Titanbay announces an ESG partnership with the Apex Group
By Joy Dumasia
Titanbay, the private markets investment platform for sophisticated investors, announces partnering with Apex Group to provide an ESG rating on all new funds added to the Titanbay platform. This score will provide investors with a robust, transparent, and independent measure of a fund’s ESG credentials to better inform investment decision-making.
Under the agreement, a consolidated ESG report will be made available to investors alongside other fund due diligence materials to provide investors with assurances that selected funds meet the highest sustainability standards. Apex Group’s pioneering ESG rating solution manages the independent collection and analysis of over 300 individual data points across more than 70 sub-categories to create a consolidated view of relevant ESG information.
By highlighting key gaps, Apex Group’s reports will help to initiate greater dialogue between fund managers and their investors and enable the tracking and improvement of ESG performance over time. Apex Group’s platform is supported by a team of ESG experts independently verify data and advise on improving ESG performance to mitigate risks and realise value creation opportunities.
For private banks and wealth management firms who partner with Titanbay to provide access to leading private markets funds for their clients, these ESG reports will provide an additional means to advise their clients on the funds that are best suited to their investment aims and philosophy.
Alex Bozoglou, Head of Investments at Titanbay, comments: “We’re delighted to join forces with Apex Group to offer our investors a greater understanding of how their funds stack up from an ESG perspective. This collaboration should not only add an extra layer of comfort for our investors but also start an important conversation with our funds in order to address any gaps identified by the analysis.
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.”
Andy Pitts-Tucker, Managing Director, Apex ESG Ratings & Advisory, comments: “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.”
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January 11, 2024