Toby Mitchenall
PRI will publish a discussion paper on ESG in venture capital and is gathering case studies to launch in the first quarter of 2022.
The weight of the institutions involved and the clarity of the approach suggest that the ESG Data Convergence Project could herald the standardisation of ESG data in private equity.
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.