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Bridge House Advisors and Novata Partner to Accelerate ESG Adoption in Private Markets

Investing Sustainable Business

Bridge House Advisors and Novata Partner to Accelerate ESG Adoption in Private Markets

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Partnership aligns the best-in-class consulting firm and technology platform to support clients’ ESG strategy, data collection, and outcomes.

Novata, the leading ESG data management platform built for the private markets, and Bridge House Advisors, an environmental and ESG/sustainability advisory firm, announced a strategic partnership to advance ESG progress and adoption in the private markets. After a thorough market review, Bridge House has identified Novata as a provider of choice for clients in the private markets space to help them collect, manage and analyze ESG data.

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. Founded with the mission to help enable a more sustainable and inclusive form of capitalism, 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.

“Numerous Novata clients have found Bridge House to be a best-in-class partner to advise on their ESG programs through the entire fund investment lifecycle, pre-investment due diligence for new transactions, and post-close corporate services,” said Scott Kennedy, Co-Founder and President at Novata. “We are pleased to now systematically enable Novata clients to leverage Bridge House’s expertise across the full range of GP’s ESG needs and ultimately improve these outcomes.”

Bridge House Advisors was founded in 2017 to provide investors and businesses with strategic environmental and sustainability insights to help them be more resilient and competitive. Bridge House believes ESG excellence is a proxy for good business.

See related article: Novata and S&P Global Market Intelligence Announce Strategic Partnership to Enable Collection and Management of Financial and ESG Data for Private Market Investors

“Novata’s technology platform has proved a valuable addition to our processes, as it allows Bridge House teams to spend less time managing and collecting data and more time helping GPs determine how to improve performance,” said Jeff Gibbons, ESG Business Advisor at Bridge House Advisors. “More broadly adopting Novata’s technology across our client base is good for Bridge House, good for our clients, and ultimately good for society and the planet.”

With mounting pressure from regulators, investors, customers, and employees 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. Together, Bridge House and Novata will offer clients the guidance and solutions needed to help make real traction and progress on ESG initiatives.

“Leveraging both Bridge House & Novata’s expertise helped drive and enhance the most important output of any ESG program: positive change at portfolio companies,” said Tim Poché, Chief Financial Officer & Chief Operations Officer at Bernhard Capital Partners. “Novata’s technology allowed the Bridge House team to re-allocate time and resources from managing data to interpreting data and setting goals to help us drive change. We could not be happier with the results for all of Bernhard’s stakeholders.”

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.

Source: Bridge House Advisors

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