Eolas Capital, a Boston-based incubator and strategic investment advisor to asset and wealth managers, has acquired an equity stake in Harmony Capital Advisors, a Rye, New Hampshire-based impact investment boutique launched in 2021. Get
Under the agreement announced Wednesday, Eolas will provide operational support, marketing and distribution for Harmony’s global all-cap equity impact offering, according to a news release. It invests in companies that are developing sustainable solutions in their industry.
Terms of the deal, including the size of Eolas’ stake in Harmony and costs, were not disclosed, according to an Eolas and Harmony executive.
Robin Wehbe, president and chief investment officer at Harmony Capital, said in an email that his firm is currently managing several seed capitals and plans to raise more in the coming months. said.
Meanwhile, according to a news release, Eolas plans to distribute Harmony Capital’s impact strategy to investment consultants, institutional asset owners and wealth platforms, “with an initial focus on endowments and foundations.” .