Charollais is a signatory to the UN Principles of Responsible Investing, which provide a framework for involving environmental, social and governance (ESG) factors in both the process of evaluating investments and also the practices of reporting to investors.
The UNPRI, which sets out six principles for investment managers to consider in making investment decisions, currently has nearly 1,700 signatories, from over 50 countries, representing approximately US $62 trillion in assets under management (AUM).
At Charollais, we focus on a particular area within the “S” (social) factor, namely the impact of the investment on the creation or destruction of jobs. Many segments of the Private Equity industry have proved to be not only the best allocators of labor resources, but also significant net job creators as well.
We believe that private equity investing, in general, and the Search Fund strategy, in particular, can make a powerful, positive impact on both the companies acquired and the surrounding communities through the creation of new jobs and the preservation of employment opportunities that might have otherwise been lost.