ESG

Subscription credit facilities linked to ESG have piqued the interest of many GPs in the past year. Could these lines be right for you?

Given ESG-linked facilities are generating ‘a huge amount of interest’, we discuss whether they are the best way to incentivise change.

Pardee formed Mercury along with partners Michael Ricciardi, Mercury’s chief executive, and Enrique Cuan-Ruiz in 2009 after spinning out of Merrill Lynch’s private fund placement group in 2009.

With LPs’ focus on ESG showing no signs of abating, GPs’ approaches to the issue look set to play an increasingly important role in manager selection.

The 'vast majority' of Apollo's 1,500 LPs were satisfied with the firm's recent leadership and governance changes, Marc Rowan said on the firm's Q4 earnings call Wednesday.

The listed manager has secured a £550m credit line which is linked to reduce scope 1 and 2 carbon emissions across its operations by 80% by 2030.

Firms foresee permanent change to their operating models as a result of the pandemic, and their focus has shifted from employee productivity to diversity and inclusion initiatives.

Bulge-bracket private equity firms are using a variety of strategies to attract diverse talent and promote a more inclusive workforce both within and outside of their firms.

Feel-good corporate slogans and good intentions are no longer cutting it when it comes to diversity and inclusion in the world of private equity. LPs are pressuring GPs to effect change.