ESG

Uncertainty about the use of proceeds poses an issue for NAV lenders looking to manage ESG risks.

Impact investor Summa Equity closed Summa Circular, believed to be the first Article 9 continuation fund, in December, breaking new ground for the secondaries market.

Panellists at the Impact Investor Global Summit London 2023 agreed that GP-leds are where secondaries investors can have the most impact.

Continuation funds could provide sponsors with more time and capital to execute transformative sustainability initiatives.

Affiliate title PEI speaks to Advent International’s Christina Drakos and KKR’s Brandon Donnenfeld on what it was like to come out in the industry, and how PE can truly support the LGBTQ+ community.

The ingredients are all there for a big year in impact secondaries, with GP-leds looking particularly tempting.

The investment firm is managing $200m from HESTA in a fund of one to invest alongside impact and sustainable private equity managers.

The impact secondaries firm has hired a veteran of sustainable private equity investing in anticipation of 'a lot of selling activity' by institutional investors.

The amount of dry powder dedicated to impact secondaries increased markedly in 2022 – if from a very low base.

The VC and growth firm has established 10 sustainability goals, inspired by the UN SDGs, and in December published its first annual report on progress against these.