fund economics

The firm had hoped to close the fund last year but had to wait for EIF to finalise its comment, fund director Daan van Kassel tells New Private Markets.

A majority of both investors and managers believe ESG costs should be included in the management fee, according to a report from Bfinance.

A funds lawyer tells New Private Markets how a client changed its impact-linked performance incentives after LP concerns.

Co-founder Til Klein describes Identity.vc as 'Europe’s first venture capital fund investing in early-stage LGBTQ+ led start-ups in Europe and beyond'.

Standardisation of impact data and better availability of benchmarking tools will encourge more adoption, says Russell Investments' Samantha Steele.

The firm has done its first adaptation deal and expects to do more, according to general partner David Frykman.

The firm is raising $500m for the fund, which has both an impact hurdle and a financial hurdle.

Linking a portion of carried interest to impact performance is becoming more common, with private equity firms like Apollo, Apax and EQT implementing such a mechanism. LPs are split on the idea.

EQT, L Catterton and Just Climate also have impact-linked GP incentives for their impact funds.

The giant New York pension plan is not of fan of funds with a portion of their carried interest linked to impact, its sustainable investment chief Andrew Siwo told a lively debate on impact at PEI Group's NEXUS 2024 event.