Michael Bowen
The climate-transition focused investment firm hires Monika Dangova to oversee its environmental and social impact initiatives.
The investment management firm has €710m, including debt, to buy logistics properties in Western Europe and refurbish them to operate with net zero emissions.
In this episode of The New Private Markets Podcast, Kenza Himmi, head of impact investing and partnerships at the United Nations Joint Staff Pension Fund, tells us what she likes to hear from fund managers at pitch meetings.
Jonathan Hirschtritt, managing director of sustainability and impact investing at the Chicago-based asset management firm, says impact investors are opting for customised accounts in a move away from commingled funds.
The ESG data-sharing initiative has also launched a pilot programme for GPs to track the commercial impact of sustainability measures at portfolio companies.
GPs in Europe believe sustainability activity leads to EBITDA growth of around 6.6% for the average portfolio company, while North American GPs give a slightly more modest estimate.
The new partnership sees California's second-largest public pension plan look to make climate investments outside of its direct investment programme.
The New York State public pension fund closed its first investment with real estate developer Related Companies in July.
The board of the Californian public pension plan is scheduled to vote on the measure on 16 October.
The New York-based investment firm counts on more than 75 LPs to raise $1.36bn for EIP Flagship Fund III.