About Us

GEF Capital Partners is a private equity fund manager focused on companies that promote resource efficiency and positive environmental impact. We began operations in March 2018 following the completion of a collaborative transaction with Global Environment Fund, an early pioneer in sustainability and environmental investing in key emerging markets, globally, and in the US.

Today, GEF Capital Partners seeks to build on the legacy of Global Environment Fund by focusing its investments in the United States, Latin America and South Asia across the following primary themes: clean energy, energy efficiency, waste and water. In certain geographies, we also focus our investments on additional sectors, such as sustainable food and agriculture, urban solutions, environmental services and others that have a bearing on resource efficiency/ conservation.
GEF Capital Partners brings the following key strengths for the benefit of investors and portfolio companies during the entire investment process:

  • Our knowledge and experience across the sectors where we invest;
  • Our operational expertise and hands-on approach partnering with exceptional teams to build fast growth
    companies;
  • Our on ground presence and extensive relationships which allow us preferred access to attractive
    investment opportunities.

Team

GEF Capital Partners is principally owned and managed by its six founding partners, who bring significant investment and operational experience in their core geographies. Being located in the US, India and Brazil, the team at GEF Capital Partners provides investors with a unique competitive advantage when it comes to sourcing, managing, adding value to portfolio companies and creating attractive liquidity events.

Aditya Arora

Principal – South Asia
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Aditya Arora joined GEF in 2015 and is responsible for sourcing, executing, and managing investments in South Asia.

He offers extensive experience in Indian private equity transactions, including portfolio management. Prior to GEF, Mr. Arora was an Investment Manager with Navis Capital, a South/Southeast Asia-focused private and public equity firm with $5.0 billion in assets under management, where he was responsible for sourcing, structuring, managing, and exiting investments. Prior to Navis, Mr. Arora was a member of the investment banking team of JM Financial, one of India’s leading investment banks, executing transactions in the consumer, healthcare, and infrastructure sectors. He currently serves on the board of XXX Mr. Arora holds an MBA from Indian School of Business, Hyderabad and received his Bachelor of Commerce from the University of Calcutta. He is also a Chartered Accountant and is proficient in English, Hindi, and Bengali.

Derek Beaty

Principal – Latin America
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Derek Beaty joined GEF in 2008. He has investment sourcing, deal execution and portfolio monitoring responsibilities across each of the target sector in emerging market countries for GEF Prior to joining GEF, Mr. Beaty evaluated investments and monitored portfolio companies for CIVC Partners, a Chicago-based private equity firm. Prior to CIVC, Mr. Beaty worked in M&A advisory for the investment banking divisions of both BMO capital and Arthur Andersen. Mr. Beaty currently serves on the board of directors of AGV Logistica and Neogas. Mr. Beaty has BS in Accounting from the University of Illinois at Urbana-Champaign and an MBA from Northwestern University’s Kellogg School of Management. Mr. Beaty is a certified Public Accountant (inactive). He has working knowledge of Spanish and Portuguese.

Ricardo Cifu

Analyst – Latin America
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Ricardo Cifu joined GEF in 2016. He is based in the São Paulo office, and is a member of the Latin America investment program.

Mr. Cifu holds a BA in Business Administration, with honors, from Fundação Getulio Vargas (FGV-EAESP),majoring in Corporate Finance.

Mario Mafud

Associate – Latin America
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Mario Mafud joined GEF in 2014. He is based in the São Paulo office, and is a member of the Latin America investment program.

Prior to joining GEF, Mr. Mafud was part of the corporate finance team at Voga, a mergers and acquisitions boutique acquired by Banco Indusval & Partners in 2013, and later joined the team responsible for structuring the Investment Banking franchise at BI&P, a portfolio company of Warburg Pincus. Mr. Mafud currently serves on the board of Luminae Mr. Mafud holds a bachelor’s degree in Production Engineering from Universidade de São Paulo (São Carlos – SP) and has credits in finance from Universidad Politécnica de Madrid (Spain).

Alipt Sharma

Principal – South Asia
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Mr. Sharma joined GEF in 2010, bringing extensive experience in Indian private equity transactions. He is responsible for sourcing, structuring, and managing investments in South Asia.

Prior to joining GEF, Mr. Sharma was a member of the investment team at AMP Capital Investors (AMP) in India, where he was responsible for identifying, analyzing, and managing Indian infrastructure opportunities. Prior to joining AMP, Mr. Sharma was an Associate Vice President with Ambit Corporate Finance, a leading Indian investment bank, where he focused on acquisitions and private equity transactions while assisting in the expansion of its capital markets practice. Mr. Sharma also spent seven years with Arthur Andersen and Ernst & Young, leading teams on consulting assignments for companies in the power and telecommunications sectors. He is proficient in English and Hindi. He currently serves on the board of XXX Mr. Sharma has a BA in Economics from Shri Ram College of Commerce, Delhi University, and an MBA from the Indian School of Business. He is also a Chartered Accountant.

Paula Torre

Office Manager – Latin America
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Paula Torre joined GEF in 2015 and is based in the São Paulo office. Prior to joining GEF, Ms. Torre was part of administrative team at Rioforte Investimentos, a non-financial holding of Espirito Santo Group, a Portuguese company with investments in Portugal and Europe, Americas, Africa and Asia.

Ms. Torre holds a BA in Business Administration from Universidade Ibero Americana in São Paulo and has a postgraduate degree in Business Management from FAAP – Fundação Armando Alvares Penteado in São Paulo.

Investment Strategy

We seek to generate superior risk-adjusted returns through the core pillars of private equity investing:

Value

Seek value in specialized businesses where current market perception misprices key assets or businesses

Growth

Identify secular, macro and regulatory trends that will allow for outsized growth dynamics

Operational

Find opportunities to serve as a value-added partner to management or company founders to
drive operational improvement

Efficient Capital

Bring efficient capital solutions to areas where none existed, thereby unlocking value
Our investment approach considers two primary criteria to filter opportunities, the first being a prospective company should be operating in a market where it can achieve high levels of growth and market-rate financial returns. The second criteria is the positive impact the investment can create on environment and resource efficiency.

Impact / ESG

At GEF Capital Partners we believe that the financial returns and environmental, social and governance (ESG) considerations are not mutually exclusive. We know from our experience that superior financial returns more likely stem from pursuing proactive ESG objectives.
Our approach to ESG considers:

  • Strong environmental and resource efficiency assessment framework
  • Impact evaluation aligned with UN Sustainable Development Goals
  • Strong ESG processes and procedures

Portfolio

Offices

Brazil
Av. Pres. Juscelino Kubitschek, 2041
Torre D – 14th Floor – WeWork
São Paulo, SP 04543-011
+55.11.3073.0444
India
WeWork Building, C-20, G Block
Bandra Kurla Complex
Mumbai 400051
+91.22.4445.1137
United States
4800 Montgomery Lane
Suite 450
Bethesda, MD 20814
+1.240.482.8896