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The infrastructure manager has secured a $1.2bn credit facility for its latest energy fund that incorporates a 'use of proceeds' format and a margin ratchet.

The private debt manager will provide quarterly reporting to investors on the carbon footprints of the portfolio as a whole and on a name-by-name basis, it has said.

VC firm has hired its first ESG and sustainability director, Soline Kauffmann-Tourkestansky, to support portfolio company founders to implement carbon footprinting and other ESG KPIs.

The asset management giant was originally targeting $400m for its first private equity impact fund.

The impact firm, an offshoot of LGT, is investing in Selina, a loan provider that offers a flexible alternative to high street bank loans.

Harvard Management Company has a $18bn allocation to private equity – including venture capital – and has brought ESG into its recently redrawn risk tolerance levels in recent years.

The CalPERS-Carlyle-led effort to standardize ESG data reporting now counts $8.7trn of managed assets represented by its participants.

The Task Force on Inequality-related Financial Disclosures is being designed as a tool for ‘systemic risk management’.

‘We are constantly being asked for impact funds in emerging markets, but it’s very difficult to grow that from scratch’, says Will Nicoll, CIO of M&G’s private and alternative assets strategy.

With ESG performance being linked to the cost of debt, the attainment of carry and personal remuneration plans, how do you set robust KPIs and targets? George Weavil and Carys Clipper, lawyers from Travers Smith, give their opinion.