Longing for the simplicity and purity of the past

About a month ago, I came across a Dutch profile of American Chris Zook, a partner of Bain & Company and writer, who lives in Amsterdam. What fascinated me was the following section in the interview:

Tijdens het schrijven van zijn laatste boek, ontdekten hij en zijn vrouw slaven te zijn geworden van hun bezittingen, gewoontes en verplichtingen. Dus werden veel plichtplegingen beëindigd en werd 60% van het bezit verkocht. ‘Dat werkte bevrijdend’, zegt Zook tijdens een telefonisch interview, ‘en is zeker voor herhaling vatbaar. Vroeger woonde ik met mijn ouders en broers en zussen in een klein huis in Massachusetts, voor vakanties was nauwelijks geld. Tegenwoordig hoef ik financieel gezien weinig te laten, maar ik blijf verlangen naar de simpelheid en puurheid van vroeger.’

- FD.nl, Advocaat van de eenvoud dankt Nederland

Responsible investment is a no-brainer!

Yes, I said that after a lively discussion as a panel member at the EVCA Responsible Investment Summit. A few days ago EVCA published the video interview online.

The EVCA caught up with Tim at the EVCA Responsible Investment Summit. He explained how, for example, energy saving techniques – which typically payoff in only two years – are the intelligent choice for private equity managers when they’re building better businesses.

Video interview at EVCA

The Limited Partner Magazine quoted me on saying:

“We are constantly thinking internally and [we look] to have a longer term view on how we can adapt our portfolio and our asset allocation. It is all very much still in the early stages,” he adds. Ultimately, though, he concedes that the application of these principles still rests with GPs. “It can be difficult, as I am pushing something that I have no control over. It is [GPs] that do the dirty work and are involved with the management of the portfolio companies. We try to ensure they do get their hands dirty and have the mechanisms and the governance in place when we evaluate the fund manager.”

- Article: LPs and corporate buyers drive ESG adoption (only accessible for subscribers)

Everyone’s welfare

May there be good fortune throughout the universe, may all envious persons be pacified. May all living entities become calm by practicing Bhakti-Yoga, for by accepting devotional service they will think of everyone’s welfare. Therefore let us all engage in the service of the Supreme transcendence, Lord Sri Krishna and always remain absorbed in thought of Him.

- Śrīmad Bhāgavatam 5.18.9

ESG Disclosure framework for Private Equity

The Dutch magazine P+ interviewed me on the recently launched ESG Disclosure framework for Private Equity:

“Het aantal pensioenfondsen dat deelnam zegt meer over het draagvlak om tot duurzaamheidsafspraken te komen. Tussen pensioenfondsen en private equity partijen bestaat ook een wederzijds belang. Duurzaamheid kan tot hogere rendementen leiden en verbetert ook hun reputatie.”
- Duurzaamheidsdeal pensioenfondsen en private equityfondsen

Riding along the Cote d’Azur

Riding Nice – Monaco – Ventimiglia – Monaco – Nice was a lot of fun and resulted in some great views over the Mediterranean. Though looking at this photo may let you think otherwise (Photo by Christoffer Leka). Now back to work on Monday.

Nothing better than…

Instagram Photo

…a recovery ride in the sun.