Toby Mitchenall
Toby Mitchenall is the Senior Editor, ESG and Sustainability, at PEI Media. He is responsible for New Private Markets, a dedicated intelligence source on impact investing, sustainability and ESG in private markets, and is based in PEI’s London office. Toby was previously a consultant advising private equity firms on marketing and public relations.
GP-leds are of particular interest to the mainstream secondaries players, Tom Jorgensen, a managing director at North Sky Capital, said in a video interview at the Impact Investor Global Summit.
Stafford Infrastructure Secondaries Fund V will seek €1.3bn and comes five months after the firm closed its predecessor vehicle.
The ingredients are all there for a big year in impact secondaries, with GP-leds looking particularly tempting.
The impact secondaries firm has hired a veteran of sustainable private equity investing in anticipation of 'a lot of selling activity' by institutional investors.
The VC and growth firm has established 10 sustainability goals, inspired by the UN SDGs, and in December published its first annual report on progress against these.
The number of funds coming to market openly offering discounts for early-bird commitments or big ticket sizes is dropping, according to research seen by sister title Private Equity International.
Representatives from AlpInvest Partners, NYCRS and the UK's Nest pension fund say it is only when GPs play their part in tackling climate change that LPs can make their portfolios resilient.
For better or worse private equity fundraising will have to be conducted with less of a human touch.
We caused a stir with reports of unnamed LP defaults last week; was it a storm in a teacup?
As the industry grows in size and influence, the question will get louder. The industry needs to be able to give a definitive answer.