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USV jumping on the ESG bandwagon. LPs want/need to deploy capital into ESG, and USV is creating a fund to channel that excess liquidity. They will probably mask
by antr 6y ago
USV jumping on the ESG bandwagon. LPs want/need to deploy capital into ESG, and USV is creating a fund to channel that excess liquidity. They will probably mask climate-related investments, with pure tech investments. Very much replicating what other funds have done, but really not making an impact in this space. Nonetheless, for USV this is more AUMs, more fees. On returns, time will tell.
- jamest 6y agoYes, this falls in the bucket of ESG (Environmental, Social, and Governance) [1] Yes, there's a trend of investors seeking to deploy capital towards ESG (thankfully!) No, this isn't going to gussy up pure-tech with the 'climate' label. I say this as former-USV founder who is now a USV LP. I can also attest to how solid the humans at USV are. [1] https://www.investopedia.com/terms/e/environmental-social-and-governance-esg-criteria.asp https://www.investopedia.com/terms/e/environmental-social-an...
- boulos 6y agoJames, you’ve gotta update your profile :).