Pension fund Clwyd already has a 4% target allocation to private markets impact investment; it is now prioritising impact with the rest of its private markets portfolio.
The new diversity head at CalPERS will be involved in manager selection and monitoring.
Swedish private equity firm EQT appoints Bahare Haghshenas to its extended executive committee as global head of sustainable transformation and Sophie Walker as private capital head of sustainability – both newly created roles – doubling its sustainability team from two to four members.
The newly established Sustainable Investment Group has raised more than $800m to invest in a market segment where valuations 'are a lot more forgiving' than other parts of private markets, says partner Ken Pontarelli.
How the research and analytics team calculates the Impact 20.
A dedicated impact fund could inhibit Advent’s efforts to prioritise sustainability across its entire portfolio, says James Brocklebank, a managing partner at Advent International.
Investors are looking for other sustainable infrastructure opportunities such as energy efficiency and distributor generation, Ronak Patel, partner at placement agent Campbell Lutyens, told Infrastructure Investor’s Global Investor Offsite conference this week.
Nearly a third of LPs sent a formal ESG questionnaire in due diligence for GI Partners’ $3.9bn sixth private equity fund, David Smolen, MD and ESG chair at GI Partners, told New Private Markets.
If mid-market firms are doing nothing on diversity, they are not alone... but they are in the minority.
The firm raised $1.3bn for its 2018-vintage KKR Global Impact Fund, of which $300m was committed by New York State Common Retirement Fund.