Back to News
Podcasts

Behind the Buyouts: Hamilton Lane's Brian Gildea Talks ESG

|
Published: August 27th, 2020
In the latest episode, Hamilton Lane's head of investments says more PE firms are launching funds embracing ESG principles, but LPs still need to do the work to see if they match their investment principles.

Welcome to Behind the Buyouts, The Deal’s podcast in which we sit down with leading private markets investors and drill down into their buyout, growth equity and venture capital deals.

For this edition, Brian Gildea, head of investments at Hamilton Lane Inc., talks about how U.S. private equity firms and investors have pivoted to focus on the “S” of environmental, social and governance, or ESG-based, investing.

The Bala Cynwyd, Pa.-based firm, which invests in alternatives and advises institutional investors on their PE allocations, has been tracking a number of funds focused on promoting positive social impacts. But since many of these funds have been launched within the past four years, it’s too early to determine if their cause-based investing also delivers solid investment returns.

“Overall, ESG is playing a larger role both in society and the investment community,” Gildea said. “It’s because people are interested in understanding how the organizations they interact with are behaving as good global citizens.”

Gildea said it’s important for private market investors to seek out information about ESG practices in their private equity funds and portfolio companies and then vote with their dollars.

The good news on this front is that private markets offer more choices than ever, with roughly 1,000 new funds coming out per year.

On the co-investment front, Hamilton Lane has been more cautious on whether it’s always the best avenue for a limited partner to pledge capital outside the fund structure for a specific M&A deal.

While it has been a way for LPs to avoid paying the fees associated with a given PE fund, it also demands a slightly different skill set.

More podcasts from The Deal are available on iTunesSpotify, SoundCloud and on TheDeal.com.

More From Podcasts

Mergers & Acquisitions

Drinks With The Deal: Debevoise's Paul Bird

By David Marcus
|
Published: November 19th, 2020
Debevoise's Paul Bird discusses his work for Clayton, Dubilier & Rice and Aveva's purchase of OSIsoft on the latest episode of the Drinks With The Deal podcast.
Podcasts

Behind the Buyouts: Checkpoint's Weber Talks Fintech, M&A

By Steve Gelsi
|
Published: November 18th, 2020
Billy Weber, a former banker and current CEO of fintech company Checkpoint Capital, provides perspective on monetary policy, the community banking space and increased transparency in the bond market looking ahead to 2021 in the latest episode of the Behind the Buyouts.
Mergers & Acquisitions

Drinks With The Deal: Latham's Luke Bergstrom

By David Marcus
|
Published: November 6th, 2020
The San Francisco-based partner discusses managing the firm's global M&A and technology groups and how he uses his love of cocktails as a way to build client relationships.