ESG

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.

Funds that champion women-led businesses and gender-balanced deal teams are among the innovations as well as a mentorship scheme.

From Carlyle Group's ESG-linked leverage debt deals, to Partners Group's covid-19 hardship fund, to Coller Capital's climate modelling for secondaries, we showcase how private equity is proving it can innovate in responsible investing.

Climate change is taking centre stage as funds move to measure emissions and integrate changes so they are maintained post-exit.

Leading by example and setting out a clear set of principles for portfolio companies and the GP itself are important.