ESG

Ropes & Gray advised on more than 150 deals worth $17.5bn in 2019, according to the Secondaries Investor Law Firm Survey 2020. 

The alternatives manager is investing flagship secondaries fund Dover Street X, which closed in October on its $8.1bn hard-cap.

Subscription finance is busier than ever, prices are rising and competition among lenders is on the rise despite the pandemic.

The listed alternatives giant hired two Partners Groups executives last year to help launch the effort, which could grow to a $50bn business overall for the firm.

Investing in businesses at one remove means secondaries firms need a different dynamic if they are to innovate on environmental, social and governance issues.

Recycling business Ecore International is the focus of what has been described as 'a hybrid of a single-asset recap and an independent sponsor transaction'.

Caroline Gibert's team aims to have women account for 40% of Flexstone's investment team by 2030 and for the business to be carbon neutral by 2050.

Can private equity be a force for good? Key leaders, including Verdun Perry, global head of Strategic Partners, discuss how to transform an industry and leverage its economic and social power to drive change.

The Women in Secondaries network seeks to empower, promote and support women working in the industry.

The initiative has 46 founding signatories, including Blackstone, The Carlyle Group and Teacher Retirement System of Texas.