Vast majority of LPs plan to increase impact allocations – survey

HarbourVest's 2021 ESG, Sustainability, and Impact Investing Survey is based on 130 LPs with assets under management ranging from almost USD 1bn to USD 3bn.

The survey will form part of HarbourVest's next ESG Report. It also found that 76% of respondents already consider private markets within the scope of their allocation targets and portfolio construction for sustainability and impact.

Meanwhile, 19% of respondents expect to include private markets in future sustainability and impact allocation targets.

There is still room for LPs to invest more in sustainability and impact when it comes to their own targets, the survey also found. LPs are targeting a 21% allocation with an actual allocation of 12%.

While recent surveys and reports have shown the importance of ESG to GPs and LPs alike, they have also revealed areas where there is room for improvement. These include BDO's survey of UK GPs' ESG reporting policies, which revealed that less than half report in detail on the ESG impact of their investments, as reported.

Impact and sustainability-focused funds raised recently in the European market include Trill Impact's EUR 900m debut fund, as well as Natixis subsidiary Mirova's EUR 300m Environment Capital Acceleration Fund. EQT launched its impact-driven EQT Future fund in October 2021 with a EUR 4bn target, as reported.

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