Everside Becomes Certified B Corporation
September 2022
Everside Capital Partners is proud to announce its status as a Certified B Corporation. This process has taken one and a half years and an estimated 120 hours of review, discussion, assessment, and collaboration between the non-profit governing body B-Lab and Everside.
Certified B Corporations (B Corps) are businesses that meet the highest standards of social and environmental performance, public transparency, and legal accountability to balance profit and purpose. Becoming certified is a tool to drive positive change in the Everside ecosystem and beyond to impact all stakeholders – not just limited partners.
- To pass the B Corp verification process, companies must achieve a minimum score of 80 out of a possible 200 points. Everside is proud that our final score of 117.8 demonstrates our commitment to responsible ownership and being a powerful force for good.
- Everside is 1 of just 149 Certified B Corporation investment advisor firms – representing less than 3% of all B Corps globally.
- Of these 149 investment advisor B Corps, only 34 are our size or larger as measured by total number of employees and based in the United States.
While Everside has always placed great importance on our ESG footprint, this is a further tangible step to cement our commitment and increase our measurable impact. Everside is not just the investments we make or the people we employ. We are partners with the communities we conduct business in and strive to be leaders in taking care of our human capital.
To that end, we’re proud of the impact we’ve achieved thus far and look forward to the future:
- 33% of our current investment team are female and minority. We are focusing our recruiting efforts on historically underrepresented groups in finance.
- A unique facet of the SBIC program is that data is collected from underlying companies on women, minority, and veteran ownership and management (in addition to other important metrics.) Since Everside currently tracks this data for the companies we have exposure to, we hope to see an increase in representation across the board and use data as a tool for change.
- Our goals for 2022 and beyond include energy conservation, waste reduction, and working alongside portfolio companies to encourage and invest in a more diverse and sustainable future.
We are proud to join a community of over 5,000 other B Corporations in 84 countries across 157 industries with one goal: to make business about people and impact, not just the bottom line.
To learn more about Everside’s B Corp status, click here
Everside is an SEC-registered investment advisor, as well as a SBIC (Small Business Investment Company) license holder based in New York, NY. With over $1.9 billion in assets under management across its funds, Everside partners with leading SBIC managers in the lower middle market through its primary and secondary investing strategies, and also makes direct credit and equity investments in small businesses through its direct investing strategies. As a flexible capital provider, Everside offers debt and structured equity solutions for recapitalizations, acquisitions, liquidity events, and management buyouts.
For more information, please visit us at everside.com.
*This communication is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or of any fund or account Everside Capital Partners, LLC (the “Adviser”) manages or offers. Although the information provided herein has been obtained from sources which the Adviser believes to be reliable, we do not guarantee its accuracy, and such information may be incomplete or condensed. The information is subject to change without notice and the Adviser has no obligation to update you.
This document should not be the basis of an investment decision. An investment decision should be based on your customary and thorough due diligence procedures, which should include, but not be limited to, a thorough review of all relevant term sheets and other offering documents as well as consultation with legal, tax and regulatory experts. Statements made in this release include forward-looking statements which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” or believe,” or other variations thereon. Certain information contained herein constitutes opinions, intentions, or beliefs of the Adviser, which may be preceded by the terms “belief,” “opinion,” or other similar terms. Such statements of “opinion” merely represent the Adviser’s state of mind and should not be construed as a material statement of fact. Any use of adjectives or superlatives included herein are a good faith opinion of the Adviser including but not limited to language such as “exhaustive,” “superior,” or “leading,” and should not be construed as material statements of fact. Further, other third parties may not agree with the opinions of the Adviser.