Arctaris Annual Impact Report: Leveraging Public-Private Partnerships to Amplify Impact

Kerry Duggan

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Duggan runs a successful sustainability and strategy consulting firm with a special eye toward support for clean energy, climate resilience & environmental protection, as well as policy translation into actionable outcomes. She has explored ways to implement triple-bottom-line values in business as help cities accelerate the process of solving urban mobility, climate, and equity-related challenges. Duggan is also a Senior Fellow at the Federation of American Scientists.

In 2020, Duggan was appointed by Vice President Biden along with Former Secretary of State John Kerry and Former EPA Administrator Gina McCarthy to the Biden-Sanders Unity Climate Change Task Force to develop the most successful possible agenda for Democrats in advance of the Democratic National Convention.

Ms. Duggan previously served as Deputy Director for Policy in the Office of Vice President Joe Biden, providing direct advice to the Vice President on policy issues, including energy, the environment, climate, national security, infrastructure, clean technology, water, resilient cities, and urban revitalization, finance and R&D.  Simultaneously, she served as President Barack Obama’s Deputy Director of the White House Detroit Federal Working Group, to listen, provide capacity, technical assistance, and resources to support Detroit’s revitalization. In Detroit, she was instrumental in providing technical expertise to support more cost and carbon efficient decisions, from installing LED Streetlights to their first urban solar park, as well as building a resiliency MOU for the City and its closest DOE national lab, Argonne National Lab outside of Chicago. 

Prior to her time at the White House, Duggan served as Secretary of Energy Ernest Moniz’s Liaison to the City of Detroit and was embedded in Detroit’s City Hall under Mayor Mike Duggan (no relation). Her previous DOE roles include Director of Stakeholder Engagement, Director of Legislative, Regulatory & Urban Affairs, and Senior Policy Advisor in the Office of Energy Efficiency & Renewable Energy.

Duggan previously led federal political and campaigns activities for the non-partisan national League of Conservation Voters, where she worked directly with hundreds of candidates and campaigns in support of a clean energy future at the local, state, and federal level, including direct interviews of major candidates for U.S. House, Senate, and Presidential races.

She serves on the external advisory board of the University of Michigan’s Erb Institute for Global Sustainable Enterprise and the is a Trustee at the University Liggett School.  She is on the corporate advisory boards of Walker-Miller Energy Services and Arctaris Impact Investors Opportunity Zone Fund. Duggan is a board member of the National Council of Science and the Environment and the Michigan League of Conservation Voters. She is a professional member of the International Women’s Forum and the National Wildlife Federation’s Wolfpack, as well as being a proud card-carrying member of the National Press Club.

Duggan earned her B.S. in Environmental Studies from the University of Vermont and her M.S. in Natural Resource Policy & Behavior from the University of Michigan, where she framed the national Coping with Climate Change Summit, and co-authored “Downtown Detroit in Focus: A Profile of Market Opportunity” with The Brookings Institution. 

Duggan lives in Detroit with her husband and two kids.

Tom Hicks

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Tom Hicks is a founding principal and managing director of Mabus Group; a strategic advisory firm specializing supporting companies, both large and small, develop strategies to grow their business in the Defense and Federal markets. Tom Hicks performed the duties of the Under Secretary of the Navy from 2014 to 2016 and again in 2017 representing the Department on all policy, budget, and strategy matters and serving as the Chief Operating Officer/Chief Management Officer of the Navy. In this capacity, Tom led the day-to-day business operations of the Department and served as Department’s senior official on Space, Nuclear Weapons, Nuclear Enterprise, Defense Business Council, Financial Improvement and Audit Readiness, Military Health, Military Professionalism, Sexual Assault, Force of the Future, Transgender Integration, Women in Service, Secretary of Defense Senior Leadership Council, and Department of Defense/Joint Staff executive leadership working groups. Concurrent with this role, Tom served as Deputy Under Secretary of the Navy for Management as the Secretary of the Navy’s principal advisor on all business management functions including offices of the Chief Information Office, Strategy and Innovation, Business Operations, and Administration. In this capacity Tom was responsible for overseeing and executing the Secretary’s Innovation Vision to improve use of information, accelerate new capabilities to the Fleet, build an innovation network, and develop advanced war fighting concepts. Prior to these roles, Tom served as the Deputy Assistant Secretary of the Navy for Energy; the Secretary’s senior official on all matters pertaining to energy sourcing, energy efficiency, and alternative fuels managing an energy investment portfolio of $1 billion annually. In concert with the Secretary’s energy vision, Tom established the 1 Gigawatt renewable energy initiative announced by the President which resulted in the procurement of more than 1.2 Gigawatts of renewable energy and cost savings in excess of $100 million. Tom led the creation of the Department’s $800 million public-private partnership accelerating the capacity of the advanced alternative fuels industry to provide hundreds of millions of gallons per year of military-compatible, low-emission alternative fuel price-competitive with conventional fuel. Prior to the Navy, Tom was Vice President of the Leadership in Energy and Environmental Design (LEED®) and International Programs with the U.S. Green Building Council. Tom oversaw the implementation and expansion from four to seven individual rating systems while increasing presence to more than 120 countries yielding nearly 70,000 building projects totalling over 12 billion square feet. Tom led the wholesale re-engineering of the certification processes and business model, development of the volume certification model, and both brand and reference guide fulfilment, driving ten-fold net revenue growth. Prior to the USGBC, Tom was a Senior Program Manager with the U.S. Environmental Protection Agency’s ENERGY STAR® program. Tom created and managed the ENERGY STAR commercial building rating system enabling measurement and tracking of building energy performance on a 1 to 100 scale. To date, more than 400,000 commercial buildings totaling over 35 billion square feet of floor space have been benchmarked using the ENERGY STAR rating system and More than 25,000 buildings have been certified as ENERGY STAR with a cumulative cost savings of $3.4 billion and a cumulative greenhouse gas emissions savings of 17 million metric tons of CO2 equivalent. Tom received his Bachelor of Science in Mechanical Engineering from the Clark School of Engineering at the University of Maryland.

Kevin Prokop

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Kevin co-founded Rockbridge Growth Equity, LLC in 2007. Kevin sits on the Board of Directors of several Rockbridge portfolio companies including Northcentral University, Protect America, Connect America, ABUV Media, Kings III Emergency Communications and GSTV.

Kevin was Managing Director at Questor Partners Fund, a $1.1 billion private equity firm. Prior to Questor, Kevin was an engagement manager with McKinsey & Co.

Kevin is Vice Chairman of New Detroit and is actively involved in Detroit Renaissance’s “Road to Renaissance” effort. He currently sits on the Board of Directors of the Citizens Research Council, a non-partisan public policy research organization. In 2007, Kevin was appointed by Michigan’s State Legislature to be Co-Chairman of the State of Michigan’s Commission on Governmental Efficiency, a private sector commission established to make recommendations to address the state’s fiscal health.

Kevin received Buyouts magazine’s “Turnaround of the Year” award in 2006, which is presented annually to the private equity sponsor who engineered the year’s most dramatic turnaround. Kevin was also named to the “40 under 40” list in Crain’s Detroit Business in 2006. Kevin is a frequent speaker and panelist at conferences on private equity and has spoken at the Massachusetts Institute of Technology (MIT) and the University of Pennsylvania’s Wharton School. He has also written numerous articles on business strategy, private equity and public policy issues and was recently published in The Journal of Private Equity and in a book edited by Harvard Business School’s Robert Kaplan.

Kevin previously served on the Board of Directors of One Reverse Mortgage, Account Now, One on One Marketing, Purchasing Power and Triad Retail Media.

Kevin earned his Master of Business Administration from the University of Chicago, where he graduated summa cum laude and first in his class with a perfect grade point average. He also earned a Bachelor of Business Administration from Georgetown University, where he graduated with distinction.

Jeremy Katz

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Jeremy is a serial entrepreneur who has founded, funded, and advised more than 6 dozen startups over the past 20 years. He started his first company, SAETEC, Dartmouth College while still a student with $248 and went on to build the company in its first two years into a worldwide telecommunications firm serving Fortune 1000 clientele. Among his other major projects have been segTEL, a regional fiber optic telecommunications firm that pioneered the development and construction of 4G wireless systems for 4 out of the 5 largest national wireless companies. segTEL was bought by private equity firm Riverside Partners in 2011. He also founded Research Dataware in 2005, a SaaS company that specializes in providing hosted workflow solutions for compliance in pharmaceutical research. This company was bought by private equity firm Arsenal Capital in 2012.

Jeremy serves on the boards of multiple alternative assets funds, for profit companies and philanthropic organizations. Jeremy also co-founded TwinState MakerSpaces, a 501c3 charitable organization dedicated to building makerspaces in low-income communities of New Hampshire and Vermont.

Jeremy is a former member of the Alumni Council of Dartmouth College and presently serves as the treasurer on the board of directors of Dartmouth Hillel. Katz received an AB from Dartmouth in 1995.

Geoff Davis

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Geoff Davis is an entrepreneur turned social entrepreneur and impact investor. He has founded, co-founded or advised more than 25 start-ups and investment funds, sat on 21 boards of directors and helped about 75 million people work their way out of poverty. He is currently CEO of the Sorenson Impact Center at the University of Utah, David Eccles Business School. Sorenson Impact combines impact investing, data science, policy and storytelling to drive impact around the world. In addition to his role at Sorenson Impact, he is currently a Senior Advisor at Cicero Group, Chairman of the board of Align17 (a UBS-sponsored impact investing platform for institutional and high net worth investors); an investment committee member of the MIT SOLVE fund; a board member of Summit Series Social Impact Fellows; and a board member at Arctaris Impact Capital. Prior to Sorenson Impact, he was the Co-Founder and Managing Partner of Cicero Impact Capital, the private equity impact investing arm of Cicero Group, a top 15 global boutique consulting firm. Cicero Capital combines Cicero’s management consulting expertise with innovative revenue-based financing structures to dramatically scale small and medium enterprises that provide essential services to low- and middle-income families in emerging markets. Geoff led the Cicero Capital team in pre-investment analysis, deal structuring, fund and impact strategy, and fundraising efforts. Previously, Geoff led the Perpetual Education Fund and helped build Self-Reliance Services for the Church of Jesus Christ of Latter-day Saints, where his team gave 20,000 higher education loans each year and started 50,000 small businesses per year in 100 countries. Prior to that he was CEO of Unitus, a global pioneer in microfinance, and a founding board member of Kiva.org, a pioneering p2p lending platform. Earlier in his career he worked with Nobel Laureate Muhammad Yunus and helped launch the Grameen Foundation. Geoff has been recognized as a Young Global Leader by the World Economic Forum, Entrepreneur of the Year by Ernst & Young, an Entrepreneurial Thought Leader by Stanford University, among others. Geoff earned a master’s degree from Harvard’s Kennedy School, a bachelor’s degree from Brigham Young University and certificates from Harvard Business School, NYU Stern School of Business, John’s Hopkins School of Advanced International Studies, and the Center for Creative Leadership, among others. He speaks English, French and Spanish, is a surfer, artist, yogi and a creative chef. He is blissfully married and has three wonderful daughters.

Robert McNutt

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Robert W. McNutt is Vice President and Corporate Treasurer at Erie Insurance Group. Robert has been with Erie Insurance Group for over ten years and has over 34 years of Treasury and Finance experience. In his current role, Robert oversees Cash Management, Capital Management, Investor Relations, Bank Relations, Short-Term Investments, FHLBank and Credit Bank relations, Billing & Collections, Accounts Payable and Sourcing & Vendor Management. In addition, Robert is an active member of the Erie Insurance Derivative Risk Committee, a participating member of the Investment Committee and Risk Committee of the Board, and Board Director for several insurance entities in the Erie Insurance Group structure. Robert holds a Bachelor of Science degree from Ball State University focused on Finance and Management, and an Executive MBA from Case Western Reserve University. Robert is a Certified Treasury Professional and a 30 plus year member of the Association of Financial Professionals. In his career, Robert has served on several bank treasury product advisory boards, including FISERV, JPMorgan, BNY Mellon, Wells Fargo and First Union National Bank. Robert is an active community member, including involvement with the Community Country Day School (educational institution focused on educating high risk students academically, physically, emotionally and socially) as Treasurer of the Board and Treasurer of the Board for the Erie Downtown Equity Fund, the investment arm of the Erie Downtown Development Corporation (entity focused on developing commercial and residential real estate, with the goal of attracting businesses, residents and additional investment into the downtown core of Erie, Pennsylvania).

Wallace Mathai-Davis

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Wallace Mathai-Davis has more than 25 years of experience as an international asset manager and merchant banker. He was responsible for investment in China, South America , Eastern Europe and Europe and held C-suite senior management positions with leading U.S. financial institutions including 16 years as a Partner, Managing Director and COO with OFFITBANK . He is currently on the Board of Directors of private companies in China, Germany and the United States. Mathai-Davis has extensive experience investing in Greater China and the merchant bank he co-founded there has represented various Global 500 companies on a wide range of direct investments in China. Mathai-Davis is an economic sociologist and holds a doctorate and master’s degree from Princeton University. He graduated summa cum laude, receiving a bachelor’s degree in philosophy from Notre Dame, where he also held a National Defense Fellowship for Soviet Studies. Mathai-Davis was a member of the Graduate Research Faculty of Stony Brook University where he won multiple awards as a professor. He is published in academic journals and regularly speaks on investment markets.

Paul Brown

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Paul has diverse experience as an entrepreneur and venture capital investor. He was most recently Vice President of Capital Markets at the Michigan Economic Development Corporation (MEDC), where he managed the bulk of the State’s $2 billion 21st Century Jobs Fund, including the $150 million 21st Century Commercialization Competition, which invests directly in early stage companies, and the $109 million 21st Century Investment Fund, which invests in venture capital and private equity firms. Paul was also co-founder and SVP of business development of Front Door Insights, a mobile technology company that was acquired in May 2013 by Mobivity. Paul began his career practicing law in the Manhattan office of the law firm Skadden, Arps, Slate, Meagher & Flom LLP. He has a BA History and an MBA from the University of Michigan and received his law degree from Wayne State University.