Bain Double Impact calls a trend: sustainable meals. Healthy eating led to sustainable foods, which led to Bain Capital Double Impact Fund’s double investment in the past week in healthy, sustainable restaurant ventures.
The $390 million fund, headed by former Massachusetts Gov. Deval Patrick, is looking for what Patrick calls “big secular trends driving market opportunities around mission-driven brands and companies.”

The Double Impact fund has taken an undisclosed stake in Sustainable Restaurant Group, based in Portland, Oregon, which operates five seafood restaurants in Oregon and Colorado, including Bamboo Sushi, which says it’s the first certified sustainable sushi restaurant. Sustainable Restaurant Group says its mission is building a sustainable, ethical supply chain and offering healthy dining options. Last week, Bain Double Impact backed vegan restaurant chain, by CHLOE.

“We’re firm believers that Americans will eat healthier, more sustainable food in the future than they do today,” Warren Valdmanis, who moved from Bain’s private equity business to the impact fund last year, told ImpactAlpha. Valdmanis says the Double Impact team has spent significant time analyzing the potential of the sustainable food sector, “in order to be [at the forefront] of what we believe will be an impactful trend.

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