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MiB: Jennifer Grancio, Engine No. 1

The Big Picture

Grancio believes that even passive investors should vote their shares. This allows passive investors the opportunity to drive positive impact as active owners. The firm has successfully driven policy changes at such industrial giants as Exxon Mobil and General Motors. VOTE invests in a portfolio of the 500 largest U.S.

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Private Credit, Meet “Higher for Longer”

Blackstone

From March 2009 when the S&P 500 traded at 13x earnings to August 2020 when it peaked at 23x, a passive investor in the market earned 16% per annum. With slower bank and leveraged loan growth, demand for partners in private credit is high.