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Wild flower meadow
Asset manager Gresham House has launched a $380m fund that will create habitat banks that generate biodiversity net gain units, which will be sold to real estate developers.
The biodiversity strategy is the first of three sector-specific funds the firm is introducing alongside its diversified sustainable infrastructure strategy, according to sustainable infrastructure managing director Peter Bachmann.
While biodiversity is important, overstretched ESG teams at private equity firms need to be allowed to focus on portfolio-level decarbonisation work.
The Nature Conservancy’s Michael Wironen says the pair contemplate ‘there will be an interest and need in attracting capital’ as the regenerative ag and habitat conservation partnership develops.
While Alcentra does not have the same rights as equity investors, the credit manager still finds ways to encourage portfolio companies to improve their ESG disclosures, according to head of ESG Vai Patel.
The real estate manager will this year work to 'more systematically assess risk and opportunities connected with nature', says Helen Gurfel, head of sustainability and innovation.
Adinah Shackleton, Permira
Among other initiatives this year, Permira is working with external academics to take a portfolio-wide approach to biodiversity risks, says Adinah Shackleton.
Tawny owl, scientific name: Strix aluco. Close up of an adult owl perched on a fence in a summer meadow filled with colourful yellow buttercups and grasses.
Two major developments over the past year have significantly raised the stakes when it comes to how infrastructure managers consider their biodiversity impacts.
'Carbon reduction and net zero is in no way under control. It's not time to turn our attention to biodiversity or elsewhere just yet,' says Pamela Thomas, US real estate managing director at CPP.
PAI Partners presents a guide to help firms act on biodiversity at its sustainability summit, as the asset class takes shape.

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