Europe-based and private equity funds dominate ESG fundraising, while impact investing gains traction in North America SINGAPORE, June 21, 2023 /PRNewswire/ Today Preqin, the global leader in alternative assets data, tools, and insights, published its annual environmental, social and governance (ESG) report: ESG in Alternatives 2023. The report provides the latest insights within the private markets covering developments on fundraising and fund size for ESG across geographies. The report shows that has been a three-fold increase in annual capital raised between 2020 and 2022, rising from $29bn to $92bn. Of this, Europe-based ESG funds are the most prominent, having secured over three quarters (79%) of aggregate capital, followed by 14% in North America and 7% in APAC. Recent years of fundraising growth have seen average ESG fund size dial up from $400mn in 2017 to closer to $600mn in 2022. Whether ESG helps drive longer-term returns remains a contentious issue. According to Preqin an
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