Forbes: Does Private Equity (PE) Have An ESG Problem -part 2?
The proposed and enacted SEC rules are a great step in the right direction but suffer from a few limitations. First, they don’t cover all the topics I raise. Second, the information is not necessarily going to be available to the public. Third, the proposed rules, even if enacted, will probably get litigated and it is not obvious what set of final rules get promulgated.
So, what kind of data should asset allocators ask for from PE firms. Two non-profits, Predistribution Initiative (PDI) and Impact Frontiers, together have launched a project identifies these issues and recommends disclosures for LPs specifically on these topics.