HALCYON GLOBAL OPPORTUNITIES

INVESTMENT SPECIALISTS IN ENERGY TRANSITION

AND EMERGING EUROPEAN MARKETS SINCE 2003

Improving the world, one transition at a time

INVESTMENT SPECIALISTS IN ENERGY TRANSITION

AND EMERGING EUROPEAN MARKETS SINCE 2003

Improving the world,

one transition at a time

Our Story

Halcyon Global Opportunities started in 2003 with Halcyon Power Investment Company, a closed end vehicle making private equity investments in companies related to power utilities in Russia.

Why Russia? Because it is a beautiful country undergoing massive transition. The reform of Russia’s power utility sector was the biggest sector restructuring ever to be carried out anywhere in the world. At least $200bn of companies and assets all restructured, much of it privatized.

The power sector reform was completed (or at least halted) in 2008. We then expanded in different directions.

Listed equities are managed by Halcyon Portfolio Management, which still concentrates on Russia and the surrounding region.

Private equity is managed by Halcyon Energy Ventures, which concentrates on energy transition, including renewable power, power storage, energy efficiency, distributed energy, district heating, grid flexibility and other related areas in Western Europe.

In 2017, we launched investments in crypto assets, as decentralized ledger has the potential to dramatically change the ways in which we transact with each other.

Since 2010 we have invested in energy efficient property in Europe.

Our Business Lines

Listed equities in the transitional
economies of Eastern Europe

Investments in European
energy transition

Decentralised ledger-based
technologies and assets

Energy efficient real estate

Our Team

Carefully selected over the years

David Herne

Founder & CIO

Natalia Chernyshova

CEO, Halcyon PM

Ilya Brodsky

Director, Halcyon Sustainable Energy

Irina Marina

Director, Property Investments

Daniel Wolf

CEO, Simoleon LTVL

Mark Lennon

Head of Compliance, Halcyon PM

Dominic Hood

COO, Halcyon PM

Alexey Klaptsov

Portfolio manager, Halcyon PM

Gregory Vovk

Director, IT

Elena Krylovetskaya

Portfolio Manager, Simoleon LTVL

Natalia Merenkova

CFO, Halcyon GO

Yana Starovoytova

Head of Development

18

Years in business

25

Investment professionals

$700m+

Assets under management

Our Mission

We are building a better world. The old saying is ‘charity begins at home.’
Similarly, to build a good world we have built a good company.
This is a place where we are honest with ourselves, with colleagues and with clients.
We treat each other with respect. We are driven by the following.

Investor Returns

One of the beautiful aspects of financial markets is that we can measure our results.

01

Sustainable Progress

We intend to be around in 100 years. We would rather grow slowly and sustainably than burn brightly and disappear. There is a role for such ‘bright burners’ but that is not us. Similarly, we are working to ensure that the glaciers and forests and other places we love will be around in 100 years.

02

Curiosity

We love to learn. About trees, about brain function, about cultures, new languages, new games, new technologies. It might be directly relevant to our work or might not. It is all fascinating.

03

Gratitude To Our Colleagues

It is a privilege to work with high quality people.

04

A Note From Our Founder

My job is identifying talented people and helping them to succeed. My happiest moments at work are when we achieve something. As a team. Success in our business is measured in money so earning is necessary but it is not sufficient. A real achievement requires intention – accomplishing a task we set, rather than just getting lucky. We respect the importance of luck and are deeply grateful for all it has brought us. But the joy of achievement is greatest when it is intentional. When a client entrusts us with money and we succeed in our set task, it brings a deep joy.

I also find joy in nature. Walking, running, swimming or just being. Especially in mountains. I passionately hope that the nature and climate of our world will not change catastrophically and will do what I can to prevent it.

David Herne
Founder & CIO

Why Us

Experience

Investing in the modern Russian market since its very inception and 20+ years involvement in energy investments.

Deep Market Knowledge

We maintain an intimate knowledge of portfolio companies through proprietary research and regular company meetings - over 300 each year.

Fundamental Approach

We are not trying to time the market. Through a rigorous bottom-up investment process we select the best companies for long-term outperformance.

Reputation

Many clients have remained with us since the first fund was launched in 2004. We never locked a fund, never gated a fund. Never abandoned a fund which was underwater. In every situation we put clients’ interests first.

High Standards

Ethics are at our core. We respect each other, our clients and the world around us. Our corporate structure includes a London-based investment manager regulated by the FCA, we are signatories to the UN PRI and belong to other groups concentrating on governance or environmental issues. These are only partial external manifestations of our underlying, core ethical behaviour.

Get in Touch

Please contact us if you need any further information