Union Heritage

BELIEFSPhenomenal people build phenomenal businesses We succeed only when those around us succeed We are not always right, but we always work hard We take big risks and follow our own conviction (not the crowd’s) Relationships last a lifetime; deals come and go Talk is cheap; results speak MISSIONTo invest and develop phenomenal people and businesses To attract, excite, and develop phenomenal team members To deliver superior risk-adjusted returns to our investors VALUESPeople-first: be accessible to all entrepreneurs regardless of background; invest in great people first, great ideas second Independence: maintain always our obligation to dissent, be contrary (to a fault), and speak the truth (especially when hard) Professionalism: observe the highest ethical standards in all that we do; client-service approach with entrepreneurs and investors Growth (not perfection): encourage mistakes and place a large premium on learning, coaching, and development One-firm: a non-hierarchical, meritocratic team culture

Fund of Funds is a specialized investment firm. Since its establishment in 2006, Fund of Funds has promoted productive investment in Mexico and Latin America, to catalyze the development and competitiveness of SMEs, as well as the energy and infrastructure sectors. Fund of Funds has implemented a strategic plan to invest and develop Private Equity, Venture Capital, Energy & Infrastructure, and Impact Investing funds. As an alternative asset manager, Fund of Funds manages third-party resources with best international practices, creating unique databases in the industry and selecting experts with a solid reputation and proven careers. Currently, it manages investment commitments in funds for nearly one billion dollars and third-party resources that have decided to rely on the team's experience, for another one billion dollars. GENERAL OBJECTIVESTo foster the culture of risk capital in the country, as well as to promote changes to the legal framework that are suitable for this industry. To manage funds and risk capital investment programs from third parties, mainly institutional investors. To design and operate exit mechanisms that are appropriate for these investments, promoting the creation of the required and suitable vehicles. To manage and invest the resources provided by shareholders and institutional investors in private and venture capital funds and other investment vehicles to support companies and projects in Mexico and in the Latin American Region. OUR MISSION To promote, modernize and consolidate the private and venture capital industry in Mexico, investing long-term financial resources with the best corporate governance practices and the administrative techniques that tend to increase the productivity, profitability and sustainability of the companies. OUR VISION To be the most profitable institutional alternative asset management company, who promotes and enforces the best international practices of the industry in Mexico and Latin America. EXPERIENCE AND TEAM Fund of Funds team is the core strength of the company. It has a group of professionals with experience and expertise in finance, investments, monitoring and controlling funds, companies and projects, specialized in private equity, energy, venture capital and impact funds, national and international, and united by their commitment to excellence. The team's financial experience adds more than three hundred years in investment banking, corporate finance and financial engineering, and another two hundred years as an alternative asset management, mainly in private equity and venture capital transactions. Since its foundation, the company has focused on the selection of reliable fund managers with proven experience, the conduction of detailed due diligence processes and the development of strategies to do the tracking of their investments. There is also a commitment to continuous improvement through training programs that allow each process to be executed according to high quality standards. CORPORATE GOVERNANCEFor a better performance, the fund has established a modern corporate governance scheme supported by a board of directors, with fifty per cent of independent counselors, as well as three supporting committees: the investment, the audit and the corporate practices committee, each chaired by an independent counselor. The investment committee: Analyzes and recommends investment opportunities to the board of directors. The audit committee: Supervises and monitors the activities of the company to provide support and recommendations to the board of directors.​ The committee of corporate practices: The committee of corporate practices: Supports the board with the manuals and policies revision, the evaluation and nomination of directors and managers, the job profile description, the compensation plans and the transactions with related parties.

Sage is the evolution of a legacy built upon resilience, passion, integrity and curiosity - created in partnership with the Lauder Zinterhofer family. Sage is an evergreen investment platform that partners with high-integrity founders and fund managers across sectors, stages, and geographies. We invest through a human- and data-centric lens, evolving alongside the ever-changing markets around us. Our founders are an extension of our family, building businesses that shape and change our world.

Our portfolio includes private equity, real assets, and impact-driven projects. We are committed to building sustainable, resilient solutions that drive financial growth as well as positive societal outcomes. Scale: Great solutions work on several levels. Whether tackling large-scale challenges or finessing tiny details, every decision must contribute to long-term value. For us, scale is about understanding the big picture, as well as the smaller steps that make it a reality. Curiosity: Curiosity sparks everything else. We explore new ideas and ask questions that push us beyond the obvious. This helps uncover hidden opportunities and drive deeper, more meaningful change. Courage: Progress doesn’t happen by playing it safe. Real impact requires bold action. It involves calculated risks and the courage to embrace new possibilities in the unknown. We approach each investment with confidence. Challenges are opportunities in disguise. Connection: Real progress happens when people work together. Collaboration is key to achieving long-term success, and we prioritise building strong relationships with our partners, teams, and the communities we invest in. Our approach goes beyond capital. It’s about connecting people and ideas – that’s where meaningful outcomes are born. The origin story Skaala’s story is rooted in 2005 when Taavet Hinrikus was busy building Skype as its first employee. To manage his early startup investments, he created a holding company. Those few ventures soon expanded into a portfolio of dozens, driven by Taavet’s curiosity and his passion for supporting other founders. After departing Skype, in 2010 Taavet co-founded Wise (then known as TransferWise). The company gained rapid momentum by making money transfers fast and affordable. Wise went public in 2021, becoming not just Europe’s first-ever direct listing, but also the largest tech IPO in UK history. Meanwhile, his friend and former Skype colleague, Sten Tamkivi, launched Teleport, which made it easier for individuals and teams to move around globally. Teleport’s success eventually led to its acquisition by Topia. In 2021, Taavet and Sten joined forces to launch Taavet+Sten, an investment platform rooted in their shared mission to create meaningful, lasting impact. In 2022, alongside three other partners, they co-founded Plural, a venture fund for Europe’s most ambitious tech founders. It quickly became their main channel for VC investments, supporting startups poised for significant growth and positive change. Today, both Taavet and Sten focus most of their day to day efforts on Plural. Since late 2024, Taavet+Sten operates under a new name, Skaala. It has evolved into an independent investment company that spans diverse asset classes and impact-driven projects. Built on insights gained from the founders’ past endeavours, Skaala fosters systemic change through solutions that last. Skaala is led by a team of four partners: Kristina (CEO), Martin (CLO), and Taavet and Sten. Day-to-day operations are managed by Kristina, Martin, and a dedicated team of ten. Taavet and Sten focus primarily on Plural.

We're investing in phenomenal founders who've pledged to give via Founders Pledge. Using a rules-based approach, we're building a global portfolio of growth stage companies whose founders have pledged to give. Through our partnership with Founders Pledge, we have unique access to exceptional founders and high quality companies, with a well-established community of 2000+ members in 40 countries. Our mission is to offer uncompromised benefits: outsized returns for LPs, and charitable funding for Founders Pledge as they empower the non-profits making the biggest difference in the world. What makes us unique: Pledge Ventures was designed as a new economic engine for Founders Pledge. We donate 85% of carried interest and up to 50% of annual management fees to the charity. Our strategy guides us to find the best deals, and investments are driven by a set of rules: Top-tier VC participating in the round: Co-investing with leading funds allows us to benefit from their expertise, and ensures we’re participating in the most promising deals. Raising $20M+ in Series B or beyond: We focus exclusively on late-stage rounds to target exceptional businesses at the point of scaling. Founder is a member of Founders Pledge: Unique access to high-growth companies allows us to participate in highly-competitive and oversubscribed rounds.

When we launched Heritage, we did it with the idea of building a next-generation fund, combining traditional investment sourcing and evaluation strategies with proprietary technology solutions and data-driven approaches. We want to connect the most elite families and entrepreneurs globally with carefully vetted top-performing private market opportunities, by heavily leveraging our digital products to make the alternative investment market more accessible, efficient, and connected. Our team is proud of being international and eclectic, counting on the presence of top-notch individuals from a variety of diverse backgrounds: from private equity/ venture capital professionals and bankers to acclaimed software geeks, lawyers, and entrepreneurs.