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PE firms unite to fight climate change

Five global buyout houses committed to ‘build better and more sustainable businesses’ with the creation of the One Planet Private Equity Funds initiative

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Five global private equity firms have come together to launch the One Planet Private Equity Funds (OPPEF) initiative, in a bid to accelerate actions to fight climate change and meet the goals of the Paris Agreement.

The firms aim to “advance the understanding of climate-related risks and opportunities” within portfolios companies so they can “build better and more sustainable businesses”, the founding PE houses said in a joint statement.

The formal announcement of the initiative was made during a meeting with President Emmanuel Macron on Friday, 20 November, ahead of the 5th anniversary of the Paris Agreement, in December.

The French leader met 33 chief executive officers from the world’s largest institutional investors, who manage an aggregate $30tn in assets. They discussed the lack of a global reporting standards for climate-related issues and the need for a sustainable recovery from Covid-19.

“I count on all members, sovereign wealth funds, asset managers, private equity firms to continue to use their collective power and ambition to accelerate the financing of the ecological transition and mitigate climate change,” Macron said.

The founding members of OPPEF include Ardian, Carlyle, Global Infrastructure Partners Macquarie Infrastructure and Real Assets (MIRA) and SoftBank Investment Advisers. Together, they will collaborate with One Planet Sovereign Wealth Fund (SWF) Working Group, an international coalition established in 2017.

The group of SWFs have been working on the implementation of a framework for how they should systematically take account of climate change in their decision-making processes – and how they can act together to contribute to ambitious climate action in the long-term, following the objectives of the Paris Agreement.

The framework has set out a set of principles to accelerate the integration of climate change analysis into the management of large, long-term and diversified asset pools.

Since the framework was launched, in 2018, the initiative has grown in the past two years from six founding members with $3tn of assets to 33 members with over $30tn of assets today.

Carlyle chief executive, Kewsong Lee, called climate change “one of the most pressing issues of our time” and said the firm is “committed to embedding the consideration of climate change-related risks and opportunities” in its investment decisions. The US-based firm today manages $230bn in assets across six continents.

Ardian, another champion of the initiative, currently manages $100bn in businesses in Europe, North America and Asia. The firm’s president, Dominique Senequier, told Private Equity News: “Today’s pledge is another important step forward for how we in finance can take what we do in our daily lives and ensure it has a beneficial impact on wider society.”

“Climate change is one of the biggest issues of our time. We are a major investor already in renewable energy, but more than that we must increasingly stand with each other in our industries and go further in order to make a positive difference to the global climate agenda,” Senequier added.

To contact the author of this story with feedback or news, email Elisângela Mendonça

Source: https://www.penews.com/articles/pe-firms-unite-to-fight-climate-change-20201120

Private Equity

Techware Group B.V – 859415831-11012022C

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” The Leapfunder Note is a sensible and attractive way to place capital in start-ups in the Netherlands “

” Diversification is important in angel investing. Leapfunder is a platform that allows angels to spread their investments. “

” Leapfunder investing allows you to become actively involved in a start-up, just as in classical angel investing, while taking all the hassle out of transaction execution “

” Leapfunder is ideal for investing smaller amounts in a start-up in the very early stages. Such investments can be a powerful addition to a portfolio “

” With Leapfunder you get a great opportunity to build up a diversified portfolio of start-up investments, often investors can play an active role in developing the company “

” When I saw the Leapfunder proposition I thought straight-away: this is what start-ups need. I am an entrepreneur and wish this system had been available when I started my company. “

Pieter ter Kuile

Investor

Wouter Kneepkens

Investor

Ronald Bazuin

Investor

Eric van der Maten

Investor

Eric van Gilst

Investor

Donald Res

Investor

Source: https://www.leapfunder.com/companies/154

Continue Reading

Private Equity

Techware Group B.V – 859415831-­‐11012022B

Avatar

Published

on

” The Leapfunder Note is a sensible and attractive way to place capital in start-ups in the Netherlands “

” Diversification is important in angel investing. Leapfunder is a platform that allows angels to spread their investments. “

” Leapfunder investing allows you to become actively involved in a start-up, just as in classical angel investing, while taking all the hassle out of transaction execution “

” Leapfunder is ideal for investing smaller amounts in a start-up in the very early stages. Such investments can be a powerful addition to a portfolio “

” With Leapfunder you get a great opportunity to build up a diversified portfolio of start-up investments, often investors can play an active role in developing the company “

” When I saw the Leapfunder proposition I thought straight-away: this is what start-ups need. I am an entrepreneur and wish this system had been available when I started my company. “

Pieter ter Kuile

Investor

Wouter Kneepkens

Investor

Ronald Bazuin

Investor

Eric van der Maten

Investor

Eric van Gilst

Investor

Donald Res

Investor

Source: https://www.leapfunder.com/companies/154

Continue Reading

Private Equity

Techware Group B.V – 859415831-11012022

Avatar

Published

on

” The Leapfunder Note is a sensible and attractive way to place capital in start-ups in the Netherlands “

” Diversification is important in angel investing. Leapfunder is a platform that allows angels to spread their investments. “

” Leapfunder investing allows you to become actively involved in a start-up, just as in classical angel investing, while taking all the hassle out of transaction execution “

” Leapfunder is ideal for investing smaller amounts in a start-up in the very early stages. Such investments can be a powerful addition to a portfolio “

” With Leapfunder you get a great opportunity to build up a diversified portfolio of start-up investments, often investors can play an active role in developing the company “

” When I saw the Leapfunder proposition I thought straight-away: this is what start-ups need. I am an entrepreneur and wish this system had been available when I started my company. “

Pieter ter Kuile

Investor

Wouter Kneepkens

Investor

Ronald Bazuin

Investor

Eric van der Maten

Investor

Eric van Gilst

Investor

Donald Res

Investor

Source: https://www.leapfunder.com/companies/154

Continue Reading
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