Lieef, a Los Angeles, CA-based startup investment firm focused on sustainability, closed its seed funding round of undisclosed amount.
The company intends to use the funds to scale operations and hire additional investment professionals.
Founded by Brad Kavin in February 2020, Lieef is an alternative investment platform focused on leveraging software traditionally used in the aerospace industry to amplify the capabilities of investment professionals and optimize the alternative investment business model. It focuses on partnering with both family offices and institutional investors wanting exposure to the emerging sustainable infrastructure asset class.
The firm is focused on supporting the institutional maturation of proven emerging infrastructure projects and companies and will not invest in situations with technology risk.
Lieef can make control and minority investments in both companies and infrastructure projects. Geographically, the initial focus is investment opportunities in North America. The firm only invests in projects or companies accelerating our transition towards a more sustainable future.
Investment size can range from $10m to over $500m or more, based upon risk and return profile.
Prior to this, Kavin spent nearly a decade supporting the launch of two sustainable investment platforms from inception at BlackRock and Cowen Investment Management, which collectively grew to over $30 billion dollars under management during his tenure. The founder has led or been involved in 19 sustainable private equity investments totaling $1.5 billion dollars of fund capital deployments in the United States, Canada, Japan, and Mexico.