Whilst Private Equity investment and Hedge Funds is effectively into pooled funds; as a Limited Partner our organisation will include relevant ESG terms into a Side Letter, where necessary. There is also due diligence undertaken on both Hedge Fund investments and Private Equity managers prior to investment. This includes how ESG factors are integrated into decision making and monitoring as well as restricted industries.
This is also the case for the Property and Infrastructure pooled fund investment. Where it is clear the management of the pooled fund does not include ESG integration, the investment will not be approved by the TelstraSuper Investment Committee.