| OTPP spinout targets global expansion at Glass Lewis, CalPERS exec is SPAC-wary Morning!
It's no news that ESG is among top priorities for private equity groups these days. But now we're seeing that there's also ways to invest behind its increasing importance in the broader ecosystem. Peloton Capital Management, the firm told PE Hub, sees a big opportunity to boost international exposure at the newly acquired Glass Lewis, as the second-largest proxy company after ISS witnesses growing demand for its ESG advisory and data services.
Not buying it: We’ve got SPAC lovers, SPAC haters, and everything in between. California Public Employees’ Retirement System, the US’s largest public pension, is wary of the special purpose acquisition company phenomenon. “It’s certainly something we’re keeping our eye on, but we certainly have reservations...
Read the full wire commentary on PE Hub...
That's it for me today! Enjoy the rest of your week, readers, and as always, hit me up with feedback, tips and your two cents on SPACs at springle@buyoutsinsider.com.
Also of note (may require subscriptions) First-timer: Avance Investment Management, formed by a group of executives who left Palladium Equity has collected about $425 million for a first close on its debut fund as one of few new firms raising capital through the pandemic. Read more on Buyouts.
Intersection of healthcare & tech: Israel-born Accelmed Partners secured $400 million in the close of a second buyout offering, confirming its 2015 decision to launch a US-focused healthtech strategy. Read it on Buyouts.
Pivoting: California Public Employees’ Retirement System leaned heavily into private equity co-investments and separately managed accounts in the final part of 2020, making good on a pledge to focus more on those structures as it seeks to reboot its $30.8 billion program. Check out more on Buyouts.
PE Deals 
They said it
“It is both an opportunity and a threat. It does give retail investors the opportunity to get to areas of the capital market that they weren’t able to get to. Conversely, it is an area that’s fraught with potential misalignment, potential governance issues. There are certainly challenges there.”
Today's letter was prepared by Sarah Pringle Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. 
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