Capital Series: Mark Berryman and Nick Flores, Caprock
Media Type |
audio
Categories Via RSS |
Business
Science
Technology
Publication Date |
Nov 01, 2023
Episode Duration |
00:53:50

This episode is part of our Capital Series hosted by Jason Jacobs. This series explores a diverse range of capital sources and the individuals who drive them. From family offices and institutional LPs to private equity, government funding, and more, we take a deep dive into the world of capital and its critical role in driving innovation and progress. 

On today’s MCJ Capital Series, we have two guests: Mark Berryman, Managing Director of Impact Investments, and Nick Flores, Managing Director of Impact Investing and Client Advisor for Caprock

Caprock is a multifamily office that provides customized, comprehensive and strategic financial solutions for a select number of families and foundations. They advise over $8 billion in assets of which over $2 billion has been allocated to impact investments. Caprock is a founding B corporation, which certifies that they meet the highest standards of verified social and environmental performance, public transparency and legal accountability to balance profit and purpose. 

In this episode, we cover: 

  • [2:05] An overview of Caprock
  • [3:07] The roles and collaboration between the client advisory and investment research teams at Caprock
  • [5:38] Caprock's approach to impact, due diligence and monitoring
  • [8:48] The firm's emphasis on privates
  • [18:21] Client demand for deeper and more niche impact investment opportunities
  • [25:19] How Caprock thinks about return profiles
  • [30:51] Criteria for manager and fund selection
  • [34:13] Tracking specialists vs generalists
  • [38:23] Nick and Mark's concerns and what excites them in the climate space
  • [41:35] Caprock's interest in deep tech
  • [45:00] Thoughts on first of its kind (FOAK)
  • [47:31] Evolution of LP base and barriers holding it back
  • [51:31] Continuous learning and knowledge sharing as a key aspect of Caprock's approach to impact investing

Resources mentioned: 

Correction: In this episode, Jason mistakenly refers to Caprock as having over $8 billion in assets under management. Caprock advises over $8 billion in assets. 

Get connected: Jason Jacobs X / LinkedInMark Berryman LinkedInNick Flores LinkedInMCJ Podcast / Collective

*You can also reach us via email at info@mcjcollective.com, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.

Episode recorded on Oct 12, 2023 (Published on Nov 1, 2023) 

Get connected with MCJ: 

*If you liked this episode, please consider giving us a review! You can also reach us via email at info@mcj.vc, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.

On today’s MCJ Capital Series, we have two guests: Mark Berryman, Managing Director of Impact Investments, and Nick Flores, Managing Director of Impact Investing and Client Advisor for Caprock. Caprock is a multifamily office that provides customized, comprehensive and strategic financial solutions for a select number of families and foundations. Caprock advises over $8 billion in assets of which over $2 billion has been allocated to impact investments. They're a founding B corporation, which certifies that they meet the highest standards of verified social and environmental performance, public transparency and legal accountability to balance profit and purpose.

This episode is part of our Capital Series hosted by Jason Jacobs. This series explores a diverse range of capital sources and the individuals who drive them. From family offices and institutional LPs to private equity, government funding, and more, we take a deep dive into the world of capital and its critical role in driving innovation and progress. 

On today’s MCJ Capital Series, we have two guests: Mark Berryman, Managing Director of Impact Investments, and Nick Flores, Managing Director of Impact Investing and Client Advisor for Caprock

Caprock is a multifamily office that provides customized, comprehensive and strategic financial solutions for a select number of families and foundations. They advise over $8 billion in assets of which over $2 billion has been allocated to impact investments. Caprock is a founding B corporation, which certifies that they meet the highest standards of verified social and environmental performance, public transparency and legal accountability to balance profit and purpose. 

In this episode, we cover: 

  • [2:05] An overview of Caprock
  • [3:07] The roles and collaboration between the client advisory and investment research teams at Caprock
  • [5:38] Caprock's approach to impact, due diligence and monitoring
  • [8:48] The firm's emphasis on privates
  • [18:21] Client demand for deeper and more niche impact investment opportunities
  • [25:19] How Caprock thinks about return profiles
  • [30:51] Criteria for manager and fund selection
  • [34:13] Tracking specialists vs generalists
  • [38:23] Nick and Mark's concerns and what excites them in the climate space
  • [41:35] Caprock's interest in deep tech
  • [45:00] Thoughts on first of its kind (FOAK)
  • [47:31] Evolution of LP base and barriers holding it back
  • [51:31] Continuous learning and knowledge sharing as a key aspect of Caprock's approach to impact investing

Resources mentioned: 

Correction: In this episode, Jason mistakenly refers to Caprock as having over $8 billion in assets under management. Caprock advises over $8 billion in assets. 

Get connected: Jason Jacobs X / LinkedInMark Berryman LinkedInNick Flores LinkedInMCJ Podcast / Collective

*You can also reach us via email at info@mcjcollective.com, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.

Episode recorded on Oct 12, 2023 (Published on Nov 1, 2023) 

Get connected with MCJ: 

*If you liked this episode, please consider giving us a review! You can also reach us via email at info@mcj.vc, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.

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