• Home
  • About Us
  • Contact
  • Subscribe
  • Your Account
  • Login
No Result
View All Result
Tuesday, May 30, 2023
Alternatives Watch
  • Home
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Home
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
No Result
View All Result
Alternatives Watch
No Result
View All Result

DSC Meridian launches ESG-focused credit fund

Susan BarretobySusan Barreto
April 8, 2021
in ESG, Hedge Funds, Manager News
ShareTweetShareSendSend
Paula Luff
Paula Luff (provided)

New York-based hedge fund firm DSC Meridian Capital launched a new distressed and event-driven credit fund focused on ESG and corporate engagement and hired Paula Luff as director of ESG research and engagement to lead the new investment effort.

The firm launched officially the Climate Action Fund (CAF), which combines the investment strategy of DSC’s established and well performing Credit Opportunities Fund with rigorous decarbonization standards, in a bid to provide an investment solution for asset owners concerned about climate change. Officials at DSC Meridian believe it is one of the first U.S.-based distressed and event-driven credit managers to analyze and incorporate ESG risk factors.

Founded by the former Head of Credit Research and Co-Portfolio Manager of the Paulson Credit Fund Sheru Chowdhry in 2018, DSC Meridian Capital has grown to roughly $400 million across a variety of niche credit plays. Officials declined to comment on AUM, but the CAF launched with $65 million and further commitments are thought to be taking the offering to over $150 million soon.

The firm’s flagship opportunistic, event-driven credit strategy is performing well, according to figures obtained by Alternatives Watch. DSC Meridian was up year-to-date through March 9.6% and in 2020 exceeded its benchmark with gains of 13.1%.

At Paulson, Chowdhry oversaw a multi-billion dollar credit portfolio through multiple credit cycles and led the creditor committees of some of the largest bankruptcies following the global financial crisis. At DSC, his goal is to integrate material ESG factors and pursues active corporate engagement to help shape positive ESG-related outcomes.

“Institutional investors are increasingly looking to partner with firms that not only provide investment alpha, what we refer to as ‘doing well,’ but also to deliver noticeable positive change with investments, or ‘doing good,’” said Chowdhry. “We believe issuers in the high yield universe are ripe for corporate engagement and we are delighted to have Paula join our team to drive corporate engagement efforts, which is so crucial to our mission.”

Luff, a veteran leader in developing and integrating sustainability programs at multi-national corporations in the pharmaceutical and energy industries, joins DSC Meridian from Inherent Group. She was in charge of the investment managers’ development of an ESG platform and led numerous corporate engagements.

Through corporate engagement, DSC Meridian hopes to enhance overall risk management, unlock idiosyncratic ESG value, and align portfolio companies with science-based climate standards set by the Paris Climate Agreement and UNPRI.

“Our firmwide ESG integration will draw on the Sustainability Accounting Standards Board (“SASB”) framework, proprietary screening through robust fundamental analysis, and detailed research on the issues we believe most impact valuation and creditworthiness,” said Luff.  “We anticipate that, as a team, our collective ESG and high yield investing expertise will allow us to effectively and meaningfully enact positive change in a universe of issuers that have been largely overlooked.”

ShareTweetShareSendSend
Previous Post

Texas Teachers adds opportunistic real estate fund

Next Post

Peak Rock ready to put $2bn to work in third fund

Related Posts

Activist investor Jana Partners blasts Freshpet board shake-up
Hedge Funds

Activist investor Jana Partners blasts Freshpet board shake-up

People moves for week of May 26
Hedge Funds

People moves for week of May 26

Chatham sounds warning on RYAM debt maturities
Hedge Funds

Chatham sounds warning on RYAM debt maturities

CPP allocates nearly $6bn to 2023 private equity vintage
Pensions

CPP allocates nearly $6bn to 2023 private equity vintage

Harrison Street partners for student housing
Real Estate/Infrastructure

Harrison Street partners for student housing

Next Post
Peak Rock ready to put $2bn to work in third fund

Peak Rock ready to put $2bn to work in third fund

Log In/Out

Search the AW Archives

No Result
View All Result

Recent News

Callan adds to Chicago team

Callan adds to Chicago team

April Manager Scorecard: Blockbuster private markets fundraising returns to kick off Q2

April Manager Scorecard: Blockbuster private markets fundraising returns to kick off Q2

Rhode Island adds to private assets

Rhode Island adds to private assets

Activist investor Jana Partners blasts Freshpet board shake-up

Activist investor Jana Partners blasts Freshpet board shake-up

Be an Alts Insider

Sign up for your FREE daily alts news briefing

Subscribe

Subscribe to AW
Alternatives Watch

© 2019-2022, All Rights Reserved  |  BMV Digital

Navigate Site

  • Investor News
  • Private Equity
  • Private Credit
  • Hedge Funds
  • Real Estate/Infrastructure
  • Subscribe
  • Your Membership
  • Terms of Service
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe

© 2019-2022, All Rights Reserved  |  BMV Digital

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Be an alts insider

Start your days in the know with our free newsletter

No, I don't want to be an alts insider

Thank

You!

Follow us
on LinkedIn

This Website Uses Cookies
We use cookies on our website to provide necessary functions. By clicking “Accept”, you consent to the use of all strictly necessary cookies.
Do not sell my personal information.
Cookie Settings Accept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Save & Accept
Powered by CookieYes Logo