INCLUSIVE CAPITAL PARTNERS, L.P.

https://in-cap.com/ SAN FRANCISCO, CA Investment Advisor Hedge Fund Activist Investor How do I update this listing?

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Inclusive Capital Partners is based out of San Francisco. Inclusive Capital Partners is a hedge fund with 9 clients and discretionary assets under management (AUM) of $2,055,443,000 (Form ADV from 2022-07-27). Their last reported 13F filing for Q2 2022 included $895,387,000 in managed 13F securities and a top 10 holdings concentration of 100.0%. Inclusive Capital Partners's largest holding is Enviva Inc with shares held of 5,212,296. Whalewisdom has at least 7 13F filings, 23 13D filings, and 2 Form 4 filings

06/30/2022

13F Activity

  • Market Value $895.387 Million
  • Prior Market Value $969.11 Million
  • New Purchases2 stocks
  • Additional Purchases3 stocks
  • Sold out of0 stocks
  • Reduced holdings in1 stock
  • Top 10 Holdings % 100.00 %
  • Turnover % [1]:20.00%
  • Turnover Alt % [2]: 0.72 %
  • Time Held Top20:4.60 quarters
  • Time Held Top10:4.60 quarters
  • Time Held All:4.60 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

06/30/2022

13F Sector Allocation Over Time

Portfolio Performance

Top 20 equal-weighted holdings. Performance numbers calculated through 2022-08-15

Performance for Q2 2022: 3.53%
Performance Last 4 Quarters: -7.02%
Performance Metrics
Stats are not available for the latest quarter

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*Shares are split adjusted

Global (ex. US) Holdings

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Stale Holdings (no activity in past 21-months or sold out)

Source: Refinitiv. Stale holdings data removed after 21-months of inactivity.

View Last Form Adv Compilation Report on Record

INCLUSIVE CAPITAL PARTNERS, L.P.
Classified as Hedge Fund
1170 GORGAS AVENUE
SAN FRANCISCO CA    94129
Country: United States

Business Phone: (415) 625-8980
Fax:
Professional Investment Advisor Data
SEC Registration as : Large Advisory Firm
Form of Organization: Limited Partnership
Organized in: DE
Number of employees: 18
Other Business Activities: commodity pool operator or commodity trading advisor
Advisor Fees/Compensation: Percentage of assets under management,Performance-based fees
Amount of client funds and securities: 1,753,340,000
Total Number of Clients: 9
Amount of client funds and securities by related persons: 1,753,340,000
Total Number of clients from related persons: 8
Disclosures:
Data above was derived from SEC filings.

Active Schedule 13D and 13G events

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Insider Transactions in the past year

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INCLUSIVE CAPITAL PARTNERS, L.P.

ownership team - last updated 2022-03-31
Name Title Start Date Direct/Indirect % Ownership
UBBEN, JEFFREY, WILLIAMS LIMITED PARTNER; MANAGING PARTNER; PORTFOLIO MANAGER 07/01/2020 Direct 75% or more
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
HAMEL, GEORGE, FELIX LIMITED PARTNER; MANAGING PARTNER 05/01/2020 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
ZLOTNICKA, EVA TIFFANY LIMITED PARTNER; MANAGING PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER; MANAGING PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MANAGING MEMBER indirect 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MEMBER indirect 2020-07-01
SULLIVAN, ANNE, THERESE CHIEF OPERATING OFFICER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
MARCATO CAPITAL MANAGEMENT LP CHIEF COMPLIANCE OFFICER / FINANCE AND BUSINESS OPERATIONS direct 2017-03-01
SIU, CHUCK, WING CHIEF FINANCIAL OFFICER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2007-01-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2006-05-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2008-04-01
FARRELL, SARAH, ELIZABETH LIMITED PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
HALFMANN, PATRICK, TIMOTHY LIMITED PARTNER 06/01/2021 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2021-06-01
FORESTER DE ROTHSCHILD, LYNN LIMITED PARTNER; MANAGING PARTNER 05/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01
SLOCUM, WILLIAM, JOSHUA LIMITED PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
PRADEL, PHILIPPE, BAPTISTE-HENRI CHIEF COMPLIANCE OFFICER AND LEGAL COUNSEL 01/01/2021 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. CHIEF COMPLIANCE OFFICER AND LEGAL COUNSEL direct 2021-01-01
INCLUSIVE CAPITAL PARTNERS, L.L.C. GENERAL PARTNER 05/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. GENERAL PARTNER direct 2020-05-01
UBBEN, JEFFREY, WILLIAMS MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 07/01/2020 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
HAMEL, GEORGE, FELIX MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
ZLOTNICKA, EVA TIFFANY MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 07/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER; MANAGING PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MANAGING MEMBER indirect 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MEMBER indirect 2020-07-01
FORESTER DE ROTHSCHILD, LYNN MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
IN-CAP UL HOLDINGS, LLC United States 805-7453014410 Private Equity Fund 109,722,000 10,000,000
INCLUSIVE CAPITAL PARTNERS SPRING MASTER FUND II, L.P. British Virgin Islands 805-6276426448 Hedge Fund 753,960,000 250,000 Master Fund
INCLUSIVE CAPITAL PARTNERS SPRING MASTER FUND, L.P. British Virgin Islands 805-2126303788 Hedge Fund 889,660,000 10,000,000 Master Fund

INCLUSIVE CAPITAL PARTNERS, L.P.

ownership team - last updated 2021-08-30
Name Title Start Date Direct/Indirect % Ownership
UBBEN, JEFFREY, WILLIAMS LIMITED PARTNER; MANAGING PARTNER; PORTFOLIO MANAGER 07/01/2020 Direct 75% or more
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
HAMEL, GEORGE, FELIX LIMITED PARTNER; MANAGING PARTNER 05/01/2020 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
ZLOTNICKA, EVA TIFFANY LIMITED PARTNER; MANAGING PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER; MANAGING PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MANAGING MEMBER indirect 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MEMBER indirect 2020-07-01
SULLIVAN, ANNE, THERESE CHIEF OPERATING OFFICER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
MARCATO CAPITAL MANAGEMENT LP CHIEF COMPLIANCE OFFICER / FINANCE AND BUSINESS OPERATIONS direct 2017-03-01
SIU, CHUCK, WING CHIEF FINANCIAL OFFICER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2007-01-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2006-05-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2008-04-01
FARRELL, SARAH, ELIZABETH LIMITED PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
HALFMANN, PATRICK, TIMOTHY LIMITED PARTNER 06/01/2021 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2021-06-01
FORESTER DE ROTHSCHILD, LYNN LIMITED PARTNER; MANAGING PARTNER 05/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01
SLOCUM, WILLIAM, JOSHUA LIMITED PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
PRADEL, PHILIPPE, BAPTISTE-HENRI CHIEF COMPLIANCE OFFICER AND LEGAL COUNSEL 01/01/2021 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. CHIEF COMPLIANCE OFFICER AND LEGAL COUNSEL direct 2021-01-01
INCLUSIVE CAPITAL PARTNERS, L.L.C. GENERAL PARTNER 05/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. GENERAL PARTNER direct 2020-05-01
UBBEN, JEFFREY, WILLIAMS MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 07/01/2020 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
HAMEL, GEORGE, FELIX MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
ZLOTNICKA, EVA TIFFANY MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 07/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER; MANAGING PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MANAGING MEMBER indirect 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MEMBER indirect 2020-07-01
FORESTER DE ROTHSCHILD, LYNN MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
IN-CAP UL HOLDINGS, LLC United States 805-7453014410 Private Equity Fund 101,525,000 10,000,000
INCLUSIVE CAPITAL PARTNERS SPRING MASTER FUND II, L.P. British Virgin Islands 805-6276426448 Hedge Fund 327,531,447 250,000 Master Fund
INCLUSIVE CAPITAL PARTNERS SPRING MASTER FUND A, L.P. British Virgin Islands 805-3437006802 Hedge Fund 71,992,000 10,000,000 Master Fund
INCLUSIVE CAPITAL PARTNERS SPRING MASTER FUND, L.P. British Virgin Islands 805-2126303788 Hedge Fund 1,216,154,000 10,000,000 Master Fund

INCLUSIVE CAPITAL PARTNERS, L.P.

ownership team - last updated 2021-05-17
Name Title Start Date Direct/Indirect % Ownership
UBBEN, JEFFREY, WILLIAMS LIMITED PARTNER; MANAGING PARTNER; PORTFOLIO MANAGER 07/01/2020 Direct 75% or more
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
HAMEL, GEORGE, FELIX LIMITED PARTNER; MANAGING PARTNER 05/01/2020 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
ZLOTNICKA, EVA TIFFANY LIMITED PARTNER; MANAGING PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER; MANAGING PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MANAGING MEMBER indirect 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MEMBER indirect 2020-07-01
SULLIVAN, ANNE, THERESE CHIEF OPERATING OFFICER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
MARCATO CAPITAL MANAGEMENT LP CHIEF COMPLIANCE OFFICER / FINANCE AND BUSINESS OPERATIONS direct 2017-03-01
SIU, CHUCK, WING CHIEF FINANCIAL OFFICER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2007-01-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2006-05-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2008-04-01
FARRELL, SARAH, ELIZABETH LIMITED PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
FORESTER DE ROTHSCHILD, LYNN LIMITED PARTNER; MANAGING PARTNER 05/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01
SLOCUM, WILLIAM, JOSHUA LIMITED PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
PRADEL, PHILIPPE, BAPTISTE-HENRI CHIEF COMPLIANCE OFFICER AND LEGAL COUNSEL 01/01/2021 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. CHIEF COMPLIANCE OFFICER AND LEGAL COUNSEL direct 2021-01-01
INCLUSIVE CAPITAL PARTNERS, L.L.C. GENERAL PARTNER 05/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. GENERAL PARTNER direct 2020-05-01
UBBEN, JEFFREY, WILLIAMS MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 07/01/2020 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
HAMEL, GEORGE, FELIX MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
ZLOTNICKA, EVA TIFFANY MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 07/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER; MANAGING PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MANAGING MEMBER indirect 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MEMBER indirect 2020-07-01
FORESTER DE ROTHSCHILD, LYNN MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
INCLUSIVE CAPITAL PARTNERS SPRING MASTER FUND A, L.P. British Virgin Islands 805-3437006802 Hedge Fund 71,992,000 10,000,000 Master Fund
INCLUSIVE CAPITAL PARTNERS SPRING MASTER FUND, L.P. British Virgin Islands 805-2126303788 Hedge Fund 1,216,154,000 10,000,000 Master Fund

INCLUSIVE CAPITAL PARTNERS, L.P.

ownership team - last updated 2021-03-31
Name Title Start Date Direct/Indirect % Ownership
UBBEN, JEFFREY, WILLIAMS LIMITED PARTNER; MANAGING PARTNER; PORTFOLIO MANAGER 07/01/2020 Direct 75% or more
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
HAMEL, GEORGE, FELIX LIMITED PARTNER; MANAGING PARTNER 05/01/2020 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
ZLOTNICKA, EVA TIFFANY LIMITED PARTNER; MANAGING PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER; MANAGING PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MANAGING MEMBER indirect 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MEMBER indirect 2020-07-01
SULLIVAN, ANNE, THERESE CHIEF OPERATING OFFICER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
MARCATO CAPITAL MANAGEMENT LP CHIEF COMPLIANCE OFFICER / FINANCE AND BUSINESS OPERATIONS direct 2017-03-01
SIU, CHUCK, WING CHIEF FINANCIAL OFFICER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2007-01-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2006-05-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2008-04-01
FARRELL, SARAH, ELIZABETH LIMITED PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
FORESTER DE ROTHSCHILD, LYNN LIMITED PARTNER; MANAGING PARTNER 05/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01
SLOCUM, WILLIAM, JOSHUA LIMITED PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
PRADEL, PHILIPPE, BAPTISTE-HENRI CHIEF COMPLIANCE OFFICER AND LEGAL COUNSEL 01/01/2021 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. CHIEF COMPLIANCE OFFICER AND LEGAL COUNSEL direct 2021-01-01
INCLUSIVE CAPITAL PARTNERS, L.L.C. GENERAL PARTNER 05/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. GENERAL PARTNER direct 2020-05-01
UBBEN, JEFFREY, WILLIAMS MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 07/01/2020 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
HAMEL, GEORGE, FELIX MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
ZLOTNICKA, EVA TIFFANY MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 07/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER; MANAGING PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MANAGING MEMBER indirect 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MEMBER indirect 2020-07-01
FORESTER DE ROTHSCHILD, LYNN MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
INCLUSIVE CAPITAL PARTNERS SPRING MASTER FUND A, L.P. British Virgin Islands 805-3437006802 Hedge Fund 71,992,410 10,000,000 Master Fund
INCLUSIVE CAPITAL PARTNERS SPRING MASTER FUND, L.P. British Virgin Islands 805-2126303788 Hedge Fund 1,209,932,594 10,000,000 Master Fund

INCLUSIVE CAPITAL PARTNERS, L.P.

ownership team - last updated 2020-12-21
Name Title Start Date Direct/Indirect % Ownership
UBBEN, JEFFREY, WILLIAMS LIMITED PARTNER; MANAGING PARTNER; PORTFOLIO MANAGER 07/01/2020 Direct 75% or more
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
HAMEL, GEORGE, FELIX LIMITED PARTNER; MANAGING PARTNER 05/01/2020 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
ZLOTNICKA, EVA TIFFANY LIMITED PARTNER; MANAGING PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER; MANAGING PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MANAGING MEMBER indirect 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MEMBER indirect 2020-07-01
SULLIVAN, ANNE, THERESE CHIEF COMPLIANCE OFFICER; CHIEF OPERATING OFFICER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
MARCATO CAPITAL MANAGEMENT LP CHIEF COMPLIANCE OFFICER / FINANCE AND BUSINESS OPERATIONS direct 2017-03-01
SIU, CHUCK, WING CHIEF FINANCIAL OFFICER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2007-01-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2006-05-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2008-04-01
FARRELL, SARAH, ELIZABETH LIMITED PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
FORESTER DE ROTHSCHILD, LYNN LIMITED PARTNER; MANAGING PARTNER 05/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01
SLOCUM, WILLIAM, JOSHUA LIMITED PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.L.C. GENERAL PARTNER 05/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. GENERAL PARTNER direct 2020-05-01
UBBEN, JEFFREY, WILLIAMS MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 07/01/2020 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
HAMEL, GEORGE, FELIX MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
ZLOTNICKA, EVA TIFFANY MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 07/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER; MANAGING PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MANAGING MEMBER indirect 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MEMBER indirect 2020-07-01
FORESTER DE ROTHSCHILD, LYNN MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
INCLUSIVE CAPITAL PARTNERS SPRING MASTER FUND A, L.P. British Virgin Islands 805-3437006802 Hedge Fund 89,392,937 10,000,000 Master Fund
INCLUSIVE CAPITAL PARTNERS SPRING MASTER FUND, L.P. British Virgin Islands 805-2126303788 Hedge Fund 1,167,616,343 10,000,000 Master Fund

INCLUSIVE CAPITAL PARTNERS, L.P.

ownership team - last updated 2020-08-12
Name Title Start Date Direct/Indirect % Ownership
UBBEN, JEFFREY, WILLIAMS LIMITED PARTNER; MANAGING PARTNER; PORTFOLIO MANAGER 07/01/2020 Direct 75% or more
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
HAMEL, GEORGE, FELIX LIMITED PARTNER; MANAGING PARTNER 05/01/2020 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
ZLOTNICKA, EVA TIFFANY LIMITED PARTNER; MANAGING PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER; MANAGING PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MANAGING MEMBER indirect 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MEMBER indirect 2020-07-01
SULLIVAN, ANNE, THERESE CHIEF COMPLIANCE OFFICER; CHIEF OPERATING OFFICER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
MARCATO CAPITAL MANAGEMENT LP CHIEF COMPLIANCE OFFICER / FINANCE AND BUSINESS OPERATIONS direct 2017-03-01
SIU, CHUCK, WING CHIEF FINANCIAL OFFICER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2007-01-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2006-05-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF FINANCIAL OFFICER direct 2008-04-01
FARRELL, SARAH, ELIZABETH LIMITED PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
FORESTER DE ROTHSCHILD, LYNN LIMITED PARTNER; MANAGING PARTNER 05/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01
SLOCUM, WILLIAM, JOSHUA LIMITED PARTNER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.L.C. GENERAL PARTNER 05/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. GENERAL PARTNER direct 2020-05-01
UBBEN, JEFFREY, WILLIAMS MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 07/01/2020 Indirect 75% or more
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF EXECUTIVE OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
HAMEL, GEORGE, FELIX MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
ZLOTNICKA, EVA TIFFANY MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 07/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. LIMITED PARTNER; MANAGING PARTNER direct 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MANAGING MEMBER indirect 2020-07-01
INCLUSIVE CAPITAL PARTNERS, L.P. MEMBER indirect 2020-07-01
FORESTER DE ROTHSCHILD, LYNN MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect Other
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
INCLUSIVE CAPITAL PARTNERS SPRING MASTER FUND A, L.P. British Virgin Islands 805-3437006802 Hedge Fund 89,392,937 10,000,000 Master Fund
INCLUSIVE CAPITAL PARTNERS SPRING MASTER FUND, L.P. British Virgin Islands 805-2126303788 Hedge Fund 1,167,616,343 10,000,000 Master Fund

INCLUSIVE CAPITAL PARTNERS, L.P.

ownership team - last updated 2020-05-26
Name Title Start Date Direct/Indirect % Ownership
HAMEL, GEORGE, FELIX LIMITED PARTNER, CHIEF COMPLIANCE OFFICER 05/01/2020 Direct 50 - 75%
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
FORESTER DE ROTHSCHILD, LYNN LIMITED PARTNER 05/01/2020 Direct 50 - 75%
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01
INCLUSIVE CAPITAL PARTNERS, L.L.C. GENERAL PARTNER 05/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
INCLUSIVE CAPITAL PARTNERS, L.P. GENERAL PARTNER direct 2020-05-01
HAMEL, GEORGE, FELIX MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
VALUEACT CAPITAL MANAGEMENT, L.P. PARTNER VALUEACT & MEMBER OF THE GENERAL PARTNER direct 2004-12-01
VALUEACT CAPITAL MANAGEMENT, L.P. MANAGING MEMBER indirect 2004-12-01
VALUEACT SMALLCAP MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2007-01-01
VALUEACT SMALLCAP MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
VALUEACT CAPITAL MANAGEMENT, L.P. CHIEF OPERATING OFFICER direct 2000-07-01
VALUEACT CAPITAL MANAGEMENT, L.P. ELECTED MEMBER OF THE MANAGEMENT BOARD indirect 2007-11-01
FORESTER DE ROTHSCHILD, LYNN MANAGING MEMBER INCLUSIVE CAPITAL PARTNERS, L.L.C. 05/01/2020 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
BAKER TILLY INVESTMENT ADVISORS DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2013-05-01
BRONFMAN E.L. ROTHSCHILD, L.P. DIRECTOR direct 2017-03-01

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