A handful of firms – including Carlyle, EQT, Eurazeo, Cinven and ICG – have been self-imposing financial incentives for improved sustainability performance. Astorg’s facility is among the largest.
Cultural change, patience and ambition are needed for private equity firms to move ahead in tracking portfolio-level gender diversity.
Abrielle Rosenthal, chief sustainability officer and managing director at TowerBrook, was speaking on the sidelines of the Impact Investor Global Summit.
Wollemi Capital will use the money raised to make investments in companies, as well as build up its operations, according to founders Tim Bishop and Paul Hunyor.
The firm announced its ambitions during the US-UK Climate Finance Mobilisation Forum.
Political potshots in the US are prompting investors to revisit the arguments for sustainability.
Chee-Wei Wong, who has overseen the firm's first seven Asian impact investments, is returning to New York from Singapore.
An anti-ESG backlash in some US states has created challenges for private markets managers but there are few signs of ESG moving down the priority list elsewhere.
Investors are thinking about moving beyond risk management towards 'nature positive' practices, said Actis's Shami Nissan in a video interview on the sidelines of the Impact Investor Global Summit.
The facility is comparable to the one sourced for the firm's European PE funds, and will be tied to three ESG KPIs.