Park Square Capital Joins Novata General Partner Advisory Committee to Advance ESG in Private Markets

Park Square Capital , one of Europe’s leading credit investment firms with approximately $13 billion in assets under management,  announced that it has joined Novata’s General Partner Advisory Committee (GPAC). Novata, a public benefit corporation backed by the Ford Foundation, Hamilton Lane, S&P Global and Omidyar Network, is the leading ESG data management platform built for the private markets. Novata provides customers with a clear ‘on-ramp’ for selecting ESG metrics, collecting data in a secure database, and aggregating data insights and analytics tools to inform investment decisions.

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“The firm’s experience and track record in the private credit space will be helpful as we continue to strategically build and scale our ESG data collection platform to best serve the private markets.”

The Novata GPAC, a group of the world’s leading private investment firms committed to ESG, provides critical guidance and recommendations to the Novata ecosystem on a range of issues, including effective ESG measurement and benchmarking tools. Park Square Capital is aligned with Novata in their mission to advance ESG data collection in the private markets.

With mounting pressure from regulators, investors, customers, and employees to increase data transparency, Novata’s platform, which is specifically tailored for private markets, is the simple first step for firms looking to tackle ESG data collection.

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“We are thrilled to have the opportunity to partner with Novata in support of their goal to enhance ESG data availability within private markets,” said Axel Wehtje, Partner and Chair of the ESG Committee at Park Square. “As a leading private credit provider, we believe in the importance of ESG integration and associated transparency by companies and investors and plan to use the insights from collected ESG data in our portfolio engagement, monitoring and reporting processes.”

“We are delighted to welcome Park Square Capital to the Novata GPAC,” said Josh Green, COO and Co-Founder at Novata. “The firm’s experience and track record in the private credit space will be helpful as we continue to strategically build and scale our ESG data collection platform to best serve the private markets.”

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