PDI Picks – 7/5/2021

Driving forward on ESG, but acceleration needed


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Private debt managers have made considerable progress but, particularly in North America, there is more to be done.

Today any private debt manager underplaying the importance of environmental, social and governance issues might expect short shrift from any investor they approached for capital. However, it wasn’t always that way. Travel back in time five or ten years and you might have found a receptive audience for the argument that debt providers should sit passively in the back seat, allowing the likes of management teams and private equity firms to deal with thorny issues like ESG from their position in the front seat.