Eolas Capital, a Boston-based incubator and strategic investment adviser for asset and wealth managers, will take an equity stake in Harmony Capital Advisors, a Rye, N.H.-based impact investment boutique launched in 2021.
Under an agreement announced Wednesday, Eolas will provide operational support, marketing and distribution for Harmony's global all-cap equity impact offering, which invests in companies developing sustainable solutions in their industries, according to a news release.
Terms of the deal - including the size and cost of Eolas' stake in Harmony - are not being disclosed, according to executives at Eolas and Harmony.
In an email, Robin Wehbe, Harmony Capital's president and chief investment officer, said his firm is currently managing some seed capital with plans to raise more seed capital in coming months.
Eolas, meanwhile, will distribute Harmony Capital's impact strategy to investment consultants, institutional asset owners and wealth platforms, "with an initial emphasis on endowments and foundations," according to a news release.