PRI seeking consultant to develop private equity reporting and monitoring guidance

February 06, 2017  

PRI limited partner (LP) signatories are required to report ESG incorporation practices for the three stages of selecting, appointing and monitoring their private equity managers. The PRI private equity programme aims to enable LPs to drive the responsible investment agenda in an industry-consistent way through the construction of three standalone tools that will support these practices.

In 2015, the PRI and private equity association partners published the LP Responsible Investment Due Diligence Questionnaire as the “selection” tool and as the industry standard for LP ESG-related due diligence.

The PRI is in the process of finalising and publishing an advisory document for LPs on how to articulate and refine ESG provisions in fund terms as the “appointment” tool.

As the third step, the PRI will appoint an external consultant to work in partnership with PRI signatories and industry association partners in the development of a “monitoring” tool – guidance for LPs and general partners (GP) on how to report on and monitor the ESG integration practices of GPs during the lifetime of the fund.

The LP Responsible Investment DDQ built upon Section 1 of the ESG Disclosure Framework for Private Equity, Disclosures during fund-raising, and this reporting and monitoring guidance should build upon Section 2, Disclosures during the life of a fund.

Please see this Request for Proposals and distribute to any contacts that might be interested. This project offers an excellent opportunity to work with PRI signatories and provide a major piece of guidance for which there has been great industry demand. Those interested in applying for the commission should contact Natasha Buckley, manager of the PRI private equity programme, for more information. 

Proposals should be submitted by Wednesday 1 March and the shortlisted candidates will be interviewed by Natasha Buckley and members of the PRI Private Equity Advisory Committee in March.