Inexperienced Eight Capital AG, a mission-driven non-public funding agency, introduced in the present day that Dennis Muilenburg, former CEO and Chairman of The Boeing Firm (NYSE: BA), has joined its Board of Administrators, serving to launch the corporate’s new Aerospace Innovation Fund.
As Inexperienced Eight Capital’s second non-public markets fund, the Aerospace Innovation Fund will direct capital into aerospace and aerospace-adjacent industries to deal with a worldwide want for reconstituted provide chains, resilient industrial bases, and foundational applied sciences with the purpose of delivering constructive impression and producing aggressive monetary returns for purchasers.
Mr. Muilenburg will actively assist the Aerospace Innovation Fund funding group whereas additionally steering Inexperienced Eight Capital and supporting the success of its portfolio corporations.
“We’re excited to have Mr. Muilenburg be a part of us,” mentioned Philipp Maurer, CEO of Inexperienced Eight Capital. “He brings greater than 35 years of aerospace trade expertise and shares our imaginative and prescient of an trade that may—when the best corporations get correct backing—be a pillar of future economies, applied sciences, and livelihoods.”
Mr. Muilenburg served as CEO of The Boeing Firm from 2015 to 2019 and championed entrepreneurship on the firm with the launch of each HorizonX and NeXt. As well as, he served on the Board of Administrators of Caterpillar Inc. (NYSE: CAT) and sat as Chairman of the Aerospace Industries Affiliation’s Board of Governors.
“Constructing on my expertise at Boeing, I wished to give attention to investing in individuals and the way aerospace innovation might resolve lots of the points the world is going through,” Muilenburg mentioned. “This sector is technology-rich with nice entrepreneurs, modern expertise, and high quality companies—all able to sort out in the present day’s challenges and create extraordinary alternatives for the long run. Inexperienced Eight is in a robust place to establish prime corporations and assist them push the envelope for progress and objective whereas concurrently rewarding like-minded buyers.”
Inexperienced Eight is constant to lift capital for the Aerospace Innovation Fund and will likely be saying additional additions to its management group and Board of Administrators. For extra info, please attain out to [email protected].
About Inexperienced Eight Capital
Based in 2018 as a derivative from Deutsche Financial institution, Inexperienced Eight Capital is a mission-driven non-public markets funding agency. The corporate lately launched the stage-agnostic Aerospace Innovation Fund, a Luxembourg RAIF, to behave as a accomplice to cutting-edge aerospace and protection corporations whereas additionally producing aggressive monetary returns for purchasers. Inexperienced Eight Capital has workplaces in Zurich and New York. To be taught extra, please go to www.g8c.com.