Real estate technology-focused venture capital firm Fifth Wall announced two new senior climate-focused hires, including Alok Sindher as Partner to expand the mandate of the firm’s climate business to include infrastructure, and Heather McGeory as Head of Climate and Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Partnerships.
According to Fifth Wall, the firm’s Climate business has focused primarily on taking non-controlling venture and growth equity stakes in promising startups. With the new appointment of Sindher, Fifth Wall said that it will now be able to invest in renewable energy infrastructure, decarbonization services, and project finance, as well as in debt securities and majority equity stakes in companies.
Prior to joining Fifth Wall, Sindher served as a Partner at The D.E. Shaw Group’s renewable energy and infrastructure platform. He currently serves as an Advisor to The Department of Defense’s energy transition and decarbonization efforts, and as an advisor at the Doerr School of Sustainability at Stanford University’s TomKat Center.
Brendan Wallace, Co-Founder & Managing Partner, Fifth Wall, said:
“Fifth Wall has firmly established itself as today’s leading venture and growth equity investor in emerging technologies to decarbonize the global real estate industry. Alok’s seasoned track record combined with our new ability to invest in Climate infrastructure is the necessary, synergistic element to accelerating the energy transition for the real estate industry, representing an $18 trillion opportunity.”
“I have been consistently amazed at the success and speed with which Fifth Wall has established itself as one of the top investors in Climate. I look forward to augmenting the team’s venture and growth equity investment capabilities with the infrastructure expertise needed to enable the industry to achieve carbon neutrality.”
McGeory joins the firm from APCO Worldwide where she advised multilateral institutions and corporates on their climate engagement. Prior to APCO, McGeory grew the We Mean Business Coalition, developing corporate commitments on climate change, such as the Science Based Targets Initiative.
Fifth Wall stated that McGeory will work collaboratively with the firm’s strategic investors to expedite their climate commitments.
“Fifth Wall has built an unparalleled consortium of real estate investors, representing the largest network of leading industry participants committed to sustainability in the world. I couldn’t be more excited to help them with their decarbonization goals.”