For over 20 years and throughout multiple market cycles, MidOcean Partners has established a proven track record of consistently creating value through innovative capital solutions across the private equity and credit markets. MidOcean joined the Net Zero Asset Managers Initiative in November 2021 and made its Initial Target Disclosure in March 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
15% of total AUM (USD $1.5 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
15% of our assets under management across the entire MidOcean platform (across credit and private equity) setting a Science Based Target.
50% of our assets under management across the entire MidOcean platform (across credit and private equity) setting a Science Based Target.
GHG scopes included:
Coverage will include Scope 1 and 2. The intention is to include in coverage Scope 3 over time as this data becomes more readily available.
IPCC special report on global warming of 1.5°C
Proportion of AUM committed:
Given limitations around quality and availability of data as it relates to certain asset classes in our portfolios, we have opted to initially focus on the portion of our portfolios for which data availability and quality is sufficient. We expect to see an increase in proportion of AUM committed to this initiative over time as data quality and availability grows.
Policy on coal and other fossil fuel investments:
We are currently evaluating the best approach as it relates to alignment between our commitment to NZAM and fossil fuel investments.
guided by Science Based Target initiative for Financial Institutions