Private Equity Wire newsletter - "Schwarzman predicts post-pandemic supply chain reaction…"

Schwarzman predicts post-pandemic supply chain reaction…

Covid-19 and ESG are currently two of the hottest topics in the world of private equity – and finance in general – and that’s certainly reflected in this week’s newsletter.
James Williams reports on the thoughts of some of the key participants at the recent Bloomberg Invest Global digital summit, including Blackstone Chairman, CEO and co-founder Stephen Schwarzman who believes that lockdown measures introduced around the world to curb the coronavirus pandemic will prompt companies to diversify their supply chains to reduce their dependency on individual markets. Economist Nouriel Roubini, meanwhile, is predicting a post-coronavirus drop in temperature in the current cold war between the US and China, leading to de-globalisation and a de-coupling of China’s economy relative to the US.
Staying with the post-coronavirus theme, Nick Evans has news of the third private markets fund from Italian investment banking and asset management group Mediobanca. Launched in collaboration Russell Investments, the fund will employ a diversified strategy aimed at exploiting opportunities arising from the economic and financial dislocations caused by Covid-19.
We also have news of another launch, this time a new ‘evergreen’ PE fund of funds vehicle from MAPFRE, launched in conjunction with Abante and Altamar. The Spanish insurance group is committing equity totalling EUR250 million to the new fund which is open to co-investments from other institutions.
And on the responsible investing front, we look at a new survey by corporate and fund solutions provider Intertrust which reveals that almost 90 per cent of PE investors plan to step up their efforts to manage and measure ESG performance in their portfolio companies over the next two years. Almost half though, have concerns that using their own proprietary ESG scoring methodologies will leave them open to accusations of 'greenwashing'…
Private Equity Wire

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