Impact / Climate Private Equity - Information

Hi all,

I’m attracted by Impact / Climate Private Equity as feel it would give me greater fulfilment to know I’m not just contributing to the investors’ pockets but also (partially) to a greater good / a broader topic. Something like TPG Rise would be the perfect fit as they have both the stability of a bigger platform and the impact element.

Could any of you working in / knowledgeable about the field share with me resources / pieces of information that you feel would help me know more about it? Why did you go into it? Anything you feel is helpful context would be great, in general trying to inform my choice and also my points in a potential interview.

Thank you in advance.

7 Comments
 

Based on previous WSO threads, here are some insights and resources on Impact/Climate Private Equity:

Resources and Information:

  1. Networking and Word-of-Mouth:

    • Talk to as many people as possible in the field to hear about opportunities that come through word-of-mouth.
    • Connect with headhunters in case an opportunity arises.
  2. Reading and Research:

    • Look for firms that are under the radar within the traditional finance industry by reading impact investing news.
    • Read comprehensive research reports on the sub-industry that the companies are from.
  3. Daily/Weekly Digest Sources:

    • Morning Brew
    • PE Hub Wire
    • PE Professional
    • Pitchbook News
    • The Broadsheet
    • The New York Times
    • The Water Coolest
    • theSkimm
    • Wall Street Journal
    • Women's PE Briefs
  4. Technical Skills:

    • Make sure you know how to use CapitalIQ (check if your university has a subscription).

Why Go Into Impact/Climate Private Equity:

  • Fulfillment: Many professionals are drawn to this field because it offers the opportunity to contribute to a greater good beyond just financial returns.
  • Stability and Impact: Firms like TPG Rise offer the stability of a larger platform while also focusing on impactful investments.

Interview Preparation:

  • Know Your Deals: Be prepared to discuss any deals you have worked on in detail.
  • Understand the Industry: Read initiating coverage reports on companies involved in your deals and take notes.
  • Competitive Edge: Make yourself as competitive as possible by having the right combination of investment and impact experience.

Additional Tips:

  • Networking Events: Attend webinars and networking events, and see if your coworkers can forward you invites.
  • Stay Informed: Skim through the daily/weekly digest sources to stay updated on relevant news and trends.

These resources and tips should help you get a better understanding of Impact/Climate Private Equity and prepare you for potential interviews. Good luck!

Sources: Private Equity Interview Questions - 13 Topics to Know, Social impact investing: Doing well - by doing Good, Q&A: VP in Private Equity (Growth Equity + LBO)...Post-MBA...Formerly IB Analyst, Impact / Climate Investing?, How to break into Real Estate Private Equity (w/ 0 RE Knowledge)

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Most Helpful

I went into it because I didn’t know what I wanted to specialize in post-banking, wanted the MF prestige/pay, but didn’t want to hate my life and grind nonstop. In general I think the people working in impact are more genuine, though you have to make sure they actual care about the impact and it’s not just greenwashing. Better people = generally better culture = generally better WLB.

I also like that the impact angle is something we screen opportunities on, so I’m not having to look at everything like friends in MF/MM buyout. Like some stuff is just outside out mandate/gets kicked to our other funds.

And obviously having an impact makes me feel better about what I’m doing, though I’m just an associate so you don’t really see the impact of the companies/work as much.

 

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