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Laxman Pai, Opalesque Asia: Eolas Capital, a Boston-based incubator and strategic investment adviser for asset and wealth managers, will take an equity stake in Harmony Capital Advisors, an impact investment boutique.
Harmony Capital Advisors manages a global all-cap equity strategy investing exclusively in companies that develop sustainable solutions within their industries and seek to build long-term shareholder value.
According to a joint press release, under the terms of the agreement, Eolas Capital will take an equity stake in Harmony Capital and provide operational support, marketing, and distribution for Harmony's impact strategy to investment consultants, institutional asset owners, and wealth platforms, with an initial emphasis on endowments and foundations.
Rye, New Hampshire-based Harmony Capital was launched in 2021 by Robin Wehbe, president, and chief investment officer. Wehbe previously was the lead portfolio manager of the global natural resources strategy for Mellon Investments, where he worked for 14 years.
Harmony Capital's global portfolio is diversified across economic sectors as well as eight paths of impact: clean energy; circular economy; green infrastructure and water; agriculture; access to healthcare; financial inclusion; safety and security; and education. Harmony Capital engages with companies to improve behavior and disclosure and prioritizes key performance indicators to measure progress.
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