Team
The partners set the mandate and carry the responsibility attaching to it. The team is charged with getting projects built, and with keeping them running afterwards.
Foreword
Vindician began in 2014 as a vehicle for private credit. What it grew into follows from an observation that was fairly ordinary at the time: the places in which good infrastructure would change the most are, as a rule, the places long-term capital reaches last. Islands, coastlines and communities carrying a considerable share of the climate exposure and receiving very little patient money against it.
We therefore invest our time in water, energy, waste and commodities, and we stay. What follows is the work of the people who make that mean something: who get the plants built, the water clean and the power reliable, and who live alongside the consequences of what is decided between us.
Kim Forsman and Natalie Lindo — Partners
Stewardship
Principal & Managing Partner
Founded the firm and leads its investments. Two decades as a chief executive across a succession of companies, the past ten of them spent almost entirely in small island developing states, on a background in technology, engineering and finance. Sets the mandate, chairs the investment decision, and spends the greater part of his time in the regions the firm invests in.
Partner
Shares stewardship of the firm, with particular attention to impact, governance, and the obligations it carries towards the communities its projects sit in. A journalist before this, at the BBC and at Euronews: a training that suits asking what a project changed rather than what was announced.
The team
More than thirty operating partners, venture partners and associates work with the firm, across the Caribbean, Africa and the Indian Ocean and a good deal further afield. Which of them are assembled for a given engagement follows from what that engagement asks of them, so the composition changes from one to the next. Where the firm has nobody close enough to a problem, it engages somebody who is.
Five work in the firm itself, whoever else is assembled for an engagement.
Private Equity & Private Credit
Leads the firm’s private equity and private credit positions, and the structures through which they are taken.
Finance
Runs the firm’s finance: the modelling behind an investment decision, and the reporting that follows it.
Head of Impact
Defines what each project is expected to change, and reports on whether it did.
Firm Operations
Runs the firm’s operations, reporting and counterparty relationships across its jurisdictions.
Executive Assistant
Keeps the diaries, the travel and the correspondence in order across three jurisdictions and rather more time zones.
Joining
Operating partners, venture partners and associates are added by introduction, seldom by advertisement. Engineers, operators and structurers who have run something difficult in a hard place, and would rather do it again than describe it, are welcome to write. What is useful in a first letter is what you have built, where it is still running, and who maintains it now.