NEW YORK--(BUSINESS WIRE)--Novata, a public benefit corporation backed by the Ford Foundation, Hamilton Lane, S&P Global and Omidyar Network, today announced that New York-based global private equity and venture capital firm Insight Partners has joined Novata’s General Partner Advisory Committee (GPAC). The leading ESG data management platform built for the private markets, Novata provides customers with a clear ‘on-ramp’ for selecting ESG metrics, painless data collection into a secure database, and data insights and analytics tools to inform investment decisions.
The Novata GPAC, a group of the world’s leading private investment firms committed to ESG, provides critical guidance and recommendations to the Novata ecosystem on a range of ESG issues, including effective ESG measurement and benchmarking tools. Insight Partners is aligned with Novata in their mission to advance ESG data collection in the private markets.
“Insight believes that proactive ESG management is consistent with our aims of supporting our portfolio companies in their scale up journeys and achieving superior risk-adjusted returns for our investors,” said Mike Hinkley, Senior Manager at Insight Partners. “In order to further our ESG objectives, we need to track accurate, comparable and actionable ESG data from our portfolio companies - so Insight Partners is proud to be joining the Novata GPAC to advance industry best practices for ESG data management.”
With mounting pressure from regulators, investors, customers, and employees to increase data transparency, Novata’s platform, specifically tailored for private markets, is the simple first step for firms looking to tackle ESG data collection.
“Novata is committed to providing our clients with effective ESG data collection and benchmarking tools to increase transparency in the private markets,” said Alex Friedman, CEO & Co-Founder of Novata. “We are grateful that Insight Partners is joining the Novata GPAC to ensure our solutions are informed by leaders in the field.”
Learn more about Novata’s GPAC here.
Novata is a public benefit corporation created to enable the private markets to achieve a more sustainable and inclusive form of capitalism. Novata helps private equity firms and private companies to navigate the complex ESG landscape more easily by providing a technology platform that simplifies the process of selecting reporting metrics, provides clear and simple guidance for painless data collection, hosts a cutting-edge secure contributory database to store data, and offers unique tools for analysis and seamless reporting to key stakeholders, including limited partners and regulators. Novata was formed as a partnership of 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 Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2022, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 700 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with right-sized, right-time practical, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.