CREO Highlights Prime in New Report

CREO, a 501(c)3 charity and global community of family offices and foundations addressing climate change, recently released "Catapulting Canada's Clean Economy: A Leading Role for Family Offices." This report presents a strategic and catalytic framework for launching Canada's clean economy into global leadership. By leveraging four key assets: investment attributes, networks of influence, philanthropic capacity, and knowledge derived from operating businesses, Canadian family offices can take advantage of the tremendous economic opportunity of building and exporting decarbonization solutions the world needs.

'Philanthropic Capacity' is the second leverage point exemplified by Prime Coalition. The report reads, "Demonstrating philanthropy in the context of ventures, one catalytic example is the US-based Prime Coalition which has been instrumental in deploying catalytic capital for early-stage climate technology companies that might otherwise fail to secure financing. The coalition launched its own Impact Fund with 200 philanthropic impact investors – including many family offices -, backing nascent solutions with the potential to mitigate large-scale carbon emissions. Companies in their portfolio include Direct Lithium Extraction (Lilac Solutions), green steel (Boston Metal), and others, several of whom have since gone on to raise substantial financing from traditional investors and are beginning to deploy solutions. More recently, the success of PRIME Coalition has resulted in a spinoff fund with an early-stage venture thesis – Azolla Ventures – that is investing in climate technology companies with significant family office participation."

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