ESG

The German firm, which is active in fund and direct secondaries, has hired a former BNY Mellon veteran for the newly created role.

The five-year plan is made of six strategic initiatives, including one focused on private equity fee and profit-sharing transparency.

The multi-layered nature of secondaries can make ESG issues difficult to address, but that doesn’t mean buyers can ignore them.

Failure to address environmental, social, governance and sustainability issues will be costly for private equity firms, according to Adam Black.

The secondaries powerhouse hired Adam Black in March to lead its environmental, social, governance and sustainability efforts.

Environmental, social and governance issues increasingly prevent LPs from committing to a specific fund, but might they also cause an uptick in secondaries deal flow?

A direct secondaries firm must evaluate ESG just like a primary GP, explains Verdane's investor relations director Frida Einarson.