Carmela Mendoza
The PE heavyweight’s GP platform, which aims to back the next-generation of diverse managers, will provide both seed capital and working capital of more than a year to its GPs.
More than half of UK and continental investment teams were all-white last year and 12% featured no women, according to analysis by the two organisations.
The fresh capital from Temasek will be used to anchor LeapFrog Investment’s future funds focused on Asia and Africa.
Executives at the alternatives giant discussed the firm's impact strategy at PEI's Responsible Investment Forum last week.
The firm's Global Transition Fund will invest in assets that will move the economy towards net-zero, including renewables, industrial businesses and infrastructure.
Climate initiatives by GPs tend to be about sharing good practice rather than systemic assessments across the portfolios, says Stephen Barrie, the pension's deputy director of ethics and engagement.
It is only when GPs play their part in climate change solutions that LPs can make their portfolios resilient and operational in the long-term, say panellists at PEI’s Responsible Investment Forum.
Kara Helander and Anna Edwin discuss how they are building diversity, equity and inclusion within their firms, and how the racial justice movement and pandemic have generated momentum for sustained action.
Investors cannot afford to ignore a GP set that has largely outperformed industry benchmarks, even during a pandemic.
GPs should drive the creation of consistent and comparable data disclosures and common standards in ESG, executives from Carlyle Group and Macquarie say.
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