Building an ESG real estate fund
The client’s challenge
A private equity firm set a goal to create an ESG specific fund in focus and financing. The PE firm had plenty of experience in building other real estate funds, but lacked ESG expertise when talking to potential Limited Partners. These LPs included pension funds and university endowments with significant pressure to ensure their investments met newly established ESG criteria.
Global Imprint began by working with the client on how ESG could be brought in from the sidelines and be made the core of the fund’s value proposition. As ESG was placed at the center of conversations, we also worked on clear messaging that was specific and actionable for the fund. Global Imprint acted as the ESG lead, providing technical oversight and strategic ESG leadership for building the fund, and acted in advisory role on strategy leadership calls including investment pitches with university endowment and state pension funds.
The benefits to the client
TheGlobal Imprint’s presence and collaboration with the private equity firm established confidence in the firm’s ability to navigate the complex regulatory environment in states like California from the investors and LPs.