Bringing Ares on board further expands Novata’s client base reach into private credit
Novata, the leading ESG data management platform built for the private markets, today announced that select Ares Management (“Ares”) direct lending strategies have contracted with Novata for certain ESG measurement and analysis support services. Novata provides customers with a clear on-ramp for selecting ESG metrics, painless 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 the private markets,” said Alex Friedman, CEO & Co-Founder of Novata. “We look forward to supporting them in their ESG data collection journey as they seek to deliver their clients with enhanced tracking against their sustainability goals.”
“As a leader in direct lending, we believe in the importance of setting a robust standard of measurement and transparency as we further embed ESG practices within our investment portfolios,” said Adam Heltzer, Head of ESG at Ares. “We are proud to be supported by Novata as we continue to evolve our approach to ESG data collection and reporting.”
With continued focus from market participants to increase data transparency, Novata’s platform, designed by the GP community, is the simple first step for private equity and private credit firms looking to tackle ESG data collection.
Since Novata’s platform launch in April, Novata has also welcomed a range of private equity and credit firms to the General Partner Advisory Committee (GPAC) and has experienced significant global demand for its ESG data management platform.
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