KKR-backed firm eyes $1 billion fund to tap India ESG investors

INSUBCONTINENT EXCLUSIVE:
funds tend to participate in ESG
director at Avendus Capital Public Markets Alternate Strategies LLP, said in an interview at his office in Mumbai
years with its ESG fund and sees around 70 per cent of that money coming from overseas investors
Laijawala declined to say how much his fund has raised so far
The firm has an exclusive agreement with proxy advisory firm Institutional Investor Advisory Services India Ltd., or IiAS, to assess NSE
Nifty 100 Index companies based on ESG scores, and aims to invest in no more than 25. Global investment based on ESG strategies stood at
nearly $23 trillion at the end of 2015, according to the most recent data available from the Global Sustainable Investment Alliance,
published in a report sponsored by Bloomberg LP, the parent company of Bloomberg News
While sustainable investment is now well-entrenched in Europe and the United States , the concept is just getting off the ground in
index strategist at Morningstar Inc
in Chicago
Ltd
last year and is inspecting its books for audit lapses after a series of defaults by the conglomerate that roiled market sentiment
Housing Finance Corp
as a portfolio investing in sustainable assets, according to data compiled by Value Research Ltd
Quantum Asset Management Co
last week filed a draft with the capital markets regulator for an ESG fund, the Securities and Exchange Board of India website showed