The SEC has proposed the abolition of ‘preferential transparency’ enshrined in side letters, which are often a vehicle for ESG requests.
The commission has proposed a rule restricting side letters that grant certain LPs ‘preferential information and rights’. But for LACERA, side letters are ‘a crucial means for market innovation’.
Many sovereign wealth funds that had previously been resistant have 'come on board', wrote the authors of Invesco's 2022 Global Sovereign Asset Management Study.
LPs would sooner work with managers on diversity, equity and inclusion issues than show them the door.
LPs are starting to flex muscles regarding PE managers' commitment to diversity.
40% of institutional investors intend to introduce specific allocations to SDG-aligned investments within the next two years.
USV 2022 Climate is targeting $200m for climate change mitigation and adaptation.
Investors in the Impact 30’s funds include greater proportions of North American and African LPs and corporates than last year’s inaugural Impact 20, New Private Markets’ research finds.
Our subscribers can download an Excel spreadsheet with details of the LPs behind the funds in our Impact 30 ranking.
Success for emerging and diverse manager programmes involves more than just writing cheques, writes Meketa Investment Group managing principal Judy Chambers.