Toby Mitchenall
The asset manager has staked 50% of the carried interest from its €300m debut private equity fund on achieving impact goals.
The firm just closed its second 'long-term equity' investment, pumping $600m into Octopus Energy.
In the upper echelons of Spanish private equity and venture capital, just 14% of investment executives are female.
'Green solutions', sustainable agriculture and financial inclusion are the target areas for its first impact fund offering.
The envionment-focused firm has hired six people across various functions.
Could this be the next frontier in tying ESG targets to financial incentives in private funds?
Frustration or bemusement aside, the pioneers of the impact scene should not be put out by the new arrivals.
Are new-fangled margin ratchets the best way to motivate good ESG behaviour among issuers? Some panellists at Private Debt Investor's Virtual Forum 2021 had their doubts.
The newly-formed alliance commits members to report at least annually on progress against targets.
NSSK, a Japanese private equity firm, will target an increased rate of financial return for its second generation of impact funds, its CEO told conference delegates.