Fund Management
Dave Ladouceur
Founder & Chief Executive
Sets strategy across the Trust and all three lanes and holds the “Life before Profits” mandate. Architect of RDC, PRT, VLAS, Life AI, and Zoen.
LinkedIn →Most funds treat governance as a disclosure — a PDF you sign and forget. The rules aren't wrapped around the money: they're inside the math, the contract, and the windows. Value is recognized, never assumed.
The Team
The team behind the Trust.
The Trust and the three lanes are operated by a hands-on team spanning over 150 years of experience building and developing places, communities, five-capital outcomes, technology and innovative finance.
Fund Management
Bill Reed
Managing Partner, The Place Fund · Principal, Regenesis Group
Leads the regenerative development committee, co-chairs regenerative process development, and oversees development and stewardship projects’ onramp and integrative design process.
LinkedIn →
Fund Management
Ian Netherton CPA, ABV, CGMA
Chief Financial Officer & Managing Director, PRT Capital Management PBC
Oversees PRT Capital Management PBC, leads the investment and audit committees, and sets accounting standards across all three lanes. Steps in for SPV formation, M&A, and company negotiations.
LinkedIn →
Fund Management
Eric Amyot
Managing Partner, Business Development
Two decades operating in agriculture and regenerative enterprise, and a regular voice at SXSW, Climate Week NYC, EarthX and Indoor AgCon. Carries the Trust’s story into the regenerative economy and builds the investor and project relationships that follow.
LinkedIn →
Senior Advisor
Per Espen Stoknes, PhD
Behavioral Science & Systems Economics
Serves on the regenerative development committees and leads EU operations. Founder of RF4 — Regenerative Food, Forest and Finance — which will serve as a deal-flow conduit and operations base in the EU.
Website →
Senior Advisor
Peter McCrea
President, American Impact Capital
Brings the institutional philanthropic capital network — donor-advised funds, family offices, and mission-aligned foundations — directly to the PRT’s investor channel.
LinkedIn →
Lane A · Real Estate
Andrew J. Pollard
Director, The Place Fund
Sources, stewards, designs and consults on regenerative real estate and land-acquisition projects, serves as Country Director for Costa Rica.
LinkedIn →
Lane C · Building Products
Amber Autumn
Founder & Director, Building Systems
Leads materials and structural-systems R&D across the full building lifecycle and serves on the regenerative development committees, bridging the built environment with the PRT’s capital-stack strategy.
LinkedIn →Independent members of the Investment Committee and the Regenerative Governance Board are being appointed and are targeted to be seated before first close. Bill Reed and Per Espen Stoknes are not independent members.
FX-8 · where the gates kick in
Nothing moves until the gate before it signs.
Three human-in-the-loop gates (VLAS v1.0), eligibility floors at land entry, and a liquidity gate at exit. Each is a hard stop — no recognition, no valuation, no distribution until it clears.
Pre-investment
Eligibility floors · Land Entry
FPIC documented · minimum stewardship (S_min) · minimum permanence (P_min) · maximum uncertainty (U_max). Below these floors, no credit is ever recognized from this place.
In the field
Field measurement — sensor streams, field plots, lab results, community surveys.
Post-measurement
Gate 1 · Verification
An independent Verifier confirms the data conform to the AdapterSpec and signs the IndicatorPackage + FPIC status. Any failure is quarantined and cannot proceed.
In the math
Calculation — Integrity Delta routed across the Five Capitals; permanence, stewardship & uncertainty coefficients applied.
Pre-recognition
Gate 2 · Issuance / Recognition
A signed CalcProof is approved — correct ruleset, no tampering — before any credit is recognized in the registry. Only signed proofs reach the books.
In the registry
Lot formation — buffer-pool reserve + uncertainty holdback (HELD_U → released on verification).
At recognition
The Covenant · community earns first
The community benefit share is netted at recognition — before any investor logic — via the router contract. Gains hold where they are grown.
Pre-valuation
Gate 3 · INAV sign-off
Impact-NAV is computed from circulating, verified quantities and signed before it is published. NAV counts only contracted and verified value; pricing ≤ appraisal.
Post-investment
Liquidity gate · redemption
Redemptions run through semi-annual windows — gated, FIFO-queued, swing-priced, with a lock-up — so no one redeems against an inflated mark.
Gates 1–3 per VLAS v1.0 (three canonical human-in-the-loop gates); eligibility floors and liquidity gating per the PPM. Illustrative — the PPM governs. No figures shown publicly.
Compliance · risk · audit
Discipline you can audit.
01
The dual gate
Built on established standards — INREV + IPEV/IFRS for financial valuation, independent VVB / ISO verification for natural systems. PRT recognizes nothing until both gates clear. Both, or it doesn’t move.
02
The Covenant — community earns first
Every recognition feeds the community benefit fund first, netted at recognition — before any investor logic — via the router contract. Waterfall: stewardship → verification/insurance → split. Gains hold where they’re grown.
03
Gated investment policies
Capital advances gate by gate — readiness → finance → natural-systems → recognition — each with its own policy threshold. All thresholds illustrative.
04
Auditability & traceability
VLAS gives every recognized asset a provenance trail to ground-truth on the registry — the anti-spoofing, anti-greenwashing layer. If it can’t be traced, it isn’t recognized.
05
Risk discipline
NAV counts only contracted and verified value. Two lenses, pricing ≤ appraisal, so no one redeems against an inflated mark. Liquidity is windowed, gated, FIFO-queued, swing-priced, with a lock-up. Illustrative; the PPM governs.
06
Oversight
Fiduciary PBC Manager + Investor Advisory Committee + Conflicts Committee / independent directors (auditor · appraiser · oracle rotation), quarterly reporting, written allocation policy, and removal rights.
Stewardship before solicitation. PRT sets the standard. It doesn't supplicate to one.
The close
Rules, at their best, are not constraints. They are the banks of the river — what lets the water move with force and stay in its course. Good governance is how a place keeps its promises across generations.
This material is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Nothing herein is investment, legal, or tax advice. Forward-looking statements are inherently uncertain. An offer is made only by the PPM.