Private Equity

The power of businesses

We believe the business sector is crucial in achieving a more sustainable world. To leverage on this potential, we combine the competitive advantage of each business with Trill Impact’s access to relevant competence, connections, capital and our recognized impact investing culture.

Together with Trill Impact’s portfolio companies, we are on a mission to deliver real returns and lasting impact by building impact leaders – businesses and people. Within our Private Equity strategy, we seek to invest in companies with both financial and societal impact potential.

Are you interested in becoming part of our Impact House and joining our efforts in Private Equity?

Join our journey

Team to build impact leadership

Our team of experienced investment advisory professionals works seamlessly integrated with six Impact & ESG experts. Together, we leverage the wider Trill Impact platform and a number of dedicated senior advisors and external industry specialists.

Meet the team

Portfolio companies

As an active and close partner to the portfolio company's management, we will embark on a journey to accelerate profitable growth and support each company to reach its full impact and value creation potential.

We are thrilled to present our already impactful and value creating portfolio companies:

Meet our portfolio companies

IMPACT approach

Trill Impact combines industry best practices with a mindful impact culture and toolbox aimed to help each company reach its full impact and value creation potential. Trill Impact's approach for impact investing life cycle management is applied in each of our investment strategies. Within Private Equity, our IMPACT approach is applied across Trill Impact’s businesses and tailored to fit the specific company strategy.

Hover on each of the letters below to explore how we assess current and potential impact, and define the Value Creation Impact Plan:

Ideate

Identify impact and value creation opportunity, guided by the SDGs, with the aim to grow and develop the business. The investment must fit with our theory of change.

Materialize

Explore each company's starting point and full value creation impact potential using our Impact Rating Model and globally recognized impact and ESG frameworks.

Partner

Partner with management to align on an indicative Value Creation Impact Plan, including preliminary KPIs.

Accelerate

Finalize a Value Creation Impact Plan, with KPIs and targets to measure success with customers.

Collaborate

Collaborative approach, providing support, tools, and expertise to accelerate, measure, and communicate impact and value creation.

Transfer

Upon exit, consider how the impact mission can be further developed with new ownership. Assess and analyze the impact generated against the targets.

Idea generation Investment Ownership

Theory of Change

The Theory of Change model is part of the IMPACT approach above and covers the Ideate phase. Before investing, we confirm that the investment fits our theory of change and has the potential to deliver social and environmental impact.

Below, learn more about how the Theory of Change is applied within Private Equity to test the investment's impact delivery process:

Input

Resources provided

Capital

Equity
Attractive impact- and ESG-linked financing

Culture, connections and competence

Purpose-driven strategy and culture
Dedicated team to support value creating impact acceleration
Extensive network - deep industry expertise

Activity

Activities to drive outcomes

Growth and efficiency

Product development
Organic growth/M&A
Geographic expansion
Adjacent segments
Operational excellence

Impact acceleration & responsible operations

Business model with impact intention
Strategic impact and ESG management
Risk and opportunity efforts

Output

Positive output generated by the companies

Some examples:

Energy saved
Water saved
Patients reached
Students reached
Identities protected
Economic value created

Outcome

Positive impact proposition to people and society

Some examples:

Improved learning
Improved health
Secure society
Climate issue addressed
Market-rate returns for investors

Impact

Impact objective

Portfolio companies equipped to accelerate positive impact long term related to the following themes:

Sustainable planet
Healthy people
Secure society

Input

Activity

Output

Outcome

Impact

Impact Rating Model

This due diligence model is part of the IMPACT approach above and covers the Materialize phase, in which the investment’s impact potential is systematically assessed and measured.

The model is based on Impact Management Project's (IMP) five dimensions of impact, integrated with Trill Impact’s own rating approach. Through this assessment we can at a very early stage categorize each investment according to the IMP’s impact classifications; benefit stakeholders or contribute to solutions.

The five dimensions of impact help to build an understanding of each investments’ value creation potential.

The five dimensions

What? What outcome (+/-) is the business contributing to related to the SDGs? How important is it to the stakeholders experiencing the outcome?
Who? Who experiences the impact? How underserved are the targeted people / environment?
How much? How many stakeholders experienced the outcome, what degree of change do they experience and how long do they experience the outcome?
Contribution? What is the company’s contribution to what would likely happen anyway? What strategies will Trill Impact use to contribute?
Risks? What are the risks that the company and Trill Impact will face related to impact? What is the risk that impact does not occur as expected?

Managing, measuring and reporting

After entering a partnership with a new investment, three phases follow - Accelerate, Collaborate, and Transfer. Key areas to manage are identified early in the investment process.

KPIs are selected prior to closing
Baselines and targets are set during the onboarding process
KPIs are reported and monitored along the whole journey

Company specific KPIs

We set impact and ESG targets based on key priorities and improvement areas.

Impact KPIs and targets are unique for each company
ESG KPIs and targets are tailored to each company based on materiality

ESG targets across all portfolio companies

We set targets on three areas for all portfolio companies.

% GHG reductions using science-based targets
Gender equality targets using the SHE index
Code of conduct targets based on the UN Global Compact principles