Toby Mitchenall
Private capital has started flowing towards climate finance but is unevenly spread across strategies and sectors, leaving a growth equity 'missing middle', finds a research report by CREO.
What do LPs want to see from a GP offering an impact fund?
'With a larger share of their wallet in cash or public equity that trades at all-time highs, they have ample liquidity to commit to private equity', says co-founder and CEO Jacqueline van den Ende.
When it comes to implementing ESG principles, momentum has been lost among North American investors, according to a survey by placement agent Capstone Partners.
The investors have joined existing backers in a $69m funding round for Neustark.
The co-founder of Partners Group on what success looks like for Blue Earth Capital, the impact investment firm he co-founded in 2015.
Michael Bruun, private equity co-head at Goldman Sachs Asset Management, believes spreading ownership among portflio company workforces is a trend that 'will stay with us independent of where the cycle sits'.
From a financial performance standpoint, early impact funds from Bain Capital, KKR and TPG are shaping up well; but there is still much to prove.
Contained within its annual 'Making the Mark' report, BlueMark's leaderboard spotlights investors who score highly across all aspects of impact management.
With private equity impact funds launched by TPG, Bain Capital and KKR now maturing, a picture of generalist private equity impact returns is starting to emerge.