corporate finance

The Pension Insurance Corporation, which has 16% of its NAV invested in private credit, is seeing ESG elements creeping into loan terms, but a tweak to insurance regulation would make smooth the way for more.

CalPERS is an influential LP with a $9.2bn allocation to private debt and often writes cheques above the $1bn mark.

Private debt and ESG don’t have a long history together, but there are signs of much-needed progress being made.

The coupon changes depending on the borrower's performance on water use, material waste and carbon emissions.

There is a 'brown discount' that needs to be applied to real estate assets that are not on the right path to net zero, says Schroders Capital's global head of real estate.

Notes from a call with Kirsten Bode, co-head of European private debt at Muzinich & Co, on ESG margin ratchets, SFDR and ESG exclusion lists.

The manager is on the hunt for borrowers with ESG-related business plans.

The manager has announced first two such loans, and will offer pricing benefits to borrowers who achieve targets.

Ares’ co-founder and chief executive, Michael Arougheti, shed light on the firm’s approach to ESG in its Q2 financial results call.

The borrower provides water infrastructure and services for the oil and gas industry and operates in the Midland and Delaware Basins in Texas.