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Laxman Pai, Opalesque Asia: Swedish private equity firm EQT has launched a €4bn ($4.7bn)-targeting impact-driven longer-hold fund to invest in mature, high-quality companies with market shaping impact potential.
A portion of EQT Future fund's carried interest will be linked to achieving portfolio-level impact KPIs, including reduction of GHG emissions using the Science Based Targets initiative (SBTi), said a press release from the purpose-driven global investment organization focused on active ownership strategies.
Paul Polman, former CEO of Unilever and UN Sustainability Ambassador will co-chair a Mission Board that provides strategic direction and impact-focused advice to the vehicle.
The European buyout house said investments of the EQT Future Fund will be made in line with three key objectives, namely to safeguard resources and protect the climate, improve mental and physical health and create equality of opportunity.
"EQT Future is an impact-driven longer-hold fund which will apply EQT's active ownership model to accelerate the sustainable transformation of companies alongside creating attractive risk-adjusted returns," it said.
The launch of EQT Future comes just days after the announcement of EQT as the first private markets firm globally to formalize science-based targets SBTi. EQT will address climate change by defining ambitious greenhouse gas emission (GHG) reduction targets, for both its own and the portfolio companies' operat...................... To view our full article Click here
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