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Hedge funds and private equity are both improving their transparency over ESG. However, while ESG is more seen as an investment opportunity on the private equity side, complexities remain on the hedge fund side around issues of reporting, according to investment firm Cambridge Associates as quoted in a feature for Private Equity Wire this week by Clara Dijkstra.

Allocators also tend to increasingly blur the boundaries between the private equity and hedge fund sides of their portfolios, as once strictly segmented alternatives buckets begin to blend, according to the above-mentioned firm.

Dan Aylott, managing director and head of European Private Investments at Cambridge Associates says that the distinction between private equity and hedge funds has become an increasingly “grey area”.

“Those parts of a portfolio are less distinct today than they were. Within Cambridge Associates, hedge funds don’t compete against private equity for the best ideas or vice versa, there’s a lot more overlap,” commented Aylott.

On the deal side this week, KKR and Salesforce Ventures invested USD62 million in Denmark’s largest-ever Series B round for Copenhagen-based, no-code software test automation platform Leapwork, to accelerate its global expansion. Existing investors DN Capital and Headline made an undisclosed, but ‘significant contribution’, to the Series B funding round too.

“KKR has a huge network within our type of client area, so we expect them to roll out the red carpet and help us engage with clients following completion of the deal. We also have the best platform to automate Salesforce, so it’s a natural next step for us to have Salesforce on the team,” Leapwork’s co-founder and CEO, Christian Brink Frederiksen, told Private Equity Wire.

In the startup funding space – Info Edge Ventures led a USD2 million seed round into Lumiq, an Indian data and analytics company that provides data-driven decision-making for financial enterprises.

Karin Wasteson
Editor, Private Equity Wire

 

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