Greenridge Capital
Greenridge Capital(Greenridge Captial LLC, Greenridge) is an exclusive, private investment group, or hedge fund, founded in 2006 by a small group of Christian philanthropists. The company is incorporated in Minnesota, USA, and has contractor offices in 6 other states, including reps from Costa Rica, Puerto Rico, Germany, Sweden, and Scotland. shareholders and bondholders become part of the group by private invitation only, from partners or other shareholders / bondholders. Favored industries for the fund include private equities to public equities arbitrage, energy (especially sustainable energy) farm land, luxury properties, and beachfront real estate.
Investments
The objective of this fund is "anti-economic meltdown and conservative growth" which means that the fund tries to be radically conservative and safe, staying away from high and moderate risk investments in favor of a very few growth sectors which do well in an economic down-turn. The fund's shareholders believe that the US economy is in trouble, and are therefore interested in sectors that grow during times of inflation, such as energy, and food-producing cropland. The fund also invests a smaller percentage of its assets into IPOs. These are Regulation D private equities investments, where the fund buys complete control of microcap companies and then begins the work of a registration to take the companies public for an arbitrage winfall gain. They typically do no more than 4 of such deals per year, and make between $2 and $10 million per deal. The fund is "closed" to new shareholders, but bondholders have conversion rights and can "get in through the back door," even though the company understandably does not want to share profits and does not publicize this fact.
Lawsuits and investigations
According to public records, the company has never been a party to any lawsuit as of February 18, 2010. There are no SEC complaint files on the company. Greenridge is established enough to have a Dunn & Bradstreet rating, which shows no negitive credit ratings. This reflects positively on their ability to pay on their corporate bonds. The company prefers to keep a low profile, and stay out of the limelight. The number of repeat-buy shareholders and bondholders has grown during very difficult times for hedge funds in general, which may suggest that shareholders and bondholders of the fund have been pleased with performance.
Future Growth
The fund May Be adding 4 new IPOs including energy and precious metals to its portfolio and is presently preparing a registration of 10% interest-bearing bonds.
Charitable Giving & Religious Affiliation
Greenridge Capital is not affiliated with any charitable projects or religious groups, however it has a charitable reputation due to the fact that it, by chance, happens to have a large number of shareholders who are Christian philanthropists. The fund is known to invest somewhat selectively in part to shareholders' socially responsible ideals.