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Rock Creek Group

PRI reporting framework 2019

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Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

RockCreek is a leading global investment management firm that applies data-driven technology and innovation to investing. Its portfolio managers invest in emerging markets and alternatives, and its asset allocation teams invest in multi-asset class and outsourced CIO portfolios and customized solutions. RockCreek’s client base is made up of sophisticated institutional investors, including endowments, foundations, pension plans, and sovereign funds. The firm is highly focused on the integration of environmental, social, and governance (ESG) factors and sustainable impact across portfolios to generate long-term returns. RockCreek has a culture of diversity, debate, and relentless drive to excel.  RockCreek is among the largest woman-founded firms in the world.

Members of the RockCreek team led global investments for the World Bank, including in sustainable impact investments.  They were also responsible for managing portfolios totalling as much as $115 billion of traditional and alternative investments including private equity, venture, alternatives and emering markets for a client base that included central banks, pension plans, endowments, foundations, and sovereign wealth funds. Team members also managed an over-the-counter derivatives book as large as $250 billion (notional). While at the World Bank, Ms. Beschloss led the World Bank's energy policy and investments and founded the Natural Gas Group to replace coal in many emerging countries and led the Energy Sector Management Group, focused on renewable energy.  Kenneth Lay led the team which created the first "green bond" while Treasurer of the World Bank.  RockCreek Senior Advisor Laura Tyson is a member of the Sustainability Accounting Standards Board (SASB) Board of Directors.

RockCreek’s vision since its founding was to create an institution that would generate long term value for its clients and have a positive, lasting impact. Team members try to be a positive force in their communities through citizenship and stewardship efforts. Many team members are involved in public service. A number of team members are on the boards and investment committees of non-profits. For example, Ms. Afsaneh Beschloss, the Founder and CEO of RockCreek, was a member of the Ford Foundation's Board of Trustees, Chair of its Investment Committee, and a member of the Impact Investment Advisory Group and currently on the World Resources Institute Board and serves as  co-Chair of Its Investment Committee. 

 

 

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

70 FTE

02.4. Additional information. [Optional]

Our team has a long history of sustainable investing and regularly engages with investors active in this area. This stems from a longstanding belief in, and practice of, investing in companies and investment firms that improve governance and mitigate risks to generate long term returns.  Team members actively participate in thought leadership at the World Economic Forum, Council of Institutional Investors, and other industry and academic events.   RockCreek Founder and CEO Afsaneh Beschloss started the World Bank's Natural Gas Group, which invested in gas and power projects that aimed to replace coal in emerging markets. She was an early advocate for replacing coal-fired power generation in China, India, and other countries with less carbon-intensive technologies at a time when virtually all power in emerging markets was derived from inefficient, highly polluting coal generators. She and RockCreek Advisory Board Member Dame DeAnne Julius authored a book entitled, The Economies of Natural Gas in 1990. Ms. Beschloss also led the World Bank's Energy Sector Management Group, where she was responsible for energy policy and investments in oil, gas, renewable energy, and power projects that reduced carbon emissions. This work helped pave the way for introducing renewable energy options into the emerging markets. Additionally, Ms. Beschloss advised Eastern European governments on energy sector privatization and governance of energy companies. In March 2015, Ms. Beschloss spoke at PRI's Sustainable Investments Strategies Roundtable. RockCreek Managing Director Kenneth Lay, during his career as Treasurer of the World Bank, led the development of the first "green bonds," now a staple of high-grade fixed income investment. RockCreek professionals continue their work in these fields: Ms. Beschloss serves as Trustee of the World Resources Institute and Co-Chair of its Investment Committee, while Mr. Lay, a Nature Conservancy trustee, continues participating with partners developing innovative instruments that can help monetize environmental services with market-rate returns for investors. RockCreek team members are frequent speakers on ESG and impact opportunities, and they serve on the investment committees of major institutions pursuing pioneering ESG strategies. Sherri Rossoff, a RockCreek Managing Director, served as Chair of the Council of Institutional Investors, Markets Advisory Council. Ms. Beschloss served as a Co-Chair of the Sustainable Development Impact Summit at the World Economic Forum in New York, which focused on identifying barriers to scaling up clean energy. Ms. Beschloss served as a Co-Chair of the Sustainable Development Impact Summit at the World Economic Forum in Davos and was a speaker in a panel hosted by Pacific Pension and Investment Institute entitled, "The Role of Impact and Private Sector Investments." She also wrote an op-ed for the World Economic Forum's "Agenda" blog entitled, "Sustainability Will Require More Trust in Markets, Not Less," which was published on September 20th, 2018. In early 2019, she participated in a panel at the World Economic Forum entitled, "Closing the Finance Gap," moderated by Rockefeller Foundation President Raj Shah with IMF Managing Director Christine Lagarde. 

 

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2018

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the total assets at the end of your reporting year subject to an execution and/or advisory approach.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]

OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity <10% 4.1 10-50% 19.1
Fixed income 0 0 <10% 0.4
Private equity 0 0 <10% 0.4
Property 0 0 10-50% 13.5
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 >50% 52.7
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 <10% 4.7
Money market instruments 0 0 0 0
Other (1), specify 0 0 <10% 5.1
Other (2), specify 0 0 0 0

'Other (1)' specified

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

OO 07. Fixed income AUM breakdown (Private)

OO 08. Segregated mandates or pooled funds (Private)

OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

74.18 Developed Markets
25.37 Emerging Markets
0.45 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]

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