11/10/2021

LitCapital, growth capital fund focusing on investments into high-growth companies, become a signatory to the United Nations-supported Principles for Responsible Investment (the “UN PRI”), as part of its ongoing commitment to Environmental, Social and Governance (ESG) issues. LitCapital acknowledges the investment implications of ESG factors and pursues in incorporating these factors into its investment decisions.

LitCapital believes that ESG management is critical to achieve sustainable development. Therefore, LitCapital actively promotes ESG practices within its portfolio companies by supporting internal ESG practices and encourages to enhance ESG capabilities. By joining the PRI LitCapital emphasizes its duty to act in the best long-term interests of its investors and seeks to participate in creating a more sustainable ecosystem.

Šarūnas Šiugžda, Founder and Managing Partner at LitCapital said: “LitCapital has incorporated ESG considerations into its investment process for a long time. Joining the PRI is to help promote this philosophy in the investment community worldwide. As a leading private equity investor, we strongly believe that it is necessary to set a standard for responsible investing.”

“With a strong emphasis on stewardship, and close contact between the GP and company management, private equity is naturally suited to responsible investment. A systematic and informed approach to identifying and managing ESG issues across the portfolio will protect, and can significantly enhance, investment value. Responsible investment is also a marker of the operational excellence of the fund itself, demonstrating transparent and strategic fund management,” as commented by PRI.

LitCapital joins over 4,000 existing signatories to the Principles for Responsible Investment, including asset owners, asset managers and service providers, who collectively oversee more than US$121 trillion in assets under management.