(upbeat music)
-: The last several years,
we've seen a really remarkable transformation
in the richness of sustainability data.
EDCI has been a really big part of that.
-: To get real ESG insights into our portfolio,
we need the same ESG data points
from as many GPs as possible.
And for that, we need a standardized,
internationally recognized framework.
The EDCI has become that framework.
-: Our hypothesis is that companies that can harness that
to get a better look at how they stack up
against their peers
and against the markets that they're serving, those
companies are going to have a real competitive advantage.
-: The EDCI is uniquely positioned
to solve a collective action problem.
We are doing something together
that we could not do individually.
-: And so EDCI inspires me,
because it is the best of what happens
when we come together to collaborate,
because that collaboration actually unlocks competition.
-: TowerBrook is proud to be a founding member of the EDCI.
We were inspired by the vision
of the entire private equity industry coming together.
GPs, LPs, buyout firms, middle market investors,
U.S., European, and Asian investors,
we are all united through EDCI to align
around the measurement of core ESG metrics.
-: We have been a member of EDCI since the outset.
We're very interested in the automation aspect
and GP to LP exchange.
We think that this creates an efficiency for both sides,
and hopefully drives optimization
and allows us to focus on what we should be focusing on,
which is value creation in our portfolio.
-: ESG performance data is very important
to our pension clients' responsible investment goals,
and EDCI has unlocked that data for us.
And now through the GP to LP transfer functionality,
as a premium member, we're able to easily
and securely request the data from our GPs.
And through that improved data-sharing functionality,
we're achieving significant efficiency gains.
-: Premium membership offers tangible benefits
for TowerBrook. For example,
access to the like-for-like benchmark
has helped us identify value-creation opportunities
in our portfolio.
We also look to the functionality of the premium membership
to enable better data sharing and transparency with our LPs.
-: BCG brings incredible consulting
and organizational expertise, along with the data skills
of their Expand team, which helps us clean, aggregate,
and create this benchmark
of more than 6,000 private companies,
which is an incredible undertaking
that, as a volunteer organization,
we wouldn't have been able to do on our own.
-: BCG is supporting the ESG Data Convergence Initiative
to bring the best of our capabilities
to support the private markets in driving convergence
around meaningful sustainability metrics.
We're delighted to bring the best of our bespoke analytics,
custom benchmarks, and core data-sharing functionalities
to help investors truly understand
their current performance
and where sustainable value creation
will occur in the future.