A trickle of fund managers choosing to link carried interest to their impact and ESG targets is good news for private markets, showing the industry is serious about its sustainability goals.
On Thursday, a policy with wide-reaching implications for the private equity industry moves from the Ways and Means Committee to the floor of the House of Representatives.
Less than half of LPAs require co-investments to be on ‘substantially similar’ terms as the fund investment, according to asset management consultancy MJ Hudson.
Ambitious firm and industry-wide changes are needed to address the scale of the diversity and inclusion challenge, say Aberdeen Standard Investments’ Karen Hill, Karin Hyland and Shelley Morrison.