The Heritage Group Launches Corporate Venture Arm

The Heritage GroupIndianapolis based The Heritage Group (THG) has launched HG Ventures, a new corporate venture arm making investments that will position THG for future growth and business line expansion.

Although not structured as a venture fund of specific size, the magnitude of investment activity for HG Ventures is expected to reach $50m per year within a short time after launch.

Focused on early and growth-stage opportunities but with flexibility to invest at any stage across the venture capital spectrum, HG Ventures will seek to leverage The Heritage Group’s long history of innovation in infrastructure, materials, energy and environmental services.
In addition to providing funding, the arm will provide portfolio companies with guidance, contacts and partnership opportunities during the launch phases of their businesses.

HG Ventures will operate out of the New Ventures Group, THG’s newest division. The New Ventures Group will support innovation and new business creation internally and externally. New Ventures will be led by entrepreneur and investor Kip A. Frey, who joined The Heritage Group after serving as Vice Provost for Innovation and Entrepreneurship at Duke University.
Prior to his role at Duke, Frey was a venture capitalist and entrepreneurial CEO for multiple startups.

Led by Amy Schumacher, President, The Heritage Group is a privately held portfolio of companies focused on creating long-term value by building world-class businesses in core industries of Environmental and Remediation, Specialty Chemicals and Fuel Products, and Construction and Materials.



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