Our team

The Capital Institute is a non-partisan, transdisciplinary collaborative launched in 2010 by former JPMorgan Managing Director John Fullerton.

John Fullerton


John Fullerton is an unconventional economist, impact investor, writer, and some have said philosopher. Building on and integrating the work of many, he is the architect of Regenerative Economics, first conceived in his 2015 booklet, “Regenerative Capitalism: How Universal Patterns and Principles Will Shape the New Economy.”

After a successful 20-year career on Wall Street where he was a Managing Director of what he calls “the old JPMorgan,” John listened to a persistent inner voice and walked away in 2001 with no plan but many questions. A few months later he experienced 9-11 first hand. The questions crystalized into his life’s work with the creation of the Capital Institute in 2010 where his work reflects the rising evolutionary shift in consciousness from Modern Age thinking to Integral Age thinking. Capital Institute is dedicated to the…

…the bold reimagination of economics and finance in service to life. Guided by the universal patterns and principles that describe how all healthy living systems that sustain themselves in the real world actually work, the promise of Regenerative Economics and Finance is to unlock the profound and presently unseen potential that is the source of our future prosperity and the reason for hope in our troubled times.

During his Wall Street career, John managed numerous capital markets and derivatives businesses around the globe and was JPMorgan’s Oversight Committee Representative that managed the rescue of Long Term Capital Management in 1998, and finally was Chief Investment Officer for Lab Morgan before retiring from the firm. A committed impact investor, John is the co-founder and Chairman of New Day Enterprises, PBC, the co-founder of Grasslands, LLC, and a board member of First Crop, and the Savory Institute. He is an advisor to numerous sustainability initiatives, and is a member of the Club of Rome. John speaks internationally to public audiences and universities, and writes a monthly blog, The Future of Finance. His book on Regenerative Economics is due out by the end of 2021.

Claudine Holmes

Administrative Support at Capital Institute

Claudine Holmes is in charge of Administrative Support at Capital Institute. She started her career at Greenwich Capital Markets where her responsibilities included project management and executive support including white glove travel services and large event planning.

She managed the company’s charitable giving focusing on educating underprivileged youth and then helped the firm establish Greenwich Capital Foundation, a charity created in response to the tragic events of September 11. Claudine holds bachelor’s and master’s degrees from Fairfield University and a master’s certificate in Applied Project Management from Villanova University.

She is very passionate about educating our youth and living sustainably. Claudine can be reached at [email protected]

Ernesto van Peborgh

Director of Capital Lab

Ernesto is leading the incubation of Capital Institute’s Regenerative Capital Advisors, whose mission is to change the way investors think, in alignment with the regenerative paradigm.

He is the founder of El Viaje de Odiseo, through which he creates new systems of organization and knowledge commons. He applies the technology of social media to catalyze cultural changes and new ways of cognitive emergence. He is also Co-funder of Rehumans, a co-creative innovation lab, that delivers capacity building programs and conducts action research worldwide in order to support and scale profound societal innovation.

His last book, “Homohacker”, describes how the human system, challenged by an increase of complexity, is reconstituted by an exponential increase interconnectivity and begins to decentralize towards new organizational “commons” systems.

Before becoming a Regenerative Human, Ernesto was vice president of Citicorp Equity Investments and the founder and director of the fund AVP-AIG Southern Cone Fund investments.

Strategic Operating partner

Through a living systems approach, nRhythm is on a mission to transform how we show up in the workplace and to inspire systems design that brings solutions to life. nRhythm serves as the strategic operating partner of Capital Institute.


Susan Arterian Chang


Susan created and directed Capital Institute’s storytelling initiative, the Field Guide to Investing in Regenerative Economy, and is currently director of Hudson River Flows, a collaborative of writers, thinkers, practitioners, and network entrepreneurs writing a new narrative in support of a truly regenerative economic redevelopment of New York’s Hudson River Valley bioregion.


Susan has worked in the world of both global capital markets and local economies as a financial writer, currency analyst, and publisher of a community newspaper. In 2019 she purchased a 55-acre farm in Columbia County, New York, where she will oversee the restoration of her acreage’s soil health and biodiversity. She can be reached at [email protected].

Dr. Stuart Cowan

Systems Convener, Regenerative Communities Network

Stuart is the Founding Convener for the global Regenerative Communities Network, which is supporting 14 bioregional initiatives on 4 continents on their journeys of place-sourced regeneration. 

Stuart is Co-Founder of Autopoiesis LLC, which applies complex living systems models  to regenerate communities, ecosystems, and organizations. He also served as a founding team member with Portland Family of Funds, an innovative sustainable community investment fund that has closed $3 billion in transactions. While at Ecotrust, he led the development of the Reliable Prosperity framework for a regenerative bioregion, which provides a fractal integration of patterns of natural, social, and economic capital. He is the co-author with Sim Van der Ryn of Ecological Design (Island Press, 2007), addressing the whole systems integration of ecology and architecture, land-use planning, and product design.

He received his doctorate in Applied Mathematics from U.C. Berkeley with a focus on complex living systems and ecological economics. He has taught, presented, and facilitated internationally for universities, cities, companies, and state and federal agencies. He can be reached at [email protected].