Snehal Shah
CalPERS is an influential LP with a $9.2bn allocation to private debt and often writes cheques above the $1bn mark.
Fund managers cannot keep up with bespoke LP data demands and industry standardisation initiatives. Both LPs and GPs need to be ready to listen and compromise.
All portfolio companies will need to establish an ESG policy, an ESG committee and have a woman on the board during Permira’s ownership.
The ESG data tug-of-war between LPs and GPs is not yet resolved, despite the numerous frameworks and initiatives to standardise ESG data collection in private equity.
Women are leaving private equity roles much more frequently than men. Why?
Large asset owners are invested across the whole economy, which can cause double-counting of supply chain emissions, says a senior executive.
The ESG Data Convergence Initiative and other efforts to standardise ESG metrics in private equity neglect materiality, say panellists at PEI Group’s Responsible Investment Forum.
Novata, an ESG data software company for investment managers, is the latest to receive private equity backing – following the likes of Blackstone, CVC and KKR.
Champions of responsible investment are worried about the ESG backlash from several US pension funds and state governors; they must take the debate to the detractors’ camp.
New York State Common Retirement Fund’s $20bn impact strategy must have the same the risk/return traits as any other investment, says Andrew Siwo.
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