Investors

Investor group ILPA will advise Ownership Works as it helps investors develop shared ownership structures at portfolio companies.

A new nonprofit organisation, Ownership Works, is backed by 60+ partners, including several global private equity firms and US pension funds.

Nuveen will invest the Global Impact Fund – which closed below target earlier this year – and TIAA capital in climate resilience for developing markets, New Private Markets understands.

The Clean Growth Fund has closed at £101m with investments from the Merseyside, South Yorkshire and Strathclyde pension funds.

Temasek subsidiary Azalea has launched an ESG fund of funds to back ‘managers committed to investing purposefully to create lasting positive environmental and social impact’.

Itochu and Tokyo Century join the Japan Bank for International Cooperation as investors in Hy24 Partners, a joint venture between Ardian and FiveT Hydrogen.

The foundation is an adviser to Future Planet Capital’s ocean biodiversity VC fund and may become an LP, the fund manager tells New Private Markets.

The parent company of Sumitomo Mitsui Trust Bank, a gatekeeper for Japanese pension funds, is transforming its purpose to ‘balanced creation of both social value and economic value’.

The £32 billion pension has raised its ESG data hurdle for managers as it struggles to aggregate managers’ data and obtain DEI data, head of ESG Claire Curtin says at the Infrastructure Investor Global Summit in Berlin.

Republicans in four US states have pushed back against trend, with one claiming ESG scores threaten to 'usurp the legislative process'.