Jennifer Banzaca

A lawsuit claiming racial discrimination for investment programmes for underrepresented entrepreneurs could dissuade would-be investors from funds with racial mandates.

The accounting firm also named a new exit readiness leader as it continues its $1bn PE expansion.

With the SEC’s proposed rules requiring funds to back up their ESG claims, firms are turning to compliance and training to avoid enforcement crosshairs.

More issues are falling under the ESG umbrella and firms need to develop better programmes to mitigate the risks and avoid potential issues, experts say.