Toby Mitchenall

In today's letter: Going deep on KKR's approach to employee ownership; The US vs RoW ESG divide, courtesy of Aberdeen Standard; Deliveroo's disappointing debut; UBS's new ESG head.

CalSTRS’ ‘long debate’ with ESG laggards The $283.4 billion California State Teachers’ Retirement System is by all accounts a progressive pension when it comes to sustainability. This month it agreed to invest $150 million per year in sustainable private equity co-investments to focus on “low carbon solutions” to the climate crisis (details here). It’s significant, […]

New Private Markets talks to Pete Stavros, partner and co-head of Americas private equity at KKR, about the firm’s approach to giving employees equity in their companies, and how it could catch on.

Editors from across the PEI stable jump on Zoom to swap thoughts on a growing trend in private markets: linking the cost of fund-level credit facilities to ESG performance.

The shift to sustainability in private markets deserves its own dedicated information source.

KKR’s industrials team routinely gives equity to a portfolio company’s entire workforce. Is this the future of private equity investment?

Sophisticated LPs have been aligning themselves with sector-specialist GPs in recent years, and this pair's $500m partnership is a milestone deal.

The technology and expertise exist to communicate non-financial KPIs to LPs with regularity, but don’t expect it to happen any time soon.

Investors, especially pension schemes with young beneficiaries, are starting to ask more of their managers when it comes to climate strategy.

The group, which includes some of the world's largest private equity and infrastructure firms, pledges to share knowledge on climate-related risks and 'improve the resilience' of long-term investment portfolios.