Petra Funds Group has launched Petra’s Outsourced ESG Director Services, a new offering to provide private equity and private credit managers with industry-leading Environmental, Social, Governance (ESG) and sustainability expertise.
Tamara Close, a former PSP Investments senior executive and consultant to asset managers, will join the firm to lead the offering in North America.
Petra’s Outsourced ESG Director Services provides private funds with an experienced ESG professional on a fractional basis who can operate as an extension of the firm. The offering is designed to complement firms with in-house sustainability executives as well as those without. It also includes launch advisory for sustainable and impact funds and end-to-end support with ESG strategy, diligence, value creation, portfolio monitoring, exit planning, and LP and regulatory reporting.
“We continue to see a demand from private funds for sustainability expertise in North America driven by