2008-10-08 12:15:04 -
- PCG Asset Management (PCG AM), a leading private equity consultant, announced today that the firm has become a signatory for the UN Principals for Responsible Investment (UN PRI).
The UN Principals for Responsible Investment provide a framework by which institutional investors can evaluate their portfolios to ensure that all risks are appropriately assessed, including those related to environmental,
social and governance issues (ESG). UN PRI signatories comprise asset owners, investment managers and professional services partners and represent more than $15 trillion in assets under management.
PCG AM Managing Director Michelle Davidson will also represent the firm on the recently formed PRI Private Equity Work Stream Steering Committee (PEWS-SC) which expands the efforts by signatories to better understand how to implement the PRI across different asset classes.
"Our commitment speaks to a growing trend within the investment community and we believe the incorporation of socially responsible investment practices will generate consistently higher returns over the long-term," said Michelle Davidson. "As both an experienced private equity investor and as an advisor to many of the world's largest public pension funds that are PRI signatories, PCG AM is uniquely positioned to help shape the application of these principles within the private equity industry."
About PCG Asset Management, LLC
PCG Asset Management (PCG AM) is an independent, multi-platform provider of private equity management and advisory services. For nearly two decades, the Company has been providing innovative, customized solutions to sophisticated institutional investors, including some of the world's largest public pension funds. PCG AM is focused exclusively on private equity, and has deployed over $27 billion in capital since inception through advisory and discretionary arrangements. With over 45 professionals, PCG AM invests and operates globally through offices in San Diego, Boston and New York. The firm will open an office in Singapore in early 2009. For more information, visit www.pcgam.com.
PCG Asset Management, LLC
Meghan Houlihan, Corporate Communications
858.456.3106