Yellen’s Commitment to the Global Energy Transition and Decades of Economic Leadership Will Add Value to Angeleno Group’s Future Investment Activities and Existing Portfolio
LOS ANGELES–(BUSINESS WIRE)–Angeleno Group, the pioneering Los Angeles-based investment firm providing venture capital and growth equity to clean energy and climate solutions companies, announced today that former U.S. Treasury Secretary and Federal Reserve Chair Janet Yellen has joined the firm’s Board of Advisors. In this senior advisory role, Secretary Yellen will offer strategic guidance to the firm, providing her considerable economic and policy expertise to benefit investors and entrepreneurs committed to accelerating the global energy transition.
Secretary Yellen’s appointment to Angeleno Group’s board reflects her long-standing commitment to addressing climate challenges and a global transition to a low-carbon economy. Her decades-long track record of public service and leadership in economic policy will also play an important role in helping to guide Angeleno Group’s investment activities and portfolio companies.
A Powerful Advocate for Advancing the Global Energy Transition
Throughout her career, Secretary Yellen has been an advocate for moving public and private capital to support the energy transition, working to integrate climate considerations and policy. Appointed Chair of the Council of Economic Advisers in 1997, she played a role in the international adoption of the Kyoto Protocol, an experience that catalyzed her interest in the climate space. Later, as a leader in the implementation of the Inflation Reduction Act, she championed the private sector’s ability to scale capital deployment to advance global sustainability agendas and transition to clean energy.
“We believe Secretary Yellen’s extraordinary talents and experience as an economist and policymaker, as well as her long-standing involvement in climate finance, will be immensely additive to our firm,” said Daniel Weiss, Co-Founder and Managing Partner of Angeleno Group.
Fellow Co-Founder and Managing Partner Yaniv Tepper added, “At a time of heightened uncertainty across the capital markets, geopolitics and public policy, Secretary Yellen’s distinguished expertise and insights will be invaluable as we navigate a dynamic investment environment and seek to scale the next generation of clean energy and climate solutions businesses.”
“I am delighted to join Angeleno Group at such a key juncture for the global economy and the global energy transition,” said Secretary Yellen. “Private capital has a critical role to play in accelerating innovation and delivering meaningful environmental and economic impact. Angeleno Group has been a leader in this space for nearly 25 years, and I look forward to contributing to its mission in this chapter of my career.”
Since concluding her service as U.S. Treasury Secretary earlier this year, Secretary Yellen has continued her commitment to address climate and sustainability challenges, having recently joined the advisory board of Harvard University’s Salata Institute for Climate and Sustainability. Her role at Angeleno Group will build on this commitment, enabling her to work directly with mission-driven entrepreneurs and investors advancing decarbonization technologies and climate solutions.
Secretary Yellen joins an esteemed group of Angeleno Group advisors composed of leaders across science, business, and public policy. Other members include former U.S. Secretary of Energy and MIT physicist Ernest Moniz, Nobel Laureate and Alphabet board member Frances Arnold, and economist and former Dean of the Berkeley Haas School of Business Laura Tyson.
Despite macroeconomic uncertainty and the pullback by some institutional investors in the sector, Angeleno Group continues to see robust deal flow and attractive valuations across its target sectors, supported by strong secular tailwinds and growing global demand for clean energy and climate solutions. Daniel Weiss commented, “We believe these conditions create a very compelling entry point for climate investing. We are honored to welcome Secretary Yellen to our Board at this inflection point in the growth of the low-carbon economy.”
About Angeleno Group
Founded in 2001, Angeleno Group is a pioneer in providing growth capital for clean energy and climate solutions companies. Angeleno Group has become one of the United States’ longest standing dedicated clean energy and sustainability focused investment firms, making growth investments on a global basis. The firm invests in high-growth, well-managed, innovative businesses with proven technologies and established customer traction. Angeleno Group invests in a range of deal types, with a strategy that is sector-focused and research-driven. Angeleno Group is headquartered in Los Angeles, California. For more information, visit www.angelenogroup.com.
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