Wellington Management expands private investing capabilities with new climate-focused senior investors

PRESS RELEASE

Boston, London & Hong Kong – 24 February 2021 – Wellington Management, one of the world’s largest independent investment management firms, today announced it has hired two senior investors focused on private market sustainable investing. This additional investment in resources builds on the firm’s 14 years in climate investing, 27 years in alternatives investing and close to US$5 billion in dedicated committed capital in the private markets.

The new investors include Greg Wasserman, who brings 20 years of venture and growth investment experience across energy transformation, mobility, enterprise digitization, infrastructure, and fintech, the majority of which has been focused on climate solutions and sustainability, and Sean Petersen, who brings 15 years of global venture investing experience focused on climate, e-logistics, education and health. The new investors bring significant venture capital background with deep experience leading rounds of financing in companies targeting climate change.

Michael Carmen, senior managing director, and co-head of Private Investments at Wellington, said, “Greg and Sean’s skill and experience investing in private companies developing products and services that address climate change will augment Wellington’s deal flow and strengthen the value we bring to our partners.”

Prior to joining Wellington, Mr. Wasserman invested in technology, innovation and climate-related strategies at Generation Investment Management, Goldman Sachs and Galaxy Digital. He holds a bachelor’s degree from The George Washington University.

Mr. Petersen joins Wellington from AI Fund, an early-stage venture capital fund, where he served as a General Partner. Prior to that, he held roles with the International Finance Corporation (IFC) where he focused on making direct venture investments globally, and with Good Energies, where he served as a Director focusing on clean energy venture capital investments. Sean holds a B.Sc. in Chemical Engineering from Rensselaer Polytechnic Institute and an MBA from the Wharton School of the University of Pennsylvania.

“Climate change is a defining issue of our time, and the capital markets will play a critical role in meeting this challenge,” said Greg Wasserman, Lead Private Climate Investor. “I’m excited to join Wellington and focus on investing in disruptive private companies that are developing tech-enabled solutions to address climate change. I think the firm is a leader in climate and sustainability, with exceptional global investment capabilities. The Wellington team has built an impressive and differentiated private market investment platform that leverages the firm’s strengths, and Sean and I look forward to being part of the continued growth.”

The hiring of Mr. Wasserman and Mr. Petersen is another example of Wellington’s private equity and climate investing leadership, in addition to the firm’s partnership with the Woodwell Climate Research Center and its commitment as a founding member of the Net Zero Asset Managers initiative.

For more information, please visit www.wellington.com.


 

About Wellington Management

Tracing its history to 1928, Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,200 clients in more than 60 countries. The firm manages more than US$1 trillion for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients. As a private partnership whose only business is investment management, the firm is able to align its long-term views and interests with those of its clients. The firm offers comprehensive investment management capabilities that span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. With more than 800 investment professionals located in offices around the world, Wellington pairs deep multi-disciplinary research resources with independent investment teams operating in an entrepreneurial “boutique” environment. For more information, please visit www.wellington.com.

Media Contact Information

Prosek Partners on behalf of Wellington Management
[email protected]

Keep up with our sustainable investing efforts on our online hub.


Why Wellington for private equity? Learn more.

RECOMMENDED FOR YOU

The coming wave of disruption in financial services
Portfolio Manager Matt Lipton explains why some financial companies are finally catching up with other sectors that have long benefited from structural change driven by technological innovation — and why some incumbents will be left behind.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
publish
August 2021
The coming wave of disruption in financial services
,
publish
Mid-2021 Investment Outlook
As you look ahead to the second half of 2021, thought leaders from across our investment platform share their views on pressing questions.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
publish
August 2021
Mid-2021 Investment Outlook
,
publish
Rethinking growth and where long/short directional strategies fit in
With allocators looking for opportunities to recalibrate their growth exposures, Multi-Asset Strategist Cara Lafond shares her “best fit” criteria for long/short directional strategies and explains why the financial sector appears to check all the boxes.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
publish
July 2021
Rethinking growth and where long/short directional strategies fit in
,
publish
2021 Alternatives Annual Meeting Highlights
This highlights reel offers a quick look at the topics that are top of mind for our alternatives investors, from credit market dislocations to emerging market themes to cryptocurrencies.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
publish
July 2021
2021 Alternatives Annual Meeting Highlights
,
publish
Why fragility is the new reality for the stock market
Why do cracks seem to appear more quickly in the equity market today? Members of our Global Derivatives Team explain the precarious equilibrium in liquidity supply and demand and what it could mean for portfolio construction and investment strategy going forward.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
publish
June 2021
Why fragility is the new reality for the stock market
,
publish
New derivatives regulations: Adapting to rule 18f-4
We explore the impact of new SEC derivatives rule 18f-4 and highlight how we can help our clients adapt to the new requirements.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
publish
June 2021
New derivatives regulations: Adapting to rule 18f-4
,
publish
<em>Future Themes —</em><br> Tomorrow’s world today
For over 40 years, at each new business cycle, Wellington investors have been presented with a challenge: Look past current headlines to find structural trendlines that will shape markets, society, and the economy in the next five to 10 years.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
publish
May 2021
Future Themes —
Tomorrow's world today
,
publish
<p style="font-size: 13px; margin:7px 0;">FUTURE THEMES | SYSTEMS</p>Evaluating cryptocurrencies as an asset class
We explore cryptoassets’ potential as an asset class as the topic dominates the headlines.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
publish
May 2021

FUTURE THEMES | SYSTEMS

Evaluating cryptocurrencies as an asset class
,
publish