Positive News & Booming Private Assets

    The markets may ending the month on a negative note, but on the sustainability front there are reasons to rejoice. After last week’s disappointment caused by crossed-planetary boundaries, the Snap provides a positive twist, courtesy of acclaimed author Yuval Noah Harari. Another positive news, green bond market in Danish Krona is booming in the wake of the inaugural sovereign green bond issuance.

    At the beginning of the week, Storebrand AM announced that they would be putting two companies on their observation list based on concerns over deforestation.
    This week, we caught up with ESG pioneer Colin Melvin who set up shop 5 years ago and is now advising large AMs and asset owners, including the world’s largest, GPIF.

    Sustainability seems to be the right trend to follow for alternative managers and private equity in particular. Earlier this month, Norway’s state climate investment fund and AP3, among others, helped Verdane close Idun I, Europe’s largest growth impact fund to date, at a hard cap of €300 million. Meanwhile, this week, SDG-driven PE Summa Equity just closed its third fund with €2.3 billion. And on Thursday, M&G announced the acquisition of impact boutique responsAbility. We caught up with William Nicoll, CIO of M&G Private & Alternative Assets for an exclusive comment.

    In Sweden, also on the private asset side, Länsförsäkringar and Brunswick Real Estate partnered to launch Bohild Fastigheter AB, a long-term property owner aiming to achieve significant CO2 savings through a large selection of energy-improving measures.

    Perhaps less positive, this week on the EU regulation front, the Platform on Sustainable Finance published its feedback. Spoiler alert: the Complementary Delegated Act activities are not in line with the Taxonomy Regulation. And while we are looking at the dirty bits, here is the next instalment of our series on nuclear energy where we dug into the hairy question of nuclear waste disposal, the timing of which is particularly appropriate. Indeed, following almost half a year of delays, Sweden‘s Minister of Climate and Environment, Annika Strandhäll finally greenlighted the final storage facilities for used nuclear fuel in Forsmark and the associated fuel encapsulation plant in Oskarshamn on Thursday this week.

    Image courtesy of NordSIP / envato elements
    Aline Reichenberg Gustafsson, CFA
    Aline Reichenberg Gustafsson, CFA
    Aline Reichenberg Gustafsson, CFA is Editor-in-Chief for NordSIP and Managing Director for Big Green Tree Media. She has 18 years of experience in the asset management industry in Stockholm, London and Geneva, including as a long/short equity hedge fund portfolio manager, and buy-side analyst, but also as CFO and COO in several asset management firms. Aline holds an MBA from Harvard Business School and a License in Economic Sciences from the University of Geneva.

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