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The legal and fund services business joins competitors like Apex, IQ-EQ and SS&C with new ESG assessment tool.
The litigation finance specialist will link loans' margin ratchets to law firms taking pro bono work, working on ESG cases and excluding ESG-adverse cases.
The newly-formed alliance commits members to report at least annually on progress against targets.
Kirkland & Ellis has hired its fourth ESG specialist partner this year amid rising demand for ESG legal expertise from private markets clients.
PEI Media, the publisher of New Private Markets, has acquired Response Global Media amid the 'big bang' moment of ESG and sustainable investment.
The deal comes as the firm is building out its ESG credentials.
Financial PR firm Prosek has invested in Blue Dot Capital, allowing the fledgling ESG consultant to expand its team and services.
At the 20 largest private credit firms, fewer than 4% of investment or distribution professionals identify as either Black or Latinx, says executive search firm Jensen Partners.