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ESG

Profile: Bart Elema, Waterland Private Equity

The partner, CFO & risk officer discusses how his role and responsibilities have evolved over nearly two decades, why Waterland domiciles its funds in the Netherlands, as well as securing the firm's first ESG equity bridge facility

Navigating new rules

Ropes & Gray partner, Eve Ellis, takes a look back at private equity fund regulations throughout 2021, and looks ahead to what's in store for 2022 and beyond

Invest Europe developing ESG reporting standards

The new standards are expected to be developed and established by summer 2022

PE vs ESG

The mindset required to genuinely achieve ESG aims inherently conflicts with the numerical and return-driven mindset needed to deliver private equity success. How can these mindsets converge to achieve both?

Operational forecast for 2022

We take a look at Alpha FMC’s predictions for PE operations this year, as well as individual forecasts for CFOs, COOs, CTOs, CDOs and heads of compliance

LP/GP power balance set to shift

Intertrust has identified the key technology trends which will impact private equity in 2022

Comment: The year ESG went mainstream

Sofiya Bumagin, managing associate at Linklaters discusses how ESG is fast becoming a PE megatrend, and the challenges yet to be overcome

High profile collection

Selection of The Drawdown’s favourite profiles with key operational professionals in 2021

Deep dive collection

Selection of The Drawdown’s extended analysis features from 2021

5 minutes with… Novata

CEO Alex Friedman: “Ultimately, you can develop the world’s best product, but if people don’t find it easy to use, it won’t serve society very well. A simple, intuitive user interface is a big focus for us.”

European LPs: anti-greenwashing regulation won’t work

Only 44% of European LPs are optimistic about anti-greenwashing regulation making it easier to distinguish true environment-related claims from greenwashing, according to Coller Capital

Triton secures €1.455bn ESG-linked fund facility

New facility is earmarked for speeding up ESG efforts in Triton V, a €5.2bn fund closed in 2018

Majority of managers say greenwashing is a problem

Most managers support the FCA’s adoption of the TCFD reporting framework

Aztec and Worldfavor launch ESG & sustainability alliance

The alliance aims to enable private market managers with a better understanding of the impact of their own business operations and their portfolios in relation to ESG factors

Compliance calendar

Need to know dates for your diary as UK rules diverge post-Brexit, as well as upcoming key European regulations

EU delays SFDR, again

The European Commission has delayed application by a further six months to 1 January 2023

Golding appoints ESG director

Christian Schütz will lead the implementation of the firm's sustainability goals both internally as well as its investments

Profile: Richard Burrett, Earth Capital

The chief sustainability officer discusses the firm's proprietary tool, Earth Dividend, challenges around certifying as a Guernsey Green Fund as well as what he thinks of the FCA's proposed climate-related disclosures

5 minutes with… Stephen Millard, Included VC

“If organisations do not have high permission, high trust or are not open and conscious to allowing their employees to be their true selves, nothing will change.”

DLA Piper launches end-to-end funds practice

The division aims to provide a one-stop shop for asset managers, investment fund sponsors and investors across all industry sectors, geographies, asset classes and investment strategies

LPs: PE needs stricter oversight and regulation

According to Edelman, 74% of LPs believe there needs to be stricter oversight and regulation of PE

SBTi publishes guidance to combat climate change

The guidance aims to define and promote best practice in science-based setting, in order for PE firms to align their portfolios and operations to well below 2°C and 1.5°C climate scenarios

The big picture

Riverside Europe COO Dörte Höppner, details why private equity should consider ESG regulations as a chance to positively contribute to the global effort against climate change

SASB’s Rogers joins Blackstone

Jean Rogers will oversee Blackstone’s corporate ESG team, leading strategy, integration, reporting, and engagement

Novata secures $21m series-A

Novata provides PE firms and private companies with reporting metrics, a database to store information, and tools for analysis and reporting to key stakeholders

FCA seeks views on ESG criteria for funds

The paper, which forms part of the regulator’s wider ESG framework, aims to help consumers navigate their sustainability characteristics

AIMA CEO Jack Inglis: Community and interconnectedness have never been more important

AIMA’s CEO Jack Inglis was appointed as HFC’s chair in January 2020. He reveals how the charity responded to initial fundraising challenges brought about by the pandemic, the uncomfortable positions he found himself in, and why HFC plays such an important role in building a peer-based community

BC Partners joins Partnership for Carbon Accounting Financials

Membership marks the first private equity firm to join the PCAF

GHO promotes Rankine to sustainable investing director

Rankine will lead the integration of ESG considerations throughout the GHO investment process

Apax names chief sustainability officer

Adam is responsible for further integrating ESG strategies into the core business of Apax’s holdings

Intertrust launches ESG data solution

The solution aims to help GPs meet ongoing, critical ESG demands by providing an integrated approach to collecting and analysing ESG data, while managing ESG risk in portfolios

Profile: Jon Fredrik Vassengen, Argentum

The manager and compliance officer discusses how the fund-of-fund determines ESG criteria and the challenges of collecting quantitative ESG data

MJ Hudson releases ESG Advantage

ESG Advantage guides users on a step-by-step basis through the assessment process by tracking important data and automating analysis and reporting

MSCI and Burgiss launch Carbon Footprinting tool

Tool combines private company data from Burgiss with modelling developed by MSCI ESG Research for estimating corporate carbon emissions

LPs increasingly aware of data gaps in ESG reporting

The quality of ESG reporting is improving in private equity, but not enough areas are being covered

GP transparency and tech: room for improvement

According to SS&C Intralinks' survey, 69% of LPs were ‘moderately satisfied’ with the technology capabilities of the GPs they currently invest with

EQT formalises SBTs to address climate change

EQT has become the first private markets firm to do so, through the SBTi

Blackstone names global head of ESG for PE

Amisha Parekh joins from Bloomberg, where she spent the last four years as head of sustainable finance product incubation

Only 50% of GPs measuring carbon footprint

According to Apex research, 81% of GPs agreed they and their portfolio companies should take more responsibility for their carbon footprint

IPEM 2021: Sustainability as value creation 4.0

André Frei, chair of sustainability at Partners Group talks about the main trends within sustainability and why he doesn’t think the private markets will focus entirely on impact investing

IPEM 2021: Adapting to a virtual world

Klas Tikkanen, COO of Nordic Capital talks about adjusting to remote working through the pandemic, as well as the process of raising two funds virtually

The Drawdown Awards 2021: Winners announced

Congratulations to the winners of our recent 2021 Drawdown Awards

IPEM 2021: Lessons learned from Covid

Philippe Poletti, CEO of Ardian France talks about how the firm managed the Covid crisis, and why sustainability is now at the core of every business strategy

Net zero financial service providers alliance launches

The alliance was launched to accelerate the transition to a net zero financial system

IPEM 2021: Sustainability’s increasing importance

Alain Godard, CEO of the European Investment Fund talks about the increased importance of sustainability as well as EIF’s contribution to the sustainability agenda

IPEM 2021: Europe leads the way for ESG

Magnus Billing, CEO of Alecta talks about Europe being a leader for ESG, and why PE firms have a great opportunity to be catalysts in reaching the sustainability goals

IPEM 2021: PE’s big challenge

Cornelia Gomez, head of ESG & sustainability at PAI Partners talks about why measuring the carbon footprint of the portfolio is not enough

CapMan hires ESG director

Anna Olsson joins from ISS ESG, a sustainability consultancy, where she has worked since 2015

IPEM 2021: PE must embrace decarbonisation

Mathieu Chabran, co-founder of Tikehau Capital talks about decarbonising certain sectors and why those firms which only do it because they are forced to, will fail

IPEM 2021: PE is ready

Claire Chabrier, president of France Invest discusses how the Covid pandemic has accelerated innovation, climate issues and social responsibility

ESG disclosure divergence

The FCA's climate-related disclosure proposals mark the first policy disclosure divergence in post-Brexit UK for private equity; how do the new rules stack up against the European Commission's SFDR?

Profile: Stella Morse, Inverleith

The CFO discusses joining the private equity firm from the consumer world, what she thinks of the latest ESG regulations and setting up Inverleith's first institutional fund

CDP aims to standardise environmental data

It aims to increase disclosure from private companies, which have previously avoided scrutiny on environmental issues and pressure to decarbonise

SS&C launches ESG reporting solution

"We see the growing manager and investor demand to incorporate ESG metrics into client reporting at the manager and portfolio level."

Carlyle secures €2.3bn ESG-linked facility

Revolving credit facility is linked to boosting board diversity, tackling climate change and ESG-competent training

Domicile watch: August 2021

Key takeaways from the major PE domiciles: including the FCA's third consultation paper on UK IFPR, Guernsey's appointment of a strategic adviser for green and sustainable finance and Hong Kong's SFC amended fund manager code of conduct

Ogier launches ESG compliance tool

The tool aims to help fund managers get up to speed with ESG themes, terminology, regulatory requirements as well as climate-related risk in portfolio management

ILPA seeks feedback on DDQ and DEI metrics

These latest updates aim to reflect the changes in the industry over the past several years, specifically around ESG and DEI

PwC’s Woehl joins Montagu

In her new role, Woehl will help develop and refine Montagu’s existing ESG processes and procedures as well as support the portfolio companies’ ESG efforts

2025: PE’s digital golden year

In 2025, structured data exchange will be the norm for fund managers as PE moves away from Excel. The Drawdown explores the tech solutions making that future a reality