S2G's 2025 Annual Report

2025 marked an important evolution for S2G. We began the year by rebranding to S2G Investments, reflecting the continued growth of our firm and focus on financing the modernization of the physical economy across food & agriculture, energy, and oceans. Through our Growth Equity and Structured Finance strategies, we continue to provide fit-for-purpose capital to companies and assets addressing critical challenges across these sectors.

Throughout the year, we put our conviction into action. We committed and invested $333 million across our portfolio, completed five exits, added eight companies, and continued our support of 41 portfolio companies with follow-on capital. That momentum carried into 2026, culminating in the May close of Solutions Fund I, a $1 billion growth-stage fund focused on companies improving efficiency, resilience, and long-term value across the core systems that power the global economy.

Our 2025 Annual Report goes deeper on our sector strategies, the companies we are backing, and how we work with portfolio leadership teams.

The report also shares results from our annual Impact Survey. Across participating portfolio companies, 22.7 million acres were under sustainable management, more than 29,000 metric tons of food waste were avoided or reduced, and nearly 2.5 million metric tons of greenhouse gas emissions were avoided, reduced, or mitigated in 2025.

Taken together, the data, portfolio activity, and perspectives in the report offer a view into how we are investing today and the opportunities we see ahead.