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Private Advisors, LLC

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Since 2012, Private Advisors has worked to educate fund managers on the importance of ESG considerations by requesting that each of its underlying managers recognize ESG through legal side letters .

In 2012, Private Advisors implemented the systemic inclusion of Operational Due Diligence ("ODD") as part of its primary fund investment process. ODD was established by the Hedge Fund team in 2009.

Private Advisors became a signatory to the UN PRI in 2014.

In 2015, Private Advisors introduced the programmatic use of an ESG Scorecard with up to 35 different criteria to evaluate value drivers and identify risks. Private Advisors believes the development and implementation of its ESG Scorecard is important differeniator in its due diligence process and is an early leader among its peers.

In 2018, Private Advisors became part of an internal working group to assist other New York Life Investment boutiques in the adoption of ESG considerations as part of their investment process. Two of these boutiques became signatories to the PRI in 2019 and are utilizing the Private Advisors framework to implement their ESG programs.

 


SG 09.2. Assets managed by PRI signatories (Private)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          Private Advisors frequently receives requests for copies of its ESG Manual and ESG Scorecards from clients, who wish to apply it as due diligence tool for their other investments.
        

Frequency of contribution

Description

          Since 2012, Private Advisors has actively worked to educate its underlying fund managers on the importance of ESG considerations as part of their investment process. Private Advisors continues to encourage those managers who are not signatories to the PRI to acknowledge the importance of ESG through side letters in its investment agreements. In addition, Private Advisors has used its proprietary ESG scorecard as part of its fund investment evaluation process since 2015.
        

Frequency of contribution

Description

          Investment and Operational Due Diligence professionals from Private Advisors regularly speak at private equity industry conferences.  This includes panels on terms and conditions, where governance is a key consideration, as well as due diligence best practices, where the importance of ESG considerations are discussed.
        

Frequency of contribution

Description

          Since 2012, Private Advisors has actively worked to educate its underlying fund managers on the importance of ESG considerations as part of their investment process. Private Advisors continues to encourage those managers who are not signatories to the PRI to acknowledge the importance of ESG through side letters in its investment agreements. In addition, Private Advisors has used its proprietary ESG scorecard as part of its fund investment evaluation process since 2015.

In addition, Private Advisors became part of an internal working group to assist other New York Life Investment boutiques in the adoption of ESG considerations as part of their investment process.
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

Since 2012, Private Advisors has actively worked to educate its underlying fund managers on the importance of ESG considerations as part of their investment process. Private Advisors continues to encourage those managers who are not signatories to the PRI to acknowledge the importance of ESG through side letters in its investment agreements. In addition, Private Advisors has used its proprietary ESG scorecard as part of its fund investment evaluation process since 2015.

In 2018, Private Advisors engaged in an ESG working group within New York Life Investments to encourage and guide other boutiques to become signatories of the PRI. As part of this education and implementation, Private Advisors shared its ESG Manual and ESG Scorecards with several other boutiques. Two of the boutiques became PRI signatories in 2019 and have utilized the Private Advisors framework to implement their ESG programs.


SG 11. Dialogue with public policy makers or standard setters (Private)


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