New Private Markets’ Post

📰Read the contribution of our Head of Investment and Asset Management, Martin Hermanns, to the March 2024 issue of the Private Equity Insight/Out magazine published by the LPEA - Luxembourg Private Equity & Venture Capital Association, on the topic “Sustainable Development Goals Funds, New Regulations Ahead?" #sdgs #investmentfunds #privateequity

Really pleased to see the launch of BDC Capital (Canada)'s DEI and ESG report. This was a massive undertaking by GPs, companies, and the BDC Capital team to collect this data and analyse the progress being made in the industry. Some findings: 🚀 Diverse representation continues to increase since 2021, with the percentage of General Partners (GPs) where women make up at least half of employees increasing by 16 percentage points and visible minorities by 9 percentage points. ❗ Gender diversity remains a gap at the GP ownership and investment committee levels, with 55% of GPs entirely male-owned and 21% of investment committees composed exclusively of men 🌲 GPs are improving on the integration of the social and governance aspects of ESG, but we are observing a persistently low adoption of climate-related measures like reducing air travel or measuring emissions and setting carbon neutral goals. A big thank you to everyone who participated! You can find a link to the full report here: https://lnkd.in/gR54nbC3

At the risk of igniting a firestorm, this ESG/DEI report from BDC raises several issues, including: 1- BDC's VC operations have bled over $1 b. in write downs over the past 2 fiscal years at the same time as it has loudly proclaimed its fealty to DEI and ESG. So, financial results seem untethered from these value commitments; 2- the report smacks of 'peak woke' thinking and as such is out of tune with the pushback against this value system that erupted on Nov. 5 with the US elections. The current federal government, BDC's sole shareholder, has pushed its progressive agenda across multiple policy and issue areas from foreign aid to defense and venture capital. Needless to say, incumbent governments are at great electoral risk today and we should be prepared to see a pullback from BDC's fulsome DEI and ESG loyalty after the next election when an incoming government of another political persuasion expresses different priorities for its crown corporations including BDC,EDC and FCC; 3- a new government, more attuned to developments in Washington, won't appreciate one of its arms making the sort of statement in the report to the effect that, " despite the overall trend toward ESG disclosure ...skeptics remain in the US and elsewhere". Here, 'elsewhere' looks like an afterthought. Nor will it be enamored of," LP's should invest in managers with strong DEI and ESG values and performance." .There's the gatekeeper telling the private sector what to do.

Venture capital firms are enhancing portfolio company growth by prioritizing financial sustainability.    Discover how Vistra’s active management strategies and effective due diligence contribute to operational efficiency and compliance in a competitive global economy. #VentureCapital #PortfolioGrowth #FinancialSustainability https://lnkd.in/ed5RR3sK

Eriprando Guerritore, fund formation & investment management partner at #GTSantaMaria, today moderated the panel ‘The Rise of the Secondaries Market in the Mediterranean Countries’ during the Zero One Hundred Conferences in Milan, the international private equity and venture capital conference, of which the firm is co-sponsor.   Several topics emerged during the discussion with industry specialists, from growth trends and attractiveness of secondary markets, risks and opportunities, challenges and strategies of operators, including specialisation trends. #PrivateEquity #VentureCapital #SecondaryMarket #FundFormation

Integrating DEI and ESG best practices in the VC and PE industry is a journey that demands time, commitment, and a collective effort to align with each firm’s unique values and long-term goals. BDC’s data collection exercise is designed to raise awareness and encourage advancements in DEI and ESG, which are essential steps towards building resilience in a rapidly changing world. Consult this year’s findings in our latest report and learn more about how some of our portfolio GPs and companies like Yaletown Partners, BKR Capital, CTI Life Sciences Fund, GoBolt and McRock Capital are making progress on their DEI-ESG journey. Special thanks to: Kristina D'Amico, CFA Joshua Smith Devlin Flood-Smith #VC #PE #DEI #ESG

How is Canada’s VC and private equity scene advancing DEI and ESG? The latest BDC Capital (Canada) report features insights from top industry leaders — take a look. 👇

𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐅𝐢𝐫𝐦 ‘𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬’ 𝐒𝐞𝐜𝐮𝐫𝐞𝐬 $𝟗𝟎𝟎𝐌 𝐟𝐨𝐫 𝐄𝐚𝐫𝐥𝐲-𝐒𝐭𝐚𝐠𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 San Francisco-based Industry Ventures announced on Tuesday that it has closed $900 million for a fund aimed at investing in early-stage technology’s emerging managers and companies. Read More: https://bityl.co/Qrb3 #capitalinvestment #industryventures #investment #BusinessInvestment #news #NewsUpdate #BusinessNews #businessnewsupdates #investmentnews #ciolook

Learn more about the current state of DEI and ESG within Canada’s venture capital and private equity ecosystem in our latest report.   Discover how BDC is empowering businesses to tackle the biggest challenges of our time, and delve into the progress made by Yaletown Partners, BKR Capital, GoBolt, McRock Capital, and CTI Life Sciences Fund in their DEI and ESG journeys, along with the valuable reflections and insights they have gathered along the way.   #DEI #ESG   https://ow.ly/RbWe50U5tZX

Check out BDC and BDC Capital (Canada) recent report highlighting positive momentum in #Canada’s venture capital and private equity sectors towards Environmental, Social, and Governance (#ESG) and Diversity, Equity, and Inclusion (#DEI) goals. While Canadian investors are increasingly tackling these concerns, the pace is gradual, and climate commitment still lags behind DEI initiatives. Supporting ESG and DEI not only drives ethical and sustainable growth but also unlocks significant economic and financial values. Among other things, diverse teams foster innovation and resilience, while responsible investment aligns with a future-ready economy. #Venturecapital has the power to shape impactful companies that contribute to a #sustainable, #inclusive world. The future is bright for those who prioritize #people, #planet, and #profit. Report: https://lnkd.in/gvvac_gE