The latest developments in the ESG space.

Quilter Cheviot
UK-based Quilter Cheviot is rebranding its sustainable investment funds, formerly known as Climate Assets, as Quilter Cheviot Sustainable Opportunities.

The firm is adopting the “Sustainability Focus” label – effective 8 September – as part of the Financial Conduct Authority’s Sustainability Disclosure Requirements (SDR) regime.

The funds were launched in 2010 and managed by Claudia Quiroz.  She is supported by deputy Caroline Langley, Harry Gibbon and the Quilter Cheviot sustainable investment team.

“The FCA’s Sustainability Disclosure Requirements represent an important development for the industry, helping to improve transparency and enabling investors to identify those with a credible approach to sustainable investment,” Quiroz said. “The label recognises the robust management and processes that were already in place and our tried and tested sustainable investment philosophy, and this will not change.”

Caroline Langley, deputy manager of the funds, added: “Sustainable investing has had its ‘coming of age’ moment as labelled funds bring clarity and confidence, there’s a credible approach. Sustainable Opportunities as a name better conveys how sustainability is hardwired into the funds’ objectives, helping with consumer understanding, a key element in producing good client outcomes.” 

Tikehau Capital 
Tikehau Capital, a global alternative asset manager has announced a capital raise for its portfolio company Egis. This transaction marks the launch of Tikehau Capital’s first private equity continuation fund dedicated to Egis, with a size exceeding €1 billion ($1.17 billion).

Egis is a global leader in architecture, consulting, engineering, construction and mobility services. 

The investment firm said the fund aims to support Egis’ growth and accelerate its global development, particularly through strategic acquisitions.

This investment is backed by the second vintage of Tikehau Capital’s flagship private equity decarbonisation strategy, as well as a group of investors including co-lead investors, such as a consortium comprising Apollo S3 and a wholly owned subsidiary of the Abu Dhabi Investment Authority and Neuberger Berman (managed funds on behalf of clients).

This transaction marks the fourth investment made through the second vintage of Tikehau Capital’s private equity strategy dedicated to decarbonisation. With this transaction, the second vintage has surpassed €2 billion in capital raised, just one year after its first closing, reaching a size 1.5 times larger than its predecessor.