Nature's Own Hedge Fund

Under the leadership of a Goldman Sachs alum, the Nature Conservancy’s investment returns and corporate partnerships are upending the nonprofit green world
Illustration by Nicholas Blechman

On the day in May 2008 when Mark Tercek, a managing director at Goldman Sachs, got a cell-phone call from a headhunter informing him that he’d likely gotten the job of running the Nature Conservancy, he was so excited that he backed his Jeep Grand Cherokee into a tree, shattering the back window. Anxious that gouging a tree might be a bad omen, he jumped out to see how bad it was. To his relief, he’d done far more damage to his vehicle than the tree.

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