Pegasus Capital Advisors Company Profile

Background

Overview

Founded in 1996 by Craig Cogut, Pegasus Capital Advisors is a leading private markets investment manager specializing in sustainability and health sectors. The firm is dedicated to creating long-term value beyond financial returns by investing in businesses that promote environmental stewardship and human well-being. As the first U.S. private equity fund manager accredited by the Green Climate Fund, Pegasus has invested over USD 2.6 billion across five private equity funds.

Mission and Vision

Pegasus aims to foster sustainable and inclusive growth while delivering attractive returns for investors. The firm focuses on sectors influenced by global resource scarcity and the need to combat climate change, as well as the growing demand for human health and wellness.

Key Strategic Focus

Investment Strategies

Pegasus employs a multi-faceted investment approach:

Private Equity: Investing in companies within the sustainability and health sectors to drive growth and create lasting positive impacts.

Sustainable Infrastructure: Focusing on renewable energy, energy efficiency, waste and water management, and nature-based solutions, particularly in emerging markets.

Sustainable Ocean Economy: Supporting scalable solutions in blue economy sectors that align with the mission to secure critical resources, drive sustainable economic growth, and build long-term resilience.

Core Objectives

The firm's primary objectives include:

Creating jobs and expanding access to clean energy.

Promoting water and food security.

Building stronger local economies.

Generating social and environmental outcomes that are intentional, material, and scalable.

Financials and Funding

Assets Under Management

Pegasus manages more than USD 1.8 billion in assets, offering both strategic expertise and capital to middle-market companies across various industries.

Investment History

Since its inception, Pegasus has completed over 90 investments, primarily in the sustainability and health sectors, across different business life cycles and geographies.

Pipeline Development

Key Investments

Pegasus's portfolio includes:

Agrion Agrosolutions S.A.: A Brazilian company producing organomineral fertilizers from sugar cane processing waste, promoting sustainable agriculture and soil health.

Carbonwave: A developer of advanced biomaterials from seaweed, transforming sargassum into products that replace petroleum-based materials.

Six Senses Grand Bahama: An ecotourism resort aiming to boost local tourism and environmental restoration in the Bahamas.

Recent Developments

In 2020, Pegasus launched the Subnational Climate Fund with an anchor commitment of USD 150 million by the Green Climate Fund, investing in renewable energy, energy efficiency, waste and water management, and nature-based solutions across global emerging markets.

Technological Platform and Innovation

Proprietary Technologies

Pegasus invests in companies with innovative technologies, such as:

Curvalux: Developing fixed wireless access technology to provide broadband connections with less energy consumption and lower costs.

Lighting Science Group: An award-winning leader in LED lighting solutions focusing on health and wellness impacts of light.

Scientific Methodologies

The firm emphasizes investments that incorporate scientific methodologies to address environmental challenges, such as Agrion's use of bio-stable organic matter in fertilizers to restore soil and ocean health.

Leadership Team

Craig Cogut
Founder, Chairman & CEO
Craig Cogut founded Pegasus in 1996 and has led the firm in focusing on sustainability and health investments. He previously co-founded Apollo Advisors L.P. and serves as Vice Chairman of the Board of Directors of PanTheryx.

David Cogut
Partner
David oversees investments in PanTheryx, Renaissance Downtowns, Six Senses US, and SleepScore Labs. He joined Pegasus after working at Moelis & Company.

Dale Galvin
Managing Director GFCR Investment Fund
Dale has held leadership roles in international conservation, finance, investment, and technology sectors, including serving as Fund Manager of the Meloy Fund I, LP.

Gina McCarthy
Senior Operating Advisor
Gina is the first-ever White House National Climate Advisor and former U.S. EPA Administrator, recognized for her leadership on climate change, the environment, and public health.

Leadership Changes

In 2018, Pegasus obtained accreditation by the Green Climate Fund, marking a significant milestone in its leadership's commitment to sustainable investing.

Competitor Profile

Market Insights and Dynamics

The investment management industry, particularly in sustainability and health sectors, has seen significant growth due to increasing global awareness of environmental and social issues. Firms focusing on impact investing are gaining prominence as investors seek both financial returns and positive societal impact.

Competitor Analysis

Key competitors include:

Generation Investment Management: Focuses on sustainable investments across public and private markets.

TPG Rise Fund: Invests in companies with measurable social and environmental impact.

KKR Global Impact: Targets businesses contributing to solutions for global challenges.

These firms share a commitment to integrating sustainability into their investment strategies, competing for similar opportunities in the market.

Strategic Collaborations and Partnerships

Pegasus has established partnerships with organizations such as:

Africa Adaptation Initiative: Aims to strengthen collaboration on adaptation across the continent.

AltaSea: Dedicated to accelerating scientific collaboration and advancing the blue economy.

Blue Climate Initiative: Brings together various stakeholders to protect the ocean and address climate crises.

Operational Insights

Competitive Advantages

Pegasus's distinct competitive advantages include:

Pioneering Impact Investing: As an early adopter of integrating social and environmental factors into investment processes.

Accreditation by the Green Climate Fund: Enhancing credibility and access to climate-focused investment opportunities.

Diverse Investment Strategies: Spanning private equity, sustainable infrastructure, and the sustainable ocean economy.

Strategic Opportunities and Future Directions

Pegasus plans to:

Expand Investments in Emerging Markets: Particularly through the Subnational Climate Fund.

Enhance Focus on Sustainable Technologies: Investing in innovative solutions addressing environmental challenges.

Strengthen Partnerships: Collaborating with organizations aligned with sustainability and health objectives.

Leveraging its experience and strategic focus, Pegasus is well-positioned to capitalize on opportunities in the evolving landscape of impact investing.