Sure, said Richard A. Ferri, the chief executive of Portfolio Solutions, which is based in Troy, Mich.
"Anyone who is interested in investing in something related to sustainability should go beyond the front page of a Web site and the marketing materials and read the holdings in the funds," said Leslie E. Christian, chief executive of Portfolio 21 Investments, which runs a green mutual fund.
Investors receive an owner's manual, an activity book, profiles of companies in the fund and a chance to pose questions to the chief executives of portfolio companies.
Barry Diller is also stepping down as IAC's CEO, and will be replaced by Greg Blatt, formerly chief executive of IAC portfolio company Match.com.
The company named the firm's founder and chief executive, Charles Feld, 61, executive vice president of portfolio management and said he would lead development of products and services.
Among other things, it fosters exchange among the executives of its portfolio companies.
Investing Gets Personal | Venture capitalists have become more than mere financiers, interacting with executives of their portfolio companies like "mentors, rabbis and consiglieres, all wrapped up in one," Crain's New York Business writes.
Blackstone recently held a gathering in China for 33 chief executives of its portfolio companies to discuss, among other things, how to expand their activities there.Western private-equity firms are also keen to raise new capital from China.
Top-tier outfits like Kleiner Perkins Caufield & Byers in Menlo Park, Calif., for example, set up "affiliate funds" to let the chief executives of their portfolio companies and other friends of the firm participate in a fund's profits along with their traditional limited partners.
For example, they organize yearly CEO, CFO and CTO summits in which executives of all portfolio companies in certain roles come together, as well as a related online community.
General Catalyst Partners, a private equity firm in Boston, said Jon Miller would be chief executive of a new portfolio company it has created to focus on "multichannel, interactive commerce".
