesday, November 13, 2007
Author: Rachel Konrad, Associated Press
Al Gore announced yesterday that he was joining Silicon Valley’s most prestigious venture capital firm to guide investments that help combat global warming.
Gore, 59, who won the Nobel Peace Prize last month for his work on climate change, joins Kleiner Perkins Caufield & Byers as it and dozens of other venture firms expand into “clean-tech” investments worldwide.
The former vice president, who starred in the Academy Award-winning documentary on global warming, “An Inconvenient Truth,” is expected to be a high-profile, active partner at Kleiner Perkins of Menlo Park, Calif. He was already a senior adviser to Google and a member of the board at Apple.
Gore said he would donate all of his salary as a Kleiner Perkins partner to the Palo Alto, Calif., advocacy group he co-founded, the Alliance for Climate Protection. The alliance focuses on accelerating policy solutions to the climate crisis. He would not disclose the amount.
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Additionally, Kleiner Perkins partner John Doerr announced yesterday that he was joining the advisory board of Generation Investment Management, the $1 billion investment firm Gore founded with David Blood , who previously managed $325 billion in assets at Goldman Sachs’s London office. Doerr is one of Silicon Valley’s most outspoken clean-tech advocates.
Clean technology encompasses alternative fuels, water purification, renewable energy and recycling programs and other eco-friendly initiatives, as well as products ranging from electric cars to microbes that search for oil in seemingly tapped-out wells.
North American and European venture capitalists invested $1.9 billion in clean-tech companies in the first half of 2007, a 10 percent increase compared with the first half 2006, the trade group Cleantech Network said.
Last year, Kleiner Perkins reserved $100 million of its $600 million investment fund for start-ups that work on reducing carbon dioxide emissions. The firm expects to dedicate one-third of new funding to clean tech by 2009.
In 2005, Kleiner Perkins named Colin Powell, a former secretary of state, a strategic limited partner, but the moderate Republican has not played a prominent role at the firm.
For years, Gore has been good friends with Doerr, a former Intel salesman who became a billionaire from early investments in start-ups such as Netscape Communications, Amazon.com and Google. They were together so much in the 1990s that fellow venture capitalist and former InfoWorld editor Stewart Alsop II created spoof political buttons that said “Gore and Doerr in 2004.”
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http://publicintelligence.net/generation-investment-management-llp/
Generation Investment Management LLP
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http://www.rockefellerfoundation.org/news/press-releases/global-impact-investing-network-launched
Press ReleasesShareThis Global Impact Investing Network Launched
New Industry Group Launched to Facilitate For-Profit Investing that Addresses Social and Environmental Challenges
September 25, 2009 / Press Releases
President Bill Clinton today announced the launch of the Global Impacting Investing Network (GIIN), a non-profit organization dedicated to promoting more effective impact investing around the world, at the Clinton Global Initiative in New York City. Impact investing is the use of for-profit investment to address social and environmental problems. The GIIN will promote the infrastructure, activities, education, and research that enable more effective impact investing, and will ultimately lead to a coherent, well-developed marketplace for the impact investing industry.
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Founding members announced today include:
Acumen Fund, The Annie E. Casey Foundation, The Bill and Melinda Gates Foundation, Calvert Foundation, Capricorn Investment Group, Citigroup, Deutsche Bank, Equilibrium Capital, Generation Investment Management, Gray Ghost Ventures, IGNIA, J.P. Morgan, Lundin for Africa, Lunt Family Office (Armonia), Omidyar Network, Prudential, The Rockefeller Foundation, Root Capital, Shorebank/NCIF, Trans-Century, Triodos Investment Management, and Wolfensohn & Company.
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http://www.globalimpactinvestingnetwork.org/cgi-bin/iowa/aboutus/history/index.html