Two major issues will drive change in LPs’ private equity portfolios in the next few years, according to Coller Capital’s latest Global Private Equity Barometer. 

Terraformation, a global forest restoration company, has held the first closing of USD30 million in funding to support its mission to help solve climate change by restoring thriving ecosystems to capture carbon across billions of acres of degraded land. 

Green Angel Syndicate, one of the largest active angel syndicates in the UK and the only one specialising in the fight against climate change, has promoted Christine Chisholm from Finance Manager to Chief Financial Officer (CFO). 

By Kyle Burrell, US FSO Assurance Partner, Ernst & Young LLP – Over the years, private equity fund managers have bolstered their firms’ reputations as the asset class of choice for investors, building strong value for their portfolio companies and fuelling job growth across a wide swath of industries.

A new report from LGT Capital Partners (LGT CP) shows that alternative investors are increasingly focusing on ESG outcomes in order to address key issues including climate change and diversity & inclusion (D&I).

Arcano Asset Management has raised over EUR200 million to date for the Arcano Impact Private Equity Fund (AIPEF) and has already completed 10 transactions, including primary fund investments and direct co-investments in companies. 

Astorg has completed its EUR1 billion-plus financing to acquire a majority stake in Corialis. 

The British Business Bank’s regional funds — the Midlands Engine Investment Fund (MEIF) and the Northern Powerhouse Investment Fund (NPIF) — have enabled more than GBP50 million of investment, including from the private sector, into small businesses in the Midlands and North of England to reduce their carbon footprint and support developing innovative solutions to tackling the climate emergency and reaching net zero.

Aberdeen Standard Investments (ASI) has invested GBP50 million on behalf of its strategic partner Phoenix Group (Phoenix) in Black Sea Trade and Development Bank (the Bank) supporting the implementation of its climate change strategy.

The management of environmental, social and governance (ESG) issues is moving up the board agenda for private equity, however climate risk exposure requires greater scrutiny, according to a new survey released by PwC.