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Purpose ESG
Purpose ESG is a private equity based in Vancouver, founded 2021; the Altss profile covers its classification, headquarters, registration, AUM band, and key...
Purpose ESG
Purpose ESG is the first innovative investment platform focused on the profitable pursuit of Sustainability and ESG Technology.
General information
Firm type
Private Equity
Year founded
2021
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Vancouver
Corporate office
Royal Centre, Suite 1500, 1055 West Georgia Street, PO Box 11117, Vancouver, BC, Canada
Principals
Young Bann
CEO
Kelvin Lee
CFO
Sector focus
Frequently asked questions
Who runs investment decisions at Purpose ESG?
CEO Young Bann leads investment decisions. His background includes management consulting at Booz Allen & Hamilton and Accenture, a corporate executive role at General Electric, and serving as CEO of Hyundai Materials. The team also includes CFO Kelvin Lee and capital-markets advisor Mike Young (per the firm).
Is Purpose ESG structured as a traditional venture fund?
No. The firm operates an investment platform that sources individual early-stage opportunities. Investors gain access on a deal-by-deal basis rather than committing to a blind-pool fund, which gives them direct line of sight into each company before they invest (per the firm).
What investment stages does Purpose ESG target?
The firm invests from prototype stage to commercial launch, spanning start-up, growth, management buy-in, management buyout, and spin-off structures. It aims to deploy capital into 2–3 equity-linked investments annually (per the firm).
How is Purpose ESG related to Eat & Beyond Global Holdings?
Purpose ESG is a portfolio company of Eat & Beyond Global Holdings, a publicly traded investment issuer. A July 2023 news release referenced this relationship when announcing the ClimateDoor partnership, creating a structure where an investment platform sits inside a public vehicle.
What is the target return profile for Purpose ESG?
The firm targets medium-term returns of 12% or more on its early-stage equity investments. Exit paths include public offerings, management buy-backs, and trade sales (per the firm).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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