Palico's Claire Woolston Commons, Cambridge Associates' Chris Varco, Unigestion's Paul Newsome and Unquote's Denise Ko Genovese discuss whether the current crisis will lead to an ESG rethink.
Unquote teamed up with private equity fund marketplace Palico for a live briefing on Tuesday 21 July, chaired by Unquote associate editor Denise Ko Genovese. Panellists included Claire Woolston Commons, head of strategy at Palico; Chris Varco, managing director in the ESG and impact investment group at Cambridge Associates; and Paul Newsome, partner and head of investment solutions at Unigestion.
In line with the secular trend of recent years, there has been a move towards sustainable investing in private markets, but could the coronavirus pandemic accelerate the movement, magnifying concerns for the need to build better and more resilient companies?
The discussion focused on whether LPs are indeed using this time to rethink their portfolios from an ESG perspective and realign their assets towards a more impact-focused portfolio. And if so, could the secondaries market be the key to rebalancing?
Transaction also financed with a €10m senior debt from LCL, BNP Paribas, Bred Banque Populaire and CIC
GP acquires a 49% stake in the company for €1.06bn, while the reminder is retained by current owner Atlantia
LDC invested £20m in Mitrefinch in 2016 for a minority stake and has supported the company in doubling revenues
Omega managing director Claudio Nessi and principal Francesco Draetta will join the company's board