PRI seeking signatories to join private equity working group

22 March 2017

The PRI is seeking signatory applicants for a private equity working group to support the development of a limited partner (LP) monitoring tool.

The project offers an excellent opportunity to work with fellow PRI signatories and provide a major piece of guidance for which there is great industry demand.

LP signatories are required to report ESG incorporation practices for the three stages of selecting, appointing and monitoring their private equity managers. The PRI private equity programme aims to enable LPs to drive the responsible investment agenda in an industry-consistent way through the construction of three standalone tools that will support these practices.

In 2015, the PRI and private equity association partners published the LP responsible investment due diligence questionnaire as the “selection” tool and as the industry standard for LP ESG-related due diligence.

The PRI is in the process of finalising an advisory document for LPs on how to articulate and refine ESG provisions in fund terms as the “appointment” tool.

As the third step, the PRI is in the process of appointing an external consultant to work in partnership with PRI signatories and industry association partners in the development of a “monitoring” tool – guidance for LPs and general partners (GP) on how to report on and monitor the ESG integration practices of GPs during the lifetime of the fund.

Please see the Terms of Reference for more information and details on how to apply. 

Application deadline: Friday 28 April.