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Arctaris Impact Investors

Impact sector(s)

Neighborhoods + Real Estate

About

Arctaris Impact Investors, LLC is a Boston- Based Impact investment firm with experience spanning 13+ years and 7 private funds, with both debt and Opportunity Zone equity investments. The firm manages funds that invest in growth-oriented operating businesses and community infrastructure projects located in underserved communities.

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Facts & Stats

  • More than $85M if equity deployed into real estate development projects: catalyzing over $1.1B.
  • 100% of our portfolio companies are based in low-to-moderate income census tracts and/or Opportunity Zones.
  • We search for our investments to make Economic Impact to revitalize local communities, Social Impact to improve quality of life, and an environmental impact to build a sustainable future

Notable Successes

2021 Portfolio Impact Results Economic Impact: -6.5x increase in the total number of full-time equivalent employees the whole Arctaris portfolio impacts from 2019 (422.5) to 2021 (2,727). With each $1M invested, 265% more total full-time equivalent jobs impacted. -Create Quality Jobs: 19% growth in full-time equivalent jobs in portfolio companies from 2019 to 2021. -Grow Employee Wages: 4.9% increase in average lowest wage since investment. -Special Hiring Initiatives: Portfolio companies on average implemented total 2 special hiring initiatives for disenfranchised groups. Social Impact: -Offer Quality Benefits: 93% of portfolio companies offer health benefits compared to 71% national average. -64% of portfolio companies offer retirement savings plans/ benefits compared to 54% national average. -71% of portfolio companies offer professional development training. -79% of portfolio companies offer bonuses. Environmental Impact: -Support Sustainable Initiatives & Invest in Clean Energy: Three is the average number of sustainability initiatives underway at Arctaris portfolio companies of portfolio companies. Initiatives underway include sourcing sustainable materials, reducing energy usage, reducing water usage, reduce paper usage, reducing emissions, reducing waste, solar solutions, lighting solutions, recycling, water filtration, and supply chain assessment/ optimization. -50% of portfolio companies have sustainability measures that reduce energy usage. -Generated 30 megawatts of solar energy; permitted to install a 7.34 megawatts solar farm.

Team

From pipeline to our portfolio, the Arctaris team brings decades of private equity and operating experience in a wide variety of industries.

Jonathan Tower, Managing Partner

Jonathan is the Founder and Managing Partner of Arctaris Impact Investors. He oversees and actively manages the full Arctaris family of...

Jonathan is the Founder and Managing Partner of Arctaris Impact Investors. He oversees and actively manages the full Arctaris family of funds along with his team, including the OZ 2022 fund and the six predecessor Arctaris impact investment funds. Mr. Tower invests in growth-oriented businesses in the manufacturing, technology, and services industries with heavy emphasis on underserved and underrepresented banking markets. Mr. Tower has 20+ years of industry experience, investing in private equity and private debt, including three interim Chief Executive Officer roles in private equity-backed companies. He has worked closely with portfolio companies in the manufacturing, technology, and services industries to achieve their growth objectives, including Capterra (acquired by Gartner), Verid (acquired by EMC), QuoteShip (acquired by ICGE), Moguldom Media (acquired by Interactive One), and Xoom (IPO: XOOM). Prior to co-founding Arctaris in 2009, Mr. Tower was a Managing Director, Operating Partner and member of the Investment Committee at Dutchess Capital, LLC. He held responsibilities both in private equity deal execution and maximizing value in portfolio companies, working with management teams to develop growth or turnaround strategies. At Fidelity Ventures, he executed private equity and venture capital investments, focusing on the enterprise technology, security and communications sectors, including the firm’s investment in Xoom, which held an initial public offering and was acquired by Pay Pal for more than $1 billion. Mr. Tower received an M.B.A. from Harvard Business School in 2002 and B.A. in English and Mathematics from Georgetown University in 1996.

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Uche Osuji, Managing Director

Uche focuses on investment underwriting and portfolio management and is involved in business development, banking relationships and...

Uche focuses on investment underwriting and portfolio management and is involved in business development, banking relationships and relations with investors and governments. He brings over 20 years of relevant industry experience providing corporate finance advisory to corporations. He is responsible for all aspects of the transaction from initial screening to financial analysis and term sheet negotiation to due diligence, legal documentation and funding. Further he manages corporate relationships post-investment, which includes regular dialogue and strategy sessions with ownership and management and currently sits with the Board of Directors for Norwich Technologies and AFCO Manufacturing. Prior to Arctaris, Uche worked as a corporate banker with Sumitomo Mitsui Banking Corp. covering the Chemicals Sector. He developed a robust deal pipeline based on a consistent and relevant calling effort with his clients. Further, Uche led the department’s strategic plan to up tier dialogue at key relationships through a focus on debt advisory to gain mindshare at the C-Suite. Prior to SMBC, Uche worked in various roles of increasing levels of responsibility in relationship management, corporate credit and portfolio management at The Royal Bank of Scotland. He managed a credit portfolio with $2.0 billion of committed bank capital to customers in the consumer, industrial and manufacturing industries. Born in Nigeria, Uche holds a B.S.E. from Duke University and an M.B.A. from Duke’s Fuqua School of Business. He serves in a number of civic and volunteer leadership roles, including Co-Chairperson of the Duke NY Board, Alumni Council of Phillips Academy Andover and co-manager of a non-profit soup kitchen in the East Village of New York City. Uche resides in New York City.

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Nihar Sait, Managing Director, Real Estate

Nihar joined Arctaris in 2020 and serves as Managing Director. He is responsible for underwriting new acquisitions, evaluating development...

Nihar joined Arctaris in 2020 and serves as Managing Director. He is responsible for underwriting new acquisitions, evaluating development opportunities and managing the firm’s real estate portfolio. Nihar has over 20 years of professional experience in technology, investment banking, private equity and corporate development. Prior to joining Arctaris, Nihar was a Director at Apex Investments, a New York City-based real estate investment firm focused on the acquisition, renovation, and refinancing of commercial and residential properties. He co-founded and successfully raised seed capital for an e-commerce company that ethically sourced goods from emerging markets. Nihar has also held a number of investment roles at SUN Capital, Lehman Brothers and Bear Stearns, where he analyzed real estate, telecom and clean technology opportunities. Nihar earned a BA from Northwestern University, a Masters from The Johns Hopkins School of Advanced International Studies, and an MBA from The University of Chicago Booth School of Business.

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Jeff Nordhaus, Managing Director, Infrastructure

Jeff Nordhaus joined Arctaris in 2022 and is a Managing Director focused on the broadband and infrastructure verticals and leads the...

Jeff Nordhaus joined Arctaris in 2022 and is a Managing Director focused on the broadband and infrastructure verticals and leads the Arctaris Broadband Company. Jeff brings to Arctaris more than 25 years of investment, finance and public sector experience. Most recently Jeff served as Executive Vice President, Innovation & Broadband of Empire State Development, which is the economic development agency of New York State. In this role, he led the $500 million New NY Broadband Program, the largest state broadband initiative in the nation at the time. During his tenure, the Broadband program successfully established more than 125 public-private partnerships with Internet providers, thereby expanding broadband service to more than two million previously underserved locations within New York State. Mr. Nordhaus was previously Managing Director in the Global Principal Group of Oaktree Capital Management, L.P., an alternative asset management firm based in Los Angeles, CA, where he led private equity investing for the communications, technology and leisure sectors. Prior to joining Oaktree, Jeff was a Managing Principal of Quadrangle Group in New York, where he worked from 2001-2009. At Quadrangle, Mr. Nordhaus led private equity investments in the broadband, leisure and Internet sectors and served on the firm’s Investment Committee. Jeff has served on Boards of Directors of Cequel/Suddenlink, Bresnan Communications, GET (Norway), Dice (NYSE: DHX) and Protection One (NASDAQ: PONE). Jeff received an A.B. with honors from Harvard College. Currently, Jeff serves as Board Member of Govern for America, member of the Andover Development Board and Harvard College undergraduate interviewer. He resides in New York and enjoys spending time near the ocean in Rhode Island.

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Kritka Chada, Senior Analyst

Kritika joined Arctaris in April 2022 and serves as a Senior Analyst on the deal team. She is primarily involved in all phases of the deal...

Kritika joined Arctaris in April 2022 and serves as a Senior Analyst on the deal team. She is primarily involved in all phases of the deal process and portfolio company management. Prior to Arctaris, Kritika served as an Equity Research Associate at MFS Investment Management, where she was responsible for analyzing public companies in the consumer sector and providing investment recommendations to analysts and portfolio managers through fundamental research. She was also involved in the firm’s volunteer-run impact fund, where she conducted due diligence for early-stage companies and presented proposals and investment decisions as part of the Steering Committee. Before MFS, Kritika interned in various verticals of the industry, i.e. Investment Banking at Piper Jaffray, Commercial Banking at People's United Bank, Compliance at the SEC, and Assurance at EY. Kritika holds a Bachelor of Science in Finance from Fordham University’s Gabelli School of Business. She currently resides in Boston and her interests are table tennis, Indian classical dance, volunteering, and museums.

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