Diana Marszalek 22 Jun 2021 // 9:34PM GMT
NEW YORK — With heightened focus on companies promoting social good, Prosek Partners has acquired a stake in Blue Dot Capital to boost its ESG offering.
For the last two years, Prosek has been partnering with Blue Dot, tapping the sustainable finance consultancy’s expertise in ESG and impact investing. Over that time, the firms have helped Prosek’s financial and professional services clients develop, expand, and communicate their ESG commitments and programs.
Formalizing the partnership will allow both firms to offer the full spectrum of ESG services including policy, government, integration, investment strategy, and marketing and communications.
"Every asset manager we represent has committed to ESG both at the corporate and the product level,” said Prosek CEO and managing partner Jennifer Prosek. “We have developed a team that can build and measure the investment programs and also communicate them to stakeholders. Blue Dot will expand Prosek's already robust ESG offering to include strategic ESG and impact investment program advisory.”
Blue Dot’s founding partner Sharadiya Dasgupta said: “Climate change and shifting socio-economic dynamics are rapidly changing how capital deployment decisions are made. We look forward to working even more closely with Prosek Partners to bring a differentiated, one-stop ESG advisory offering for investment managers so that they can address these changes and lead during this vital transition to a more sustainable and climate-resilient approach to business. This partnership enables Blue Dot to deepen our sustainable investment and net zero research capabilities.”