The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 23,000 board members, together with Vista Equity Partners (Vista), a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, and the Society for Human Resource Management (SHRM), a global trade association supporting HR and business executive members, have launched a new programme to increase diversity among directors serving on the compensation, nomination, and governance committees of private and public company boards. The programme provides individuals from underrepresented backgrounds with access to 12 months of detailed curriculum tailored to preparation for board service

Thoma Bravo, one of the private equity players in the global software investment space, is to open its first office in London, according to a report by Private Equity News.

Altamont Capital Management has become a signatory to the Institutional Limited Partners Association’s (ILPA) Diversity in Action initiative. The Diversity in Action initiative’s goal is to motivate market participants to engage in the journey to become more diverse and inclusive and to build momentum around the adoption of specific actions that advance DEI over time. Signatories undertake essential DEI actions that span talent management, investment management and industry engagement. Altamont joins the list of ILPA signatories four months after joining Ownership Works, a nonprofit with a mission to increase prosperity through shared ownership at work, as a founding partner. Altamont is

Europe’s largest impact fund, the Nordic-born Summa Equity (Summa), is opening an office in Palo Alto this summer, its  first outside of Europe. Th opening follows just a few months after Summa announced the launch of a USD2.4 billion impact fund. Summa partners Tommi Unkuri, Gustavo Salem and Nick Roelofs will lead US operations, and they will be joined by a number of Summa staff, including investment director Anna Ryrberg. The new office is Summa’s fourth; beyond the Stockholm and Oslo offices, Summa opened an office in Munich in 2022. Summa will be prioritising companies in healthcare, as exponential technological

Global investment firm Carlyle’S Global Credit platform has launched a decarbonisation-linked financing programme, providing an incentive for borrowers to reduce greenhouse gas (GHG) emissions or achieve other climate-related targets. The initiative is among the first decarbonisation-linked financing programmes available in the US private credit market, and represents the latest step in Carlyle’s ongoing efforts to drive progress in energy transition.   Through the program, Carlyle offers a pricing benefit tied to a borrower’s achievement of decarbonisation targets or other tailored climate-related KPIs. Carlyle and participating borrowers will work closely together to assess and monitor appropriate KPIs, while Carlyle’s dedicated ESG

IK Partners’s (IK) greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi). These targets are consistent with the levels required to meet the Paris Agreement goals and limit global warming to 1.5°c.    IK has committed to: reducing absolute Scope 1 and Scope 2 GHG emissions by 54% by 2030 from a 2019 base year; and in Scope 3 (portfolio target) achieving 26% of its eligible private equity (PE) investments by invested capital setting SBTi-validated targets by 2026 and 100% by 2040 from a 2021 base year.

Pollen Street as met the target set out in its ESG Report for 2020 and is now carbon neutral. The carbon footprint of Pollen Street Capital reduced in 2021 and residual carbon emissions have been removed through verified offsets. The firm has also published the results of its second internal DE&I survey in this year’s report, which show that 64% of the firm’s staff are state educated and 17% are from ethnic minorities. Additionally, 26% of PE portfolio ExCo members are now women. The firm is also recognised on an individual and company level at the FTAdviser Diversity in Finance

Alternative investment management company Blackstone has posted a loss for Q2 2022 after its private equity portfolio was impacted by ongoing turmoil in global markets. The New York-based firm reported a net loss of $29.4 million for the quarter compared with a profit of $1.82 billion in the same period in 2022, according to a report by The Wall Street Journal.

PGIM Private Capital provided nearly $10.0 billion of senior debt and junior capital to more than 140 middle-market companies and projects globally in the first half of 2022, marking a record first-half origination volume for the firm. PGIM Private Capital is a source of private debt for public and private companies and is the private capital arm of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. PGIM Private Capital’s H1 lending includes $8.4 billion of investment-grade investments, $1.3 billion of below-investment-grade investments; $190 million of mezzanine and private equity investments. Some 56 new issuers across a