Hedge Fund - Inclusive Capital

Inclusive Capital Partners, L.P. (“In-Cap”) is an SEC-registered investment adviser based in San Francisco, California. In-Cap aims to harness the power of capitalism and governance to promote a healthier planet and enhance the well-being of its inhabitants. The firm seeks to generate superior long-term shareholder value by actively partnering with companies whose core businesses contribute to sustainability or are transitioning to more sustainable practices.

Jeff Ubben is the Founder, Managing Partner, and Portfolio Manager of Inclusive Capital Partners, L.P. He currently serves as a director of Exxon Mobil Corporation, Vistry Group Plc, and Enviva Inc., and is a member of the Sustainability Council of Bayer AG. Throughout his career, Jeff has served on over 20 public company boards, including Fertiglobe Plc, The AES Corporation, AppHarvest, Inc., Nikola Corporation, and as chairman and director of Martha Stewart Living Omnimedia, Inc. He has also been a director of Catalina Marketing Corp., Gartner Group, Inc., Mentor Corporation, Misys plc, Sara Lee Corp., Twenty-First Century Fox Inc., Valeant Pharmaceuticals International, Willis Towers Watson plc, and several other public and private companies. Jeff is a former founder of ValueAct Capital, where he held roles as Chief Executive Officer, Chief Investment Officer, and Portfolio Manager. Before founding ValueAct Capital in 2000, he was a Managing Partner at Blum Capital Partners. Additionally, Jeff serves on the boards of Duke University, the E.O. Wilson Biodiversity Foundation, the World Wildlife Fund, and the Redford Center, and previously chaired the National Board of the Posse Foundation. He holds a B.A. from Duke University and an M.B.A. from the Kellogg School of Management at Northwestern University.

Inclusive Capital Partners is a hedge fund managing discretionary assets totaling $1,728,092,053 for 11 clients, as reported in their Form ADV dated March 29, 2024. Their latest 13F filing for Q1 2024 disclosed $330,291,307 in managed 13F securities, with a top 10 holdings concentration of 100%. The firm's largest holding is Strategic Education Inc., with 1,655,000 shares held.