Where do private capital firms find senior sustainabilty recruits? And once they have found them, where should they put them?
The European firm looks set to join its large buyout peers in establishing a fund line that will seek both financial returns and a positive societal or environmental impact.
calstrs crhis ailman
CalSTRSโ€™ โ€˜long debateโ€™ with ESG laggards The $283.4 billion California State Teachersโ€™ Retirement System is by all accounts a progressive pension when it comes to sustainability. This month it agreed to invest $150 million per year in sustainable private equity co-investments to focus on โ€œlow carbon solutionsโ€ to the climate crisis (details here). Itโ€™s significant, [โ€ฆ]
Firms are recruiting for responsible investment roles and looking for individuals with skillsets ranging from investor relations to ESG integration.
Yett, a 23-year Hamilton Lane veteran, is in the perfect position to help formally initiate the firmโ€™s integration of ESG.
Eric Duchon joined the mega-manager this week to oversee efforts to reduce carbon emissions and improve diversity in the firm and its portfolio companies.
'Many millennia of bias' make it vital that PE firms actively promote candidates from underrepresented groups, said Nic Humphries.
Negative headlines are causing some LPs to review their relationships with Vista Equity Partners and Apollo Global Management. This has implications for the secondaries market.
Women make up about one in four of senior investment professionals at Neuberger Berman, which employs 'concrete measures' on recruitment and retention.
Managing director Paul Yett has been named as Hamilton Laneโ€™s new director of ESG and sustainability.
npm
npm

Copyright PEI Media

Not for publication, email or dissemination