From the founders of New Island Capital Management & Grounded Capital

Following a year of consideration and diligence, the Stewards of New Island Capital Management and Grounded Capital have agreed to launch a new, long term partnership From November 1st, 2022, Grounded Capital, under its founder Stephen Hohenrieder, will advise and manage the investments and assets formerly advised by New Island

The Founders have discovered a deep alignment around investment philosophy and impact goals Both parties are confident that this partnership will achieve measurable financial, social, and environmental benefit

For more details, please refer to our Joint Statement and visit www groundedcapital com