Novata, an ESG data management platform built for the private markets, is to provide ESG measurement and analysis support services for some of Ares Management’s direct lending strategies.
Novata, an ESG data management platform built for the private markets, is to provide ESG measurement and analysis support services for some of Ares Management’s (Ares) direct lending strategies.Â
Novata provides customers with data collection and data insights and analytics tools to inform investment decisions. Novata is a public benefit corporation formed by the Ford Foundation, Hamilton Lane, S&P Global, Omidyar Network, and more than a dozen private equity firms and pension funds.
With continued focus from market participants to increase data transparency, Novata’s platform, designed by the GP community, is the simple first step for private equity and private credit firms looking to tackle ESG data collection.
Since Novata’s platform launch in April, Novata has also welcomed a range of private equity and credit firms to the General Partner Advisory Committee (GPAC) and has experienced significant global demand for its ESG data management platform.
