Bridge House Advisors and Novata Announce Strategic Partnership to Accelerate ESG Adoption in Private Markets

Partnership aligns the best-in-class consulting firm and technology platform to support clients’ ESG strategy, data collection, and outcomes.

Novata, the leading ESG data management platform built for the private markets, and Bridge House Advisors (Bridge House), an environmental and ESG/sustainability advisory firm, today announced a strategic partnership to advance ESG progress and adoption in the private markets. After a thorough market review, Bridge House has identified Novata as a provider of choice for clients in the private markets space to help them collect, manage and analyze ESG data.

Novata provides customers with a clear on-ramp for selecting ESG metrics, painless data collection and data insights and analytics tools to inform investment decisions. Founded with the mission to help enable a more sustainable and inclusive form of capitalism, Novata is a public benefit corporation formed by the Ford Foundation, Hamilton Lane, S&P Global, Omidyar Network, and more than a dozen private equity firms and pension funds.

“Numerous Novata clients have found Bridge House to be a best-in-class partner to advise on their ESG programs through the entire fund investment lifecycle, pre-investment due diligence for new transactions, and post-close corporate services,” said Scott Kennedy, Co-Founder and President at Novata. “We are pleased to now systematically enable Novata clients to leverage Bridge House’s expertise across the full range of GP’s ESG needs and ultimately improve these outcomes.”

Bridge House Advisors was founded in 2017 to provide investors and businesses with strategic environmental and sustainability insights to help them be more resilient and competitive. Bridge House believes ESG excellence is a proxy for good business.

“Novata’s technology platform has proved a valuable addition to our processes, as it allows Bridge House teams to spend less time managing and collecting data and more time helping GPs determine how to improve performance,” said Jeff Gibbons, ESG Business Advisor at Bridge House Advisors. “More broadly adopting Novata’s technology across our client base is good for Bridge House, good for our clients, and ultimately good for society and the planet.”

With mounting pressure from regulators, investors, customers, and employees to increase data transparency, Novata’s platform, designed by the GP community, is the simple first step for private equity and private credit firms looking to tackle ESG data collection. Together, Bridge House and Novata will offer clients the guidance and solutions needed to help make real traction and progress on ESG initiatives.

“Leveraging both Bridge House & Novata’s expertise helped drive and enhance the most important output of any ESG program: positive change at portfolio companies,” said Tim Poché, Chief Financial Officer & Chief Operations Officer at Bernhard Capital Partners. “Novata’s technology allowed the Bridge House team to re-allocate time and resources from managing data to interpreting data and setting goals to help us drive change. We could not be happier with the results for all of Bernhard’s stakeholders.”

Since Novata’s platform launch in April, Novata has also welcomed a range of private equity and credit firms to the General Partner Advisory Committee (GPAC) and has experienced significant global demand for its ESG data management platform.

To learn more about Novata and its ESG data management platform, please visit www.novata.com.

About Bridge House Advisors

Bridge House Advisors is a purposely built, full-service ESG and Sustainability advisory firm that is dedicated to building relationships with middle and upper middle market private equity firms and their portfolio companies. We provide a unique blend of traditional environmental and forward-looking ESG services, which we combine with decades of experience working with portfolio companies on EHS Compliance and Sustainability engagements. We believe that environmental, social, and governance excellence is a proxy for good business.

Our firm brings together a remarkable team of like-minded professionals from varied backgrounds with extensive environmental and sustainability experience. We are founded on the fundamental belief that the engagement and success of our employees will directly benefit our clients. For more information, please visit https://bridgehouseadvisors.com.

About Novata

Novata is a public benefit corporation created to enable the private markets to achieve a more sustainable and inclusive form of capitalism. Novata helps private equity firms and private companies to navigate the complex ESG landscape more easily by providing a technology platform that simplifies the process of selecting reporting metrics, provides clear and simple guidance for painless data collection, hosts a cutting-edge secure contributory database to store data, and offers unique tools for analysis and seamless reporting to key stakeholders, including limited partners and regulators. Novata was formed as a partnership of the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network and is majority-controlled by mission-driven organizations and its employees. For more information, please visit https://www.novata.com/.

Follow Novata on LinkedIn.

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