A private investment vehicle designed to generate exceptional investor returns with lasting social and environmental impact

An innovative

approach to investing

 

Headquartered at the

Energy Innovation Center

aboutus

Bedford Funds is an ESG focused private equity fund currently raising at least $500 million to deploy through an investment strategy designed to generate exceptional investor returns and measurable ESG impacts,

net of all fees, costs, and carry.  

 

When fully scaled Bedford's investment strategy can deploy over $2.0 billion with similar risk return metrics.

 

Bedford has applied to be a signatory to the United Nations Principals of Responsible Investments (PRI). 

 

Additionally, our strategy is designed to qualify as an Opportunity Zone Fund, if appropriate.

Bedford focuses its considerable management expertise and experience on operating technology companies that will scale nationally, including into dozens of opportunity zones across the U.S.

 

Bedford's strategy focuses on the Future of Energy, Work, Food and Healthy Living with an innovative value-add approach to the intersectionality of these verticals.  

Bedford has a unique affiliation with the Energy Innovation Center Institute ("EICI") - a public/private not-for-profit ecosystem designed to advance commercial, policy, and think-tank innovations in electric generation and storage, microgrids and district power systems, smart building technologies, workforce training, and food.  The Fund's alignment with the EICI helps to power its ESG efforts.

 

pittsburgh builds things

ourteam

 

Bedford’s core team includes career private equity professionals and sector-focused tech company operations leaders, with deep experience is all phases of company and private equity portfolio creation, management, operations, back-office, and exits.  The team also has considerable operating ESG experience which helps the Fund be optimally effective as an ESG focused private equity fund.

 

The Fund’s CEO, President, and CFO are senior private equity professionals with over 30 years’ experience in all phases of private capital investing, operations, turn-around, and portfolio management in private equity funds and family offices.  The other partners all have both private capital and operating company P&L leadership experience.

 

The focus of the team’s expertise is heavily weighted toward building and developing energy, training, and food technology investments through direct operations of assets and portfolio management. 

Additionally, through Bedford's CEO's leadership role at the Energy Innovation Center Institute, the group commands unique international convening power on investment strategy industries unlike any other investment vehicle in the U.S. at this time. 

 

Unyielding principals

that guide us every day.

 
 

ourfounders

The six founding principals have considerable experience creating investor value over their careers. 

 

A differentiator of the group is that their expertise also includes meaningful experience working effectively in economically distressed neighborhoods, with sustainable technologies in the energy industry, and advances in workforce training technologies and applications. 

 

This rare combination of private equity asset, portfolio, and technology company operations leadership experience, along with significant Environmental, Social, and Governance (ESG) work will deliver exceptional investor returns with ESG impact.

​​

The Managing Directors have been working together over the last 20 years in various capacities and relationships. 

Rich DiClaudio

Managing Director and CEO

32 years of private equity, SFO, and ESG not-for-profit leadership. Focus on energy and education technologies.  Career AUM over $900 million.

  • LinkedIn - White Circle

Rich Talarico

Managing Director and President

34 years of private equity and single family office leadership.  Focus on technology, media, and content development. Career AUM over $500 million.

  • LinkedIn - White Circle

Dean Praskach

Managing Director and CFO

33 years of private equity, family office, and large scale financial structuring leadership. Focus on technology. AUM over $400 million.

  • LinkedIn - White Circle

Jim Dorris

Managing Director,

Unpaid Advisor

21 years of operating and P&L responsibility in energy, industry, health, ESG leadership and private capital investing.

  • LinkedIn - White Circle

Mike Broeker

Managing Director

Unpaid Advisor

29 years in technology, software development, and operational leadership.

  • LinkedIn - White Circle

Alex DiClaudio

Managing Director

10 years in private capital, media, entertainment, and education technology. Trustee of Carnegie Mellon University

  • LinkedIn - White Circle

ourexecutives

Value creation is all about team and culture. 

Innovations decay.

Strategies, technologies, and revenue models come and go.

Strong teams with a culture based on core principals will always create value in new ways and reduce operational, market, and investment risks along the way.

Over the last year Bedford's founding Managing Directors have been assembling a team of highly talented sector-focused executives to run many of the Fund's investment strategy plays.  Most of these men and women and are long-time business associates and past partners. 

John Hans

Executive, Future of Food

27 years of global operations leadership in food industry, marketing, and private equity. 

  • LinkedIn - White Circle

Bob Fulton

Corporate Controller

34 years of private capital, single family office and public operating business financial accounting and reporting leadership. 

  • LinkedIn - White Circle

Steve Ross

Executive, Future of Energy

32 years of global energy development, operations, and technology with a focus on bus technology & micro-grids.

  • LinkedIn - White Circle
 

Doug Shannon

Executive, Charleston, SC Office

Technology and Health

25 years of private capital investing in technology and healthcare.

  • LinkedIn - White Circle

Jared O'Connell

Executive, Charleston, SC Office

Technology and Health

18 years of investment banking and private capital investing in technology and healthcare.

  • LinkedIn - White Circle

Jessica Trybus

Executive Advisor, Future of Work

17 years of innovation in education technology, gamification, and future of learning.

  • LinkedIn - White Circle

OURADVISORS

 

Executive Advisors

A growing group of past partners and affiliates with deep private equity, operations, and sector-specific expertise.

Professional Advisors

World- class legal, tax, audit, compliance, treasury, custodial, and consulting companies.

Development Partners

Best-in-class sector-specific development and operating partners.

 

OURSTRATEGY

 

Our primary strategic investment verticals are organized around:

 

Future of Energy | Future of Work | Future of Food & Healthy Living

Each sector is large, growing, and undergoing rapid transformation driven

by new technologies and shifting social preferences. 

The recent COVID-19 outbreak has only amplified these changes.

 

All portfolio investments are based upon team expertise,

the ability to generate exceptional investor returns, and

positive social impact.

 

This value creation strategy is accelerated by leveraging a “force-multiplier effect” derived from deploying all of the investment verticals into innovation ecosystems.

 

When the current lineup of portfolio investments are fully-scaled, Bedford’s strategy will help address several of the modern redlines in many of the nation's most vulnerable communities.

 

esgobjectives

Sustainable investing, once considered a niche investment strategy, has continued to grow in its usage and we see it as now being integral to the investment processes used by
the certain investors.
(Bank of America/Merrill)

In its simplest terms, sustainable investing is the process of seeking positive social and environmental effects while targeting competitive financial returns.

 

It is most often accomplished by combining traditional investment approaches with ESG (environmental, social and governance) objectives. Sustainable investments span the spectrum of asset classes, such as publicly traded equities, fixed income instruments and private investments.  Bedford focused on private capital application of ESG investing.

 

 

 

 

 

 

 

 

 

 

 

Its time for a new approach.

It is no longer enough to make some concessions to investing for returns and impact, its critical part of performance for alpha impact investing.  Managers who do not embrace this approach will be left behind and their investors will experience higher risks and lower returns over the long-term. 

This approach is a philosophy based on a simple idea that when practiced consciously, business elevates humanity.

Bedford's leadership team has been earlier adopters of and contributors to the science of ESG investing that is now being proven to provide alpha impact outcomes.  We have adopted these various efforts and sciences into a holistic blend of ESG principles focused on the overlapping and reinforcing convergence of the United Nations Sustainable Development Goals (SDG), the Principles of Responsible Investments (PRI) directives and the economics science supporting the Economics of Mutuality (EoM).

Our approach Specifically, the strategy coalesces around profitable, scalable operating businesses and technologies for which the team has deep investing and operating expertise, are foundational to the  global economy and are undergoing rapid transformation by both technological advances and shifting social preferences.  Simply put Bedford focuses on the Future of Energy, Work and Food and the intersectionality of the three into a force-multiplying innovate sustain investing model that is designed to deliver superior investor returns and impact. 

Bedford's method for generating both top tier returns and the ESG outcomes aligns well with both the UN Principles of Response Investment (PRI) and the Economics of Mutuality

(EoM). When combined they create a new business and investing approached designed to deliver extraordinary outcomes for all stakeholders. 

 

Businesses that employ theses principles are more innovative, less risky, and better positioned to deliver superior performance in the long term, because all stakeholders along the value chain have a vested interest in the success of their business and others. 

 

Of course, as investment professionals, we still want to achieve exceptional returns for our partners. 

 

Bedford's blended risk investment strategy expects to deliver private equity returns of mid-teens IRR net of all fees, costs, carry. There are also multiple opportunities in the strategy for returns to exceed this target meaningfully, all while simultaneously generating positive social and environmental impact.

findUS

Energy Innovation Center

1435 Bedford Avenue, Suite 108

Pittsburgh, Pennsylvania 15219

info@bedfordfunds.com

CONTACTUS

Bedford is NOT soliciting an investment in the Fund through this website.

Qualified Investors should contact

Dean Praskach, Managing Director and CFO

dean@bedfordfunds.com

for information.

 
 

ABOUTUS

Managed by the 40x80 Group, LLC

Bedford Funds, LP is an innovate ESG focused private equity fund deploying investments in multiple foundational industries to deliver exceptional returns and measured ESG impact.

Our investment strategy is designed to qualify as an Opportunity Zone Fund,

if appropriate.

 

 

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© 2019 by 40 x 80 Group, LLC

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findUS

Headquarters:

Energy Innovation Center

Suite 108

1435 Bedford Avenue,

Pittsburgh, Pennsylvania 15219