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S2G Investments
S2G Investments, LLC is an SEC-registered investment adviser in Chicago, IL, registered since 2024. The firm manages $2.6 billion in assets, with $2.5 billion...
S2G Investments
S2G Investments, LLC is an SEC-registered investment adviser in Chicago, IL, registered since 2024. The firm manages $2.6 billion in assets, with $2.5 billion on a discretionary basis. It has 55 employees and 55 investment advisers.
General information
Firm type
Asset Manager
Year founded
2014
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Additional offices
San Francisco, CA · Boston, MA · New York, NY
Principals
Victor Friedberg
Co-Founder & Managing Partner
Sanjeev Krishnan
Co-Founder & Managing Partner
Chuck Templeton
Co-Founder & Managing Partner
Sector focus
Frequently asked questions
How is S2G Investments related to the Walton family?
S2G was capitalized at launch by the Walton family and continues to enjoy a close relationship with that capital base, though it operates as an independent investment firm. The Waltons' multigenerational wealth provides patient, alignment-driven funding that lets S2G underwrite long-horizon science and infrastructure bets. There is no evidence of the Waltons exerting day-to-day control over investment decisions or portfolio construction.
Who leads investment decisions at S2G?
Co-founders Victor Friedberg, Sanjeev Krishnan, and Chuck Templeton set the firm's investment strategy and lead the investment committee. Friedberg and Krishnan serve as managing partners, with active involvement in both origination and portfolio support. The team includes sector-specific partners who bring scientific and operational expertise to diligence.
Does S2G invest only in venture capital, or does it use other structures?
S2G uses multiple structures including venture equity, private credit, and infrastructure-style project finance. Its core venture funds target seed through growth-stage companies, while its special opportunities vehicle pursues longer-duration assets that require blended capital stacks. This flexibility lets the firm fund an alternative-protein startup and a grid-scale renewable project from the same pool of insight.
Which sectors does S2G explicitly avoid?
S2G does not publish an explicit avoidance list, but the firm's capital consistently flows into food systems, agriculture, oceans, and the energy transition. It has no recorded investments in defense, consumer social platforms, or clinical biopharma. Its thesis is narrow by design — the firm passes on opportunities that fall outside a definable contribution to the food-energy-water nexus.
What is S2G's known posture on co-investments alongside external GPs?
S2G regularly co-invests alongside sovereign wealth funds, strategic corporates, and other climate-aligned managers. The firm has participated in syndicated rounds where it led or followed, but it prefers deals where its sector-specific operating knowledge provides a differentiated advantage. The firm does not act as a passive LP in generalist venture funds; its capital moves alongside GPs on a deal-specific basis.
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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