Inclusive Capital Partners

Inclusive Capital Partners

Inclusive Capital Partners was founded in 2020 by Lynn Forester de Rothschild, a lawyer and entrepreneur who previously served as CEO of E.L. Rothschild, a holding company with interests in media and agriculture. The firm is built around the thesis that companies demonstrating strong environmental, social, and governance practices can deliver superior long-term returns. Forester de Rothschild has publicly framed Inclusive Capital as a vehicle for values-aligned capitalism, drawing on networks developed through her roles on corporate boards and policy advisory groups. The firm takes concentrated, long-term positions in public and late-stage private companies where it can engage directly with management on sustainability strategy. Its investment focus spans the energy transition, sustainable agriculture, and inclusive financial services. Known holdings have included The RealReal, a luxury consignment platform the firm believes can advance circular-economy principles, and Enphase Energy, a solar microinverter manufacturer central to distributed clean-energy infrastructure. Inclusive Capital has also held a position in Newmont Corporation, one of the world's largest gold miners, where it advocated for stronger ESG disclosures and board accountability. The firm operates from a single pool of capital and does not offer separate fund products to outside investors. Forester de Rothschild leads the investment team from San Francisco. The firm draws on a global advisory network spanning Europe, North America, and emerging markets but maintains a lean operational footprint. In recent cycles, Inclusive Capital has filed 13D activist disclosures indicating its willingness to push for board representation or strategic shifts at portfolio companies. A previous vehicle, E.L. Rothschild, held controlling stakes in businesses such as The Economist Group through a family holding structure; Inclusive Capital represents a distinct chapter oriented entirely toward public-market ESG activism rather than private holding-company control. Structurally, Inclusive Capital departs from the typical ESG fund model by operating as a concentrated activist vehicle rather than a diversified asset gatherer. Forester de Rothschild's dual identity as an investor and a policy voice — she is a member of the Council on Foreign Relations and has advised the UN on broadband development — gives the firm a stakeholder-engagement playbook that blends corporate governance campaigns with government-relations fluency. The firm rarely discusses assets under management, reinforcing a posture focused on influence per dollar deployed rather than scale.