Ares Management selects Novata to support ESG data collection
NEW YORK & LONDON–(BUSINESS WIRE)–Novata, the leading ESG data management platform designed for private markets, today announced that certain Ares Management (“Ares”) direct lending strategies have contracted with Novata for certain services support for ESG measurement and analysis. Novata provides clients with a clear on-ramp to select ESG metrics, simple data collection, and data insights and analytics tools to inform investment decisions. Novata is a public benefit corporation formed by the Ford Foundation, Hamilton Lane, S&P Global, Omidyar Network and more than a dozen private equity firms and pension funds.
“Ares is aligned with Novata in our mission to advance ESG data collection in private markets,” said Alex Friedman, CEO and co-founder of Novata. “We look forward to supporting them on their ESG data collection journey as they seek to offer their clients enhanced tracking against their sustainability goals.”
“As a leader in direct lending, we believe in the importance of setting a strong standard for measurement and transparency as we further integrate ESG practices into our investment portfolios,” said Adam Heltzer, ESG Lead at Ares. “We are proud to be supported by Novata as we continue to evolve our approach to ESG data collection and reporting.”
With market participants’ continued focus on increasing data transparency, Novata’s platform, designed by the GP community, is the simple first step for private equity and credit firms looking to tackle ESG data collection.
Since launching Novata’s platform in April, Novata has also welcomed a range of private equity and credit firms to the General Partner Advisory Committee (GPAC) and has seen significant global demand for its data management platform. ESG.
To learn more about Novata and its ESG data management platform, visit www.novata.com.
Novata is a public benefit corporation created to enable private markets to achieve a more sustainable and inclusive form of capitalism. Novata helps private equity firms and private companies more easily navigate the complex ESG landscape by providing a technology platform that simplifies the process of selecting reporting metrics, provides clear and simple guidance for data collection painlessly, hosts a state-of-the-art secure contributory database to store data, and offers unique tools for analysis and transparent reporting to key stakeholders, including sponsors and regulators. Novata was created as a partnership between the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network and is majority controlled by mission-driven organizations and its employees. For more information, please visit https://www.novata.com/.
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About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager providing clients with complementary primary and secondary investment solutions across the asset classes of credit, private equity, real estate and infrastructure. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2022, Ares Management Corporation’s global platform had approximately $341 billion in assets under management, with approximately 2,500 employees operating in North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.