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At Lightrock, our expertise in driving positive impact and our focus on environmental, social, and governance (ESG) factors are actively applied within the public markets. We concentrate on the small-cap universe, offering solutions that aim to create long term value to stakeholders through engaged ownership and thorough fundamental research.
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The Lightrock Global Small-Cap’s strategy aims to generate positive long-term returns, by seeking to outperform the MSCI World Small Cap Index Total Net Return (“the Benchmark”). The strategy integrates ESG and positive impact considerations into the investment process.


Investment Strategy

Our committed team focuses on investments in equities issued by small-cap companies globally in developed markets. These companies are defined as companies that are no larger by market capitalisation than the largest constituent of the Benchmark. Furthermore, the strategy combines the principles of long-term investment with responsible active ownership, which includes proactive engagement with portfolio companies on a broad range of topics.
The investment strategy is based on a bottom-up fundamental research process with a long-term investment horizon. Key factors considered are the assessment of the leadership team, corporate governance, management’s capital allocation track record, the quality of the balance sheet, and the ability of the portfolio company to earn above average returns.
This leads to a strategy that invests in 50-75 portfolio companies, well diversified across different sectors and regions. Other targeted portfolio characteristics include robust sustainability and governance standards, an attractive valuation, high quality (measured by return on capital employed), strong balance sheets, and companies that trade at a discount to their intrinsic value. Lightrock believes that the best way to achieve positive long-term investment returns is to align the interests of clients with that of Lightrock employees, by investing alongside clients in the strategy.
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Approach
ImpactPortfolioAboutTeamNewsContact


Global Small-cap Strategy Team

Luuk
Jagtenberg
Portfolio Manager
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Luuk
Jagtenberg
Portfolio Manager
Luuk is a Portfolio Manager at Lightrock. As a long-term and engaged shareholder he strives to have a meaningful impact on ensuring global health and well-being and tackling climate change. Before joining Lightrock, Luuk was a Senior Portfolio Manager at Van Lanschot Kempen, where he successfully grew and managed the listed global small-cap strategy. He holds a Master's in Finance from VU Amsterdam and is a Chartered Financial Analyst (CFA) Charterholder. Luuk enjoys playing tennis and padel in his free time and is keen to try new restaurants in Amsterdam. He is an avid reader and has an ever-increasing vinyl collection.
Chris
Kaashoek
Partner
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Chris
Kaashoek
Partner
Chris is a Partner at Lightrock. Before joining Lightrock, Chris was a Senior Portfolio Manager at Van Lanschot Kempen, where he successfully grew and managed the listed global small-cap strategy. Before that, Chris gained experience in private equity and sell-side equity research. Chris believes that companies can only sustainably create value over the long term when taking good care of all stakeholders. Chris loves spending time with his friends and family, and enjoys being in nature. At times, he tries to play the drums.
Maarten  
Vankan
Partner
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Maarten
Vankan
Partner
Maarten is a Partner at Lightrock. Before joining Lightrock, Maarten was a Senior Portfolio Manager at Van Lanschot Kempen, where he successfully grew and managed the listed global small-cap strategy Maarten spent his career mostly as a buy-side portfolio manager, specialising in technology and consumer stocks. Maarten's motivation to work at Lightrock is his fundamental belief the world requires a different mindset to tackle major issues like climate change and biodiversity loss. Maarten loves spending time with his family and friends. He enjoys playing tennis, coaching his son's football team and as a real Dutchman, cycling to the office.
Michiel
Van Dijk
Principal
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Michiel
Van Dijk
Principal
Michiel is a Principal at Lightrock. Before joining Lightrock, Michiel was a Senior Portfolio Manager at Van Lanschot Kempen, where he managed the listed European and Dutch small-cap strategies for 15 years. Michiel holds a Master’s in Financial Economics from the Erasmus University Rotterdam. Through long-term active ownership Michiel believes that he can have a meaningful impact on strategy, sustainability and governance with public companies. In his spare time Michiel spends his time with his family and can also be found outside running, cycling or playing padel.
Lotte Van
Meerten
Compliance Officer & Risk Manager
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Lotte Van
Meerten
Compliance Officer & Risk Manager
Lotte van Meerten is the Compliance Officer & Risk Manager for Lightrock Netherlands. Her ambition in her career is to make sustainable impact in the long-term taking different stakeholders in- and outside of Lightrock into account. Previously, Lotte worked as a Risk & Compliance consultant at Protiviti and as a Compliance officer for Van Lanschot Kempen, focusing on sustainable finance regulations and conduct. Lotte has a Master of Science in Criminology and is an Executive Master of Compliance (EMOC). Both titles were obtained at the Vrije Universiteit Amsterdam. In her free time, she enjoys traveling, playing (and watching) sports, gardening and above all spending time with family, friends and her husband and cat.
Tessa
Sosef
Operations & Account Manager
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Tessa
Sosef
Operations & Account Manager
Tessa is an Operations & Account Manager at Lightrock. She is passionate about driving positive change in the world for a better future. Before joining Lightrock, Tessa worked for over 6 years at Van Lanschot Kempen in different roles, including a client servicing role focusing on large institutional clients. Tessa holds a Master's in Finance & Investments from the Erasmus University Rotterdam. Tessa loves spending time with her family and friends. Her other passion is exploring the world through travel and cuisine.

recent
news & updates

July 5, 2024
portfolio news
Arya.ag raises $29 million from existing investors

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July 5, 2024
portfolio news
Arya.ag raises $29 million from existing investors
July 4, 2024
company news
Ademidun (Demi) Edosomwan joins Lightrock as a Partner

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July 4, 2024
company news
Ademidun (Demi) Edosomwan joins Lightrock as a Partner
July 2, 2024
portfolio news
ComBio raises R$450 million with International Finance Corporation

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July 2, 2024
portfolio news
ComBio raises R$450 million with International Finance Corporation
July 2, 2024
portfolio news
Dataiku partners with KPMG to help businesses adopt AI faster

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July 2, 2024
portfolio news
Dataiku partners with KPMG to help businesses adopt AI faster
see more news
June 27, 2024
company news
'ESG is elementary, but impact investments [...] need to be the focus,' says Lightrock Head of Impact LatAm Tatiana Sasson
June 27, 2024
company news
'ESG is elementary, but impact investments [...] need to be the focus,' says Lightrock Head of Impact LatAm Tatiana Sasson
latin america
February 26, 2024
portfolio news
Buser regarded as one of Brazil's most promising unicorns by macroeconomic report
February 26, 2024
portfolio news
Buser regarded as one of Brazil's most promising unicorns by macroeconomic report
latin america
February 15, 2024
portfolio news
Salauno announces initiative to raise awareness about eye health
February 15, 2024
portfolio news
Salauno announces initiative to raise awareness about eye health
latin america
February 14, 2024
portfolio news
Konfío loans more pesos to SMEs in Nuevo León than some commercial banks
February 14, 2024
portfolio news
Konfío loans more pesos to SMEs in Nuevo León than some commercial banks
latin america
February 21, 2024
company news
'Scaling is unique in the African market,' says Lightrock Partner Arul Thomas
February 21, 2024
company news
'Scaling is unique in the African market,' says Lightrock Partner Arul Thomas
africa
January 31, 2024
portfolio news
4G Capital exemplifies how B Corps can balance purpose and profits, according to a new white paper
January 31, 2024
portfolio news
4G Capital exemplifies how B Corps can balance purpose and profits, according to a new white paper
africa
January 16, 2024
portfolio news
Moniepoint's platform contributes to Nigeria's 8% increase in financial inclusion in 3 years
January 16, 2024
portfolio news
Moniepoint's platform contributes to Nigeria's 8% increase in financial inclusion in 3 years
africa
November 22, 2023
portfolio news
M-KOPA launches pay-as-you-go solar panel pilot scheme in South Africa
November 22, 2023
portfolio news
M-KOPA launches pay-as-you-go solar panel pilot scheme in South Africa
africa
July 4, 2024
company news
Ademidun (Demi) Edosomwan joins Lightrock as a Partner
July 4, 2024
company news
Ademidun (Demi) Edosomwan joins Lightrock as a Partner
europe
June 5, 2024
portfolio news
Octopus Energy joins the Lightrock Climate Impact Fund's portfolio
June 5, 2024
portfolio news
Octopus Energy joins the Lightrock Climate Impact Fund's portfolio
europe
March 5, 2024
portfolio news
Sunfire secures more than €500m in funding to accelerate its growth
March 5, 2024
portfolio news
Sunfire secures more than €500m in funding to accelerate its growth
europe
February 28, 2024
portfolio news
South Pole appoints Dr Daniel Klier as new CEO
February 28, 2024
portfolio news
South Pole appoints Dr Daniel Klier as new CEO
europe
March 29, 2024
portfolio news
AMPIN Energy Transition secures €25m in funding for its renewable energy expansion
March 29, 2024
portfolio news
AMPIN Energy Transition secures €25m in funding for its renewable energy expansion
india
March 1, 2024
portfolio news
Scaler announces near fivefold increase in revenue in 2023
March 1, 2024
portfolio news
Scaler announces near fivefold increase in revenue in 2023
india
February 24, 2024
portfolio news
Kauvery Hospital launches cervical cancer screening programme
February 24, 2024
portfolio news
Kauvery Hospital launches cervical cancer screening programme
india
February 19, 2024
portfolio news
Sukoon Health partners with 5 insurance giants to revolutionise India's mental health care access
February 19, 2024
portfolio news
Sukoon Health partners with 5 insurance giants to revolutionise India's mental health care access
india

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