Integrating Environmental, Social & Governance Factors in Private Equity

    Maura Reilly Kennedy, Managing Director, NB Private Equity
    Jennifer Signori, Managing Director, ESG and Impact Investing


    Our private markets experts Maura Reilly Kennedy and Jennifer Signori discuss how private equity managers have evolved when it comes to integrating Environmental, Social & Governance (ESG) practices into their businesses. They draw on their extensive experience conducting due diligence on private equity companies, exploring the shift from avoidance and negative screens towards true integration that they’ve seen emerge over the past 10 years.

    Watch the video now or find out more via Neuberger Berman’s website.

    Maura Reilly Kennedy

    Maura Reilly Kennedy, Managing Director of Neuberger Berman and a senior member of the private equity investment team

    Maura Reilly Kennedy is a Managing Director of Neuberger Berman and a senior member of the private equity investment team. Ms. Kennedy focuses on designing and implementing both customized private equity solutions and registered private equity solutions for clients. Additionally, she leads the development, implementation and investment management of ESG and impact investing strategies within private equity. Prior to joining Neuberger Berman in 2008, she worked at Landmark Partners, focusing on secondary private equity transactions. Ms. Kennedy serves on limited partner advisory boards and is a member of Neuberger Berman’s ESG Advisory Committee. She is a member of the Board of Directors of the National Associate of Investment Companies, the largest network of diverse-owned private equity firms and hedge funds. Ms. Kennedy received an MBA from Harvard Business School and a BA in Economics from Hobart and William Smith Colleges.

    Jennifer Signori

    Jennifer Signori is a Managing Director at Neuberger Berman

    Jennifer Signori is a Managing Director at Neuberger Berman, and joined the firm in 2017. Jennifer leads the development and implementation of impact investing strategies with a portfolio management focus on private equity. Jennifer also oversees environmental, social, and governance integration in private markets and multi-asset class solutions. Previously, Jennifer was a Director at Bridges Fund Management, a specialist impact investing private equity fund manager, where she played a key role in fund expansion and executing due diligence and impact management of investments. Jennifer began her career in investment banking at J.P. Morgan, where she conducted credit analysis and structured syndicated leveraged loans and bonds. Jennifer also worked in a number of investment and advisory roles focused on impact investing, including at Imprint Capital and Next Street. Jennifer received a BS of Foreign Service in International Economics from Georgetown University and an MBA from The Wharton School at the University of Pennsylvania. Jennifer is on the Principles for Responsible Investment Private Equity Advisory Committee, Wharton Private Equity Venture Capital Association Board, and Impact Management Project Advisory Board.

    For more information, please contact

    Mark Oestergaard
    Managing Director
    Neuberger Berman
    T: +44 20 3214 9014
    E: [email protected]

    For more information, please contact

    Emelie Albeck
    Vice President
    Neuberger Berman
    T: +46 85 052 7861
    E: [email protected]

    For more information, please contact

    Harry Sivarajah
    Senior Vice President
    Neuberger Berman
    T: +44 20 3214 9085
    E: [email protected]

    All information is as of December 31, 2019 unless otherwise noted.

    This material is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger Berman products and services may not be available in all jurisdictions or to all client types. Investing entails risks, including possible loss of principal. Investments in hedge funds and private equity are speculative and involve a higher degree of risk than more traditional investments. Investments in hedge funds and private equity are intended for sophisticated investors only. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.

    Firm data, including employee and assets under management figures, reflect collective data for the various affiliated investment advisers that are subsidiaries of Neuberger Berman Group LLC (the “firm”). Firm history and timelines include the history and business expansions of all firm subsidiaries, including predecessor entities and acquisition entities. Investment professionals referenced include portfolio managers, research analysts/associates, traders, product specialists and team-dedicated economists/strategists.

    This material is general in nature and is not directed to any category of investors and should not be regarded as individualized, a recommendation, investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger Berman is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions and the appropriateness of this material should be made based on an investor’s individual objectives and circumstances and in consultation with his or her advisors. This material may not be used for any investment decision in respect of any U.S. private sector retirement account unless the recipient is a fiduciary that is a U.S. registered investment adviser, a U.S. registered broker-dealer, a bank regulated by the United States or any State, an insurance company licensed by more than one State to manage the assets of employee benefit plans subject to ERISA (and together with plans subject to Section 4975 of the Internal Revenue Code, “Plans”), or, if subject to Title I of ERISA, a fiduciary with at least $50 million of client assets under management and control, and in all cases financially sophisticated, capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies. This means that “retail” retirement investors are expected to engage the services of an advisor in evaluating this material for any investment decision. If your understanding is different, we ask that you inform us immediately.

    The Russell 1000 Index is a float-adjusted market capitalization-weighted index that measures the performance of the large-cap segment of the U.S. equity market. It includes approximately 1,000 of the largest securities in the Russell 3000 Index (which measures the performance of the 3,000 largest U.S. public companies based on total market capitalization). The index is rebalanced annually in June.

    The United Nations Sustainable Development Goals (UN SDGs) are a common set of social and environmental outcomes that governments, non-profits, companies and investors can work together to achieve.

    This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit for the specific entities and jurisdictional limitations and restrictions.

    The “Neuberger Berman” name and logo are registered service marks of Neuberger Berman Group LLC.

    Latest Posts