David Lanning, who is leading the ‘Next Generation’ fund, said it “brings the pioneering impact work undertaken by private equity investors to public emerging markets, where we believe there is much more scope for impact”.Semi-permanent capitalAsked to expand on how Arisaig makes a difference to investee companies’ impact, Lanning said: “As patient, constructive, long-term minded investors, we believe we can provide positive impact businesses with an important base of semi-permanent capital from which to expand revenues and impact at a sustainable pace for many years to come, freed from the arbitrary timescales and exit requirements which often accompany private investors.“Our selective approach and low portfolio turnover allows us to develop in-depth knowledge of target companies,” he added. ”The longevity of our relationships with them and the experience and networks we have developed from 24 years operating in emerging markets give us the opportunity to make a meaningful contribution to improving and growing impact via collaborative engagement.”“Investors who increasingly seek to maximise positive impact alongside financial returns should prioritise emerging and frontier markets”Rebecca Lewis, Arisaig’s managing partnerLanning will be supported by Lillian Wang, a former impact consultant who joined Arisaig this year and will be the fund’s impact assessment and engagement director.Rebecca Lewis, Arisaig’s managing partner, referred to “nudging” the investor’s holdings towards the most sustainable trajectory for maximising long-term financial returns.“Investors who increasingly seek to maximise positive impact alongside financial returns should prioritise emerging and frontier markets, where population sizes and scope for impact are greater,” she said.Earlier this week IPE reported that Somerset Capital had launched an emerging markets fossil fuel-free fund, driven by Swedish buffer fund AP1.Looking for IPE’s latest magazine? Read the digital edition here. Emerging market investment boutique Arisaig Partners has launched a public markets impact fund, with the strategy understood to include seed money from a Scandinavian pension fund.Arisaig’s fund will feature a concentrated portfolio of around 25 companies, from an investment universe of about 150.They are selected based on an analysis of a company’s investment case – expected financial returns over a 20-year horizon – and impact case, which uses the Impact Management Project’s five dimensions of impact framework, as well as a governance checklist and environmental and sustainability risk assessments.In addition, companies are scored on three impact dimensions – reach, criticality and effectiveness.
Associated Press — The Pittsburgh Steelers have picked up the fifth-year option on All-Pro outside linebacker T.J. Watt. Watt, Pittsburgh’s first-round pick in the 2017 draft, is coming off a stellar 2019 in which he had 14 1/2 sacks and was selected to the Pro Bowl for the second time.— The Denver Broncos have agreed to terms with unrestricted free agent defensive lineman Christian Covington on a one-year contract. Covington played for the Dallas Cowboys last year after spending four seasons with the Houston Texans, who selected him in the sixth round of the 2015 NFL draft. Covington started a career-high six games for the Cowboys and had a personal-best 28 tackles. — The Chicago Bears signed defensive tackle John Jenkins. Jenkins appeared in 16 games and made five starts for Miami last season, getting one sack. He has also played for New Orleans, Seattle, Chicago and the New York Giants since he entered the league in 2013. — The 2021 NFL draft will be held in Cleveland from April 29 to May 1. The dates were announced following the completion of a unique, stay-at-home draft that went smoothly despite logistical obstacles due to the COVID-19 pandemic. TV ratings soared over the weekend as fans soaked in every moment. The NFL officially awarded Cleveland the 2021 NFL draft last year. The Browns will be celebrating their 75th anniversary next year. Details are still being finalized, but the draft will be held at locations around FirstEnergy Stadium and the Rock & Roll Hall of Fame.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-NASCARNASCAR race may take place in Charlotte without fansCHARLOTTE, N.C. (AP) — The governor of North Carolina says NASCAR can hold the Coca-Cola 600 without fans at Charlotte Motor Speedway at the end of May if health conditions do not deteriorate in the state. — The 2021 PGA Championship at Kiawah Island’s Ocean Course is delaying the start of ticket sales until August. Tickets were originally set to go on sale to those who registered online in May. Instead, PGA Championship tournament director Scott Reid said that with the world grappling with the coronavirus pandemic it was not appropriate to ask potential spectators to make purchasing decisions at this time.— The Atlantic Coast Conference will bring its men’s basketball tournament back to Greensboro, North Carolina in 2023 after this year’s tournament there was canceled near the midway point due to the coronavirus pandemic. The ACC is headquartered in Greensboro, which has hosted the tournament 27 times, the most of any location.MLB-ORIOLES-MANCINI CANCEROrioles 1B Mancini expects to miss season to treat cancerBALTIMORE (AP) — Orioles outfielder Trey Mancini is undergoing chemotherapy for stage 3 colon cancer and expects to miss the season if major leaguers return this summer. April 28, 2020 Update on the latest in sports: Colquitt posted a farewell on Instagram late Monday in which he said that “all things come to an end, sometimes sooner than you hoped, prayed and pleaded for them to.”A person familiar with the team’s decision confirmed it to The Associated Press on condition of anonymity Tuesday because it had not been announced.Colquitt stopped short of saying he was retiring. He turns 38 next month.In other NFL developments:— A person familiar with the deal tells The Associated Press that free agent wide receiver Rashard Higgins has agreed to a one-year contract to stay with the Cleveland Browns. Higgins clashed with former Browns coach Freddie Kitchens last season. A fifth-round pick in 2016, Higgins had only four catches for 55 yards last season as he also dealt with a knee injury. In 2018, Higgins had 39 receptions for 572 yards and four touchdowns. Mancini had a malignant tumor removed shortly before turning 28 on March 18. Writing a first-person article for The Players Tribune, the 28-year-old says has been undergoing chemotherapy since April 13. He says the treatment will take six months and expects to make a full recovery.Mancini hit .291 with 35 homers and 97 RBIs for last-place Baltimore in 2019.NFL-CHIEFS-COLQUITTKANSAS CITY, Mo. (AP) — The Kansas City Chiefs are releasing two-time Pro Bowl punter Dustin Colquitt.Colquitt’s 15-year career with the Chiefs allowed him to set numerous franchise records, including the most games played and most postseason appearances. Gov. Roy Cooper says he and state public health officials have had discussions with NASCAR and the speedway. Cooper says he believes the race can go forward on Memorial Day weekend for the 60th consecutive year.NASCAR, like other sports, has been shut down for weeks because of the coronavirus pandemic.In other virus-related developments:— Athletes in track and field can apply for money from a $500,000 fund to help them get through the coronavirus pandemic. World Athletics and the International Athletics Foundation have launched the fund to help athletes who have lost income because competitions are suspended.— Texas Tech athletic director Kirby Hocutt says the school will cut nearly $7 million from the athletic budget in the upcoming school year, including eliminating performance bonuses for himself and Red Raiders coaches. Hocutt told A-J Media in Lubbock, Texas that deeper cuts may be needed if college football can’t play a full season.