The winners of the limited partner categories in the New Private Markets Awards 2023 are as follows:

Limited Partner of the Year (Climate): Temasek

The giant Singaporean investor has adopted the role of catalyst in climate investing through a number of initiatives, including a joint venture with BlackRock – Decarbonization Partners – which is gathering pace, and its investment in LeapFrog Investments, which launched its emerging markets climate fund with a $100 million Temasek commitment. It was also one of the two largest investors in the first close for Brookfield’s inaugural transition fund (the other was Ontario Teachers’ Pension Plan) and sits on the fund’s sustainability advisory council.

  • Runner up: HarbourVest Partners

Limited Partner of the Year (Impact investing): Blue Earth Capital

Switzerland-headquartered firm Blue Earth Capital is an unusual beast among impact fund managers, with strategies spanning direct private equity, LP commitments, secondaries and co-investments, and operating across private equity and private debt. In 2023 the firm made commitments to Indian impact fund Lok Capital IV and African Infrastructure Investment Managers’ Fund IV, and backed a two-asset continuation fund by VC manager RockPort Capital Partners. It was also named by impact verification firm BlueMark as one of only 11 organisations on its “practice leaderboard”.

  • Runner up: Temasek

Limited Partner of the Year (ESG): APG Asset Management

Consistently cited as a sustainability thought leader, the Dutch pension fund manager undertook a number of interesting collaborations in 2023. These include a €250 million commitment to Dutch affordable housing and social real estate; acquiring Australian sustainable forestry operator Forico alongside two other pension investors; and seeding a $1 billion African private credit initiative in partnership with the African Development Bank.

  • Runner up: CPP Investments