ESG an increasingly important issue for super funds

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The increasing importance of ESG in investment markets was reiterated at the recent AVCJ Private Equity and Venture Capital Forum by two major government sector super funds and private equity investment specialists.

At a time of debate about the appropriate level of shareholder activism by super funds, representatives of both Local Government Super (managing $11 billion FUM) and First State Super (managing $90 billion FUM) said ESG was a key and growing issue in assessing the risk of any prospective investment in the private equity sphere.

Meanwhile, Anthony Kerwick, managing director of Adamantem Capital, said all potential limited partners, that is potential super fund investors, in his private equity fund ask questions about Adamantem’s position and policies on ESG as it relates to private companies they invest in or may invest in.

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