Rod James
Pamplona Capital Management is in largely uncharted waters as it untangles itself from LetterOne, an investment firm linked to sanctioned Russian oligarch Mikhail Fridman.
The Minneapolis-headquartered firm is investing the $220m Clean Growth V, which counts Oklahoma Police Pension and Retirement System among its investors.
Mary Hunt will advise on diversity, equity and inclusion in the Chicago manager's portfolio and manage a new fund focused on the area.
The fund makes primary, secondaries and direct co-investments in funds and businesses 'with a clear focus on environmental impact'.
'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.
The appointment of Myriam Vander Elst follows that of an ex-Wells Fargo subscription finance executive in May.
Secondaries buyers should look for a chance to engage with GPs on ESG before deciding not to invest, says LGT Capital Partners' ESG committee chairman.
The investment manager closed its latest fund last September on $220m.