TBLI ASIA 2010 Jerome Tagger, Chief Operating Officer,  May 2010
The PRI is: <ul><ul><li>Voluntary and aspirational, set of principles grounded in fiduciary duty A tool kit for integratin...
730 signatories|$21 trillion AUM Growth in signatories and AUM
PRI signatories by type & region Signatories by type
PRI in Alternatives <ul><li>Define alternatives? </li></ul><ul><ul><ul><li>PE </li></ul></ul></ul><ul><ul><ul><li>Infrastr...
PRI in PE <ul><li>Initiated in 2008 – strong interest from Asset Owners </li></ul><ul><li>Challenge: defining practices in...
PRI in PE <ul><li>Output: LP Guide, Case studies </li></ul><ul><li>Ongoing - future output: </li></ul><ul><ul><li>Revision...
Next: PRI in Infrastructure <ul><li>To be Initiated in 2010 </li></ul><ul><ul><li>Where is infrastructure different from P...
Jerome Tagger jerome.tagger@unpri.org  May 2010
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Responsible Investment Approaches to Private Equity: What Do Investors Do?

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Jérôme Tagger, Chief Operating Officer - UN PRI - USA

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  • This is what the PRI ‘really’ is
  • Graph shows Growth in PRI signatories and AUM
  • Responsible Investment Approaches to Private Equity: What Do Investors Do?

    1. 1. TBLI ASIA 2010 Jerome Tagger, Chief Operating Officer, May 2010
    2. 2. The PRI is: <ul><ul><li>Voluntary and aspirational, set of principles grounded in fiduciary duty A tool kit for integrating ESG issues into investment processes </li></ul></ul><ul><ul><li>A global collaborative investor network </li></ul></ul><ul><ul><li>A forum for discussion and concrete action on long-term risk issues and value drivers </li></ul></ul><ul><ul><li>A Secretariat providing practical support </li></ul></ul>
    3. 3. 730 signatories|$21 trillion AUM Growth in signatories and AUM
    4. 4. PRI signatories by type & region Signatories by type
    5. 5. PRI in Alternatives <ul><li>Define alternatives? </li></ul><ul><ul><ul><li>PE </li></ul></ul></ul><ul><ul><ul><li>Infrastructure </li></ul></ul></ul><ul><ul><ul><li>Hedge funds </li></ul></ul></ul><ul><ul><ul><li>Commodities </li></ul></ul></ul><ul><ul><ul><li>Property </li></ul></ul></ul><ul><li>Question remains: how to integrate long term ESG challenges into investment processes </li></ul><ul><li>92 PRI signatories are specialist alternatives managers </li></ul>
    6. 6. PRI in PE <ul><li>Initiated in 2008 – strong interest from Asset Owners </li></ul><ul><li>Challenge: defining practices in a new asset class, learning from experience </li></ul><ul><li>Engaging the industry : </li></ul><ul><ul><li>Investors (LPs, GPs) </li></ul></ul><ul><ul><li>Industry associations </li></ul></ul><ul><ul><li>Stakeholders </li></ul></ul>
    7. 7. PRI in PE <ul><li>Output: LP Guide, Case studies </li></ul><ul><li>Ongoing - future output: </li></ul><ul><ul><li>Revision of LP Guide </li></ul></ul><ul><ul><li>IPO/Exits research </li></ul></ul><ul><ul><li>Academic research via PRI Academic Network </li></ul></ul><ul><ul><li>First RI - PE Conference: London 10 June 2010 </li></ul></ul><ul><li>See www.unpri.org/privateequity </li></ul>
    8. 8. Next: PRI in Infrastructure <ul><li>To be Initiated in 2010 </li></ul><ul><ul><li>Where is infrastructure different from PE? </li></ul></ul><ul><ul><li>What can we learn from multilateral or debt financing institutions? </li></ul></ul><ul><ul><li>What can we learn from investment banks/lenders? </li></ul></ul><ul><ul><li>What can we learn from governments? </li></ul></ul><ul><li>Three steps: </li></ul><ul><ul><li>Scoping current investor practices </li></ul></ul><ul><ul><li>Developing /updating relevant best practice tools </li></ul></ul><ul><ul><li>Engaging industry </li></ul></ul>
    9. 9. Jerome Tagger jerome.tagger@unpri.org May 2010

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