Case Study: Bonaccord Capital Partners advances ESG data collection and reporting with Novata

Bonaccord Capital Partners achieves a 100% ESG survey response rate with Novata

Bonaccord Capital Partners, a $3.6 billion middle-market GP stakes firm, needed to advance its ESG program to better manage risk and meet the expectations of its LPs and partner sponsors. Their challenge was to move from a qualitative, firm-specific approach to collecting quantitative, comparable ESG data that could be tracked year-over-year. To solve this, they partnered with vendor Novata and leveraged its ESG platform and in-house expertise.

Novata helped Bonaccord develop a new framework of standards-aligned metrics and provided a seamless solution for data collection across its portfolio. This resulted in a 100% response rate to its ESG survey. The tangible benefits included achieving designation as an SFDR Article 8 fund, which was critical for fundraising with European LPs, and using the collected data as a significant differentiator in investment conversations and origination efforts.

Bonaccord Capital Partners