Impact Over Hold Period

Plastic Waste Reduced (pounds)

2024

2023

Impact Metrics

Investment Profiles

Impact and Investment Thesis

Laboratory plastic waste accounts for 1.8M metric tons of waste in the U.S. alone. Grenova provides the life sciences industry with the only patented and scientifically proven green technology capable of washing and reusing plastic consumables to make labs sustainable, efficient and resilient to supply chain disruptions. Grenova exhibits a high-growth, high-margin profile and operates in a market with demonstrated strong demand for green solutions and international whitespace. 

Recent Activity

• Grenova partnered with ChemiShield, a company offering a SaaS that addresses complexities in waste management, to develop GrenoTrack, a digital solution that allows laboratories to track and trace the number of wash cycles their pipette tips and microwell plates undergo more efficiently. (February 2025)

• The company was named Best Sustainable Lab Equipment Manufacturer of 2024 by Global Health & Pharma for its groundbreaking work in developing sustainable solutions for laboratory waste reduction. (April 2025)

• Grenova partnered with Polycarbin, a provider of circular economy solutions for single-use scientific consumables, for its closed-loop recycling infrastructure, enabling labs to reduce their carbon footprint through a reduce, reuse and recycle framework. (April 2025)

• The company opened a new facility in Mannheim, Germany, enhancing its international presence and reinforcing its commitment to delivering innovative solutions to customer across Europe. (May 2025)

• Grenova’s technology earned the ACT Label, the premier eco-label for laboratory products; the ACT Label makes it easier for scientists and procurement specialists to choose environmentally responsible products without comprising performance. (June 2025)  

MW of battery storage projects installed

95

MW of data centers connected to the grid

591

MWh of green electricity generated from solar panels

MW of renewable energy installed

18

560

Investment Profiles

Impact Metrics

End Uses

Distribution Process

Renewable Power Resources

Residential

Industrial

Data Centers

H&MV focuses on the design and construction of
high-voltage substations and infrastructure projects

Impact and Investment Thesis

H&MV Engineering supports the global energy transition by delivering end-to-end services for high voltage substations, enabling the connection of renewable energy and storage projects to the grid. The Company’s expertise in complex infrastructure accelerates the deployment of wind, solar and battery systems. Operating in a growing $5.5B European market, H&MV Engineering benefits from long-term, repeatable revenue streams and a diversified customer base. The Company’s ability to expand geographically through acquisitions and its comprehensive service offering position it well to capture additional market share in a fragmented industry.  

Recent Activity

• H&MV Engineering continues to work toward its goal of Net Zero by 2045.

• In collaboration with Aquila Clean Energy EMEA, a leader in renewable energy projects across Europe, the Company launched its first Battery Energy Storage System project in Germany, which aims to enhance the overall capacity of energy storage in Europe. (September 2024)

• H&MV Engineering collaborated with Energia Group to create the Drumlins Park Wind Farm, constructing the required substation and grid connection, adding significant renewable capacity to Ireland’s power grid.
  (November 2024)

• The company celebrated several office expansions and openings across England, India and Germany, further solidifying its international footprint. (February 2025)

• H&MV Engineering played a key role in the construction of Europe’s largest battery storage site in Scotland, delivering the crucial connection between the 200 MW/400 MWh Battery Energy Storage System and the transmission network. (April 2025)

• The company was selected as the Balance of Plant contractor for Eku Energy’s new 99 MW/198 MWh Battery Energy Storage System, representing another significant milestone in H&MV Engineering’s growing portfolio of renewable energy infrastructure projects across the U.K. (April 2025)

Investment Profiles

gallons of spent antifreeze collected for recovery

5M

gallons of wastewater treated

97M

gallons of used solvent processed

gallons of used oil processed for
re-refining

2M

63M

Impact Metrics

Impact and Investment Thesis

Heritage-Crystal Clean supports environmentally responsible waste disposal by helping industrial customers manage used chemicals, liquid and solid waste and niche recycling needs, while also easing regulatory burdens in a complex and evolving compliance landscape. The company directly contributes to best practices in waste management and recycling, with success tied to the volume of jobs performed. As a national leader in the growing environmental services market, Heritage-Crystal Clean benefits from a diversified customer base and more than two decades of operational experience.

Recent Activity

• Heritage-Crystal Clean acquired Envirosafe Services of Ohio, a fully permitted hazardous waste treatment, storage and disposal facility, improving the company’s hazardous waste infrastructure and processing capabilities.
  (January 2024)

• The company completed its largest remediation project to date, successfully treating 1.5M gallons of contaminated water. (July 2024)

• Heritage-Crystal Clean acquired the combined operations of Worldwide Recovery Systems, a provider of waste collection, transportation and disposal services primarily in California and Arizona, and YES Management, a division of Worldwide Recovery Systems that operates a non-hazardous waste transfer station in Arizona; with this acquisition, the company now operates more than 130 service branches, industrial services facilities and waste recovery centers serving the continental U.S. (February 2025)

• The company conducted an in-depth life cycle assessment of its re-refined base oil conducted by environmental consulting firm ClimeCo and reviewed by an independent third party, which revealed a 77% reduction in greenhouse gas emissions compared to traditional virgin base oils. (March 2025)   

Impact Over Hold Period

Energy Storage (MWh)

2024

2023

Impact Metrics

Investment Profiles

Impact and Investment Thesis

Climate change and the transition to renewable energy is one of the most prominent issues for developed nations. Intersect Power’s solution provides utility-scale solar generation and storage capacity that is already producing in California and Texas. Intersect Power is well-positioned within the solar development space as one of the top five planned solar installation companies and has more solar installations currently under construction than any other competitor.

Recent Activity

• Tesla and Intersect Power announced a contract for 15.3 GWh of Megapacks, Tesla’s battery energy storage system, for Intersect Power’s solar and storage project portfolio through 2030, making Intersect Power one of the largest buyers and operators of Megapacks globally. (July 2024)

• The company announced a strategic partnership with Google and TPG Rise Climate to provide scaled renewable power and storage solutions to new data centers, with Intersect Power catalyzing a targeted $20B in renewable power infrastructure investment by the end of the decade; Intersect Power has already begun financing the partnership’s first co-located clean energy project, which is expected to be operational in 2026 and fully complete by 2027. (December 2024)

• In 2024, Intersect Power became a United Nations Global Compact signatory, in line with the Company's commitment to support responsible and ethical energy transition.

• Fast Company featured Intersect Power in the list of World’s Most Innovative Companies of 2025, recognizing the company for improving energy security and stability of the Texas power grid by adding nearly 1 GWh of standalone battery energy storage systems at a rapid pace to meeting growing power demand. (March 2025)

• Intersect Power was also recognized by TIME Magazine as a “Top GreenTech Company” on both their 2025 America’s and World’s lists for its power-first approach that co-locates data centers with power generation. (March 2025)

Investment Profiles

Impact and Investment Thesis

Level Access has an end-to-end SaaS solution for the development, testing and remediation of accessibility services, and a simpler and more complete value proposition than other piecemeal solutions. The market is at an inflection point (30% growth expected through 2025), with macro and regulatory tailwinds providing an attractive market opportunity.

Recent Activity

• Level Access acquired UserWay, a machine learning- and artificial intelligence-driven digital accessibility company, which is expected to expand the company’s customer base, geographic reach and overall product offering.
  (March 2024)

• For the third consecutive year, the company was recognized in the 2024 Gartner Market Guide for Digital Accessibility as a leading provider of digital accessibility solutions, highlighting the Company’s recent acquisition of UserWay and commitment to serve more clients. (June 2024)

• Per its Sixth Annual State of Digital Accessibility Report, Level Access found that 74% of professionals say their organization requires documented proof of accessibility when purchasing digital products - a significant increase from the 58% reported in 2023. (November 2024)

• Level Access expanded its support for European organizations facing new regulatory requirements, such as the European Accessibility Act, and rising demand for accessible digital experience, adding a VP of Europe to lead regional operations as well as a Global CMO to accelerate its go-to-market strategy worldwide. (June 2025)

• Level Access was named among the fastest growing private companies in the U.S. by Inc. Magazine for the ninth year. (August 2025)

Investment Profiles

13.9M

17.0M

17.0M

12.0M

Impact Over Hold Period

Patients Served

2024

2023

Impact Metrics

Impact and Investment Thesis

Behavioral health conditions are expensive, difficult to treat and often forgotten until health crises arise. NeuroFlow helps health systems identify, engage and treat patients effectively with a hybrid care model, where digital engagement reinforces in-person clinical care, presenting a unique opportunity to enhance the overall effectiveness of behavioral healthcare. The U.S. behavioral health market is expanding with a need to rein in costs and increase efficiency. NeuroFlow’s software has demonstrated its ability to address both of these pain points.

Recent Activity

• NeuroFlow acquired Owl, a measurement-based care technology company, creating a suite of solutions that extends the delivery of feedback-informed care across primary and specialty care settings, positioning the company as a strong market leader in behavioral health measurement and engagement. (July 2024)

• Intermountain Health, a non-profit health system in the Western U.S., is partnering with NeuroFlow to identify and triage behavioral health risk within Intermountain’s primary care population and improve efficiency of its integrated care programs. (July 2024)

• Bergen New Bridge Medical Center partnered with the company to help measure and manage behavioral health needs specifically for the Medicaid population. (September 2024)

• NeuroFlow acquired Quartet Health, a value-based behavioral healthcare enablement company, expanding its customer base and strengthening its referral and care navigation capabilities for payers, health systems and the federal government. (January 2025)

• The Company published new findings on symptoms and severity identification that can further the industry’s ability to assess risk, catch suicidal ideation sooner and treat patients more efficiently, highlighting how self-reported data and AI-driven risk detection can complement human expertise and expedite care in critical moments; without true innovation at scale, patients will be left undetected and untreated – a problem reflected in that over half of people who die by suicide receive some form of healthcare within 30 days before their death. (April 2025)

• NeuroFlow released an update to its suite of capabilities branded BHIQ, which provides deeper analytics that surface behavioral health intelligence from population data, enabling health plans and systems to create better risk management strategies and financially sustainable care programs. (June 2025)

Supporting Individuals Throughout Their Recovery Journey

Bridging the Care Gap Between Inpatient Psychiatric and Traditional Outpatient Therapy

Transforming the Patient Journey

Investment Profiles

Impact Thesis

• Due to an increased prevalence of mental health and eating disorder diagnoses and treatment utilization, provider supply does not currently meet the demand for services. 

• Odyssey Behavioral Healthcare represents a scaled, national platform that offers a comprehensive range of behavioral health services, addressing gaps in regions with insufficient resources. 

• The company prioritizes clinical excellence, employing highly credentialed treatment teams to ensure best-in-class results; the Company’s success to date is largely attributed to its positive market reputation, which is a direct result of its clinical outcomes. 

• Odyssey Behavioral Healthcare partners with Harvard and McLean Hospital to measure and publish its residential treatment program outcomes, reinforcing its commitment to evidence-based care.

Investment Thesis

• Odyssey Behavioral Healthcare is one of the few behavioral health providers offering a broad continuum of care and a diversified payor mix, with no reliance on government funding. 

• The company has demonstrated its ability to drive growth both organically and via de novo sites and strategic acquisitions, now operating 63 treatment centers across 10 states. 

• Together, JLL and management form a cohesive team with deep experience, including prior private equity ownership and an existing relationship with the deal team. 

Impact Metrics

discharges

6,600

of patients with two or more diagnoses

47%

patients served

5,400