RESPONSIBLE INVESTING

It is the integration of Environmental, Social & Governance (ESG) criteria into mainstream investment decision-making. Often used as an umbrella term, responsible investment encompasses a range of approaches and investment options, from exclusionary screens to targeted investments to active ownership strategies.

Key Characteristics

HEARTLAND RESPONSIBLE INVESTING BLOG

In the heart of Pittsburgh’s Strip District, union pension funds are the stimulus for a $105 million redevelopment project that will revamp the largely vacant 1600-foot-long, 157,237 square-foot Pennsylvania Railroad Fruit Auction & Sales Building and surrounding area. Landon Butler’s original MEPT Fund (Multi-Employer Property Trust), a core fund with assets of $10 billion, is the lead investor. MEPT is now a part of BentallG...

November 13, 2019

Move over Silicon Roundabout; London’s new tech destination is King’s Cross. The area directly around King’s Cross and St Pancras stations has become a hub for tech giants and startups alike – as well as notable academic and cultural institutions.

Last year, Google started building its new “landscraper” London headquarters in King’s Cross. The structure, designed by Bjarke Ingel Group and Heatherwick Studio, will be longer than...

October 30, 2019

Dear US Signatories,

Since its inception, the Principles for Responsible Investment (PRI) has prioritized a market-led evolution toward long-term responsible investment. PRI remains committed to active, ongoing engagement with signatories regarding significant matters affecting financial markets including environmental, social and governance (ESG) issues.

Today the evidence of the urgent need to address sustainability issues,...

Investor confidence in the principles of ESG investing appeared to wane in 2019. Recent survey data show that a greater portion of respondents predict that their ESG investments will underperform their non-ESG portfolios. The survey, conducted by RBC Global Asset Management and which polled almost 800 investment professionals across a diverse group of industry participants, gave further insights into a possible growing skeptic...

October 29, 2019

WASHINGTON — A secret agreement has allowed the nation’s homebuilders to make it much easier to block changes to building codes that would require new houses to better address climate change, according to documents reviewed by The New York Times.

The written arrangement, in place for years and not previously disclosed, guarantees industry representatives four of the 11 voting seats on two powerful committees that approve buildi...

New ESG bills pending in Congress represent a potentially significant and step-wise change in the status quo with regard to federal regulation, Kirkland & Ellis’s Ali Zaidi says in Part 2 of a series on ESG regulation. Together, they show the readying of a new playbook that looks more like what investors have become familiar with in Europe and Japan.

Increasing interest in sustainable investment has spurred a growing community...

October 28, 2019

The U.S. is witnessing a growing state-level patchwork of regulations designed to spur sustainable ESG investments. In Part 1 of a two-part series on ESG, Kirkland & Ellis’s Ali Zaidi says while federal regulators are fairly silent, states seem eager to fill a regulatory signaling void—becoming the stateside regulators to listen to on ESG matters.

Discerning investors and fund managers can finally hear stateside regulators sign...

October 16, 2019

NEW YORK, Oct. 16, 2019 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that the first and final closings of KPS Special Situations Fund V ("KPS Fund V") and KPS Special Situations Mid-Cap Fund ("KPS Mid-Cap") were simultaneously held on October 15, 2019. KPS Fund V and KPS Mid-Cap, with $7.0 billion in total investor capital commitments, will both focus on control investments in highly complex corporate carve...

October 15, 2019

NEW YORK--(BUSINESS WIRE)--Today, Blue Wolf Capital Partners (Blue Wolf), a New York-based private equity firm, announced the acquisition of Kirlin Design Build, LLC (KDB), one of the country’s leading engineering and construction companies focused on large, complex federal and private sector projects. Management has partnered with Blue Wolf in this investment to enable KDB to execute on its ambitious strategic plans with a de...

October 14, 2019

Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition of Vigor Industrial LLC and MHI Holdings LLC. 

In addition, Carlyle and Stellex announced they have appointed Jim Marcotuli as CEO of the newly created company comprising Vigor and MHI, effective today.

Marcotuli brings more than 30 years of leadership experience in the...

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Raquel Palmer is a Managing Partner of KPS Capital Partners, LP, Chairperson of its Investment Committee and member of its Management Committee.  KPS Capital Partners, LP is the manager of KPS Special Situations Funds, a family of private equity funds with approximately $5.4 billion of assets under management focused on making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. [READ MORE]

Champions
KPS
Ullico
Partners
AFL-CIO HIT
Blue wolf
USW
CORPaTH
Advocates

Sleigh Strategy, LLC

Supporters

Robert Samuel

Washington Circle
AFL-CIO
Labor Capital Summer Fellowship:
Sponsors & Hosts
KPS
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Ullico
Blue Wolf
PCA
HIT
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KNOWLEDGE CENTER

Heartland has aggregated lists of responsible investment friendly organizations, global best investment practices, and a glossary of relevant terms.

 

CONNECT WITH HEARTLAND

Tel: 412.342.0534 | heartland@steelvalley.org

1112 S. Braddock Avenue, Pittsburgh, PA  15218

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