Publicação
The state of ESG in European private equity buyouts: an analysis of GP integration and its link to fund performance-measuring impact in sustainable investments enhacing metrics and compliance for company X sustainable allocation funds
| Resumo: | This study empirically tests the link between ESG integration and financial performance using a sample of 624 European buyout funds from Preqin. A nuanced GP-level ESG integration score was constructed to move beyond binary labels. While multivariate regressions show no significant overall performance effect, subgroup analysis reveals a strong, negative association between ESG commitment and realized returns for liquidated and early-vintage funds. These findings indicate the ESG-performance relationship in private equity is not uniform but highly context-dependent, with traditional drivers like fund size and GP scale remaining dominant predictors of performance. |
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| Autores principais: | Schneider, Rafael |
| Assunto: | Private equity ESG Financial performance Sustainable finance CEMS MIM |
| Ano: | 2025 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso embargado |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| Resumo: | This study empirically tests the link between ESG integration and financial performance using a sample of 624 European buyout funds from Preqin. A nuanced GP-level ESG integration score was constructed to move beyond binary labels. While multivariate regressions show no significant overall performance effect, subgroup analysis reveals a strong, negative association between ESG commitment and realized returns for liquidated and early-vintage funds. These findings indicate the ESG-performance relationship in private equity is not uniform but highly context-dependent, with traditional drivers like fund size and GP scale remaining dominant predictors of performance. |
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