Private markets investment platform Titanbay is to partner with Apex Group to provide an ESG rating on all new funds added to the Titanbay platform.
Under the agreement, a consolidated ESG report will be made available to investors alongside other fund due diligence materials to provide assurances that selected funds meet the highest sustainability standards.
Apex’s ESG rating solution manages the independent collection and analysis of over 300 individual data points across over 70 sub-categories to create a consolidated view of relevant ESG information.
The platform is supported by a team of ESG experts who independently verify data and advise on improving ESG performance to mitigate risks and realise value creation opportunities.
For private banks and wealth management firms that partner with Titanbay to provide clients with access to leading private markets funds, these ESG reports will provide an additional means to advise their clients on the funds best suited to their investment aims and philosophy.
Alex Bozoglou, head of investments at Titanbay, said: “We know that ESG factors can be an important indicator of the financial success of a fund and that this information is routinely requested by large institutional investors. We, therefore, see it as a critical piece of the jigsaw in providing our investors with everything they need to invest with the same level of sophistication as the largest institutions.”
Since launching in July 2020, Titanbay has announced several partnerships. In August 2021, Titanbay launched a joint proposition with Mercer to provide a comprehensive private markets solution for wealth managers and private banks.
Andy Pitts-Tucker, managing director, Apex ESG Ratings & Advisory, added: “Apex ESG Ratings and Advisory was established to satisfy the urgent market need for an independent ESG service for private markets and their investors, to score, rate and benchmark funds.”
“The Titanbay team share our view that the accurate and independent capture, analysis and reporting of quality ESG data is now critical for private markets investors,” he said.
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