About us
During the Covid-19 pandemic, CalPERS and Carlyle held a video conference with General Partners (GPs) and Limited Partners (LPs) to address challenges related to Performance and Governance Indicators (PGI) data. Key issues included:
Frustration grew among PGI executives due to the unclear progress of PGI initiatives. A need for standardized PGI metrics and reporting mechanisms became evident. The focus shifted to developing an actionable PGI program suitable for private equity firms and investors.
In September 2020, TIAA-CREF and Carlyle launched the initiative, which has since grown to over 350 participating GPs and LPs. Feedback from members has led to advancements, including membership options for private credit firms and the introduction of net-zero metrics in 2022. PGI aims to support the private equity industry, inviting eligible members to join in generating meaningful, performance-based PGI data.
PGI Steering Committee
The PGI Data Convergence Initiative, created by and for the industry, is guided by a Steering Committee of 8 LPs and 8 GPs, co-chaired by Carlyle and CPP Investments. Membership on the committee will rotate to incorporate diverse perspectives from the broader group of participants. All members can engage actively through working groups or feedback. The committee conducts annual reviews to assess progress and consider changes for the next year, including refining PGI metrics.
Wayne Lawler, President
PGI Facilitation
ILPA: Steering Committee Secretariat
ILPA serves as official Secretariat to the PGI Steering Committee and facilitates the annual PGI Steering Committee sprint meetings. ILPA also supports Steering Committee governance and elections.
ILPA is continually working to align LPs and GPs around important PGI issues and provides education, resources, and toolkits for private equity investors looking to integrate PGI considerations into investment programs.
BCG: Initiative Administration
The Boston Consulting Group (BCG) has been supporting the PGI pro-bono since 2021 and will continue for another three years. BCG's role includes:
BCG has created a document outlining its future support, focusing on protecting member data and developing the annual PGI benchmark under Steering Committee guidance.
Financial Sustainability
From its inception, the PGI has been made possible by many hundreds of people doing additional work off the sides of their desks, alongside the full time pro bono support provided by BCG. To ensure the Initiative is well positioned to sustain its current momentum, the Steering Committee has spent considerable time working with BCG to develop a plan to build financial sustainability for the PGI over time, so it is not perpetually reliant on ongoing pro bono contributions.
Firstly, all Private Equity GPs and LPs will be able to continue to participate in the PGI free of charge, and in doing so access the high-quality benchmark offering available to participants in the inaugural year (i.e. 2022). Starting in the summer of 2024, PE GPs and LPs will also be able to choose to become premium PGI members and gain access to additional benchmarking functionality (click here for more details on these functionalities). The fee to upgrade will vary by fund AUM (to ensure these functionalities are accessible to all funds, regardless of size) and has been carefully designed to target covering initiative-related costs (not generating profit).
In addition to PE GPs and LPs, other entities that are now eligible to join the initiative (private credit funds & data platforms can learn more on their membership pages) will be able to become PGI members by making a contribution to the initiative’s financial sustainability. The Steering Committee’s goal is to ensure the PGI can effectively support the private markets for years to come.
Current Steering Committee Members
Limited Partners
General Partners
Financial Sustainability
To ensure the PGI is well positioned to sustain its current momentum, the Steering Committee has spent considerable time developing a plan to build financial sustainability for the initiative, so it can effectively support the private markets for years to come.
As such, starting in 2024, while all Private Equity GPs and LPs will be able to continue to benefit from membership of the PGI free of charge, members can now choose to become premium PGI members and gain access to additional value-added functionality. The fee to upgrade varies by fund AUM and is designed to cover initiative-related costs (not generating profit).
Membership Options: Choose the right plan for your firm
Data Sharing
for GPs and LPs
Members reported that challenges with sharing PGI data from GP to LP is their #1 pain point. This year, the PGI has launched functionality to streamline the process.
250+ GPs are now part of the PGI Data Convergence Initiative
The PGI’s mission is to drive convergence around meaningful environmental, social, and governance metrics for the private markets. It generates actionable, performance-based insights based on comparable PGI data from more than 4,000 private companies – with participating firms from all over the world and across all sectors.
The PGI allows GPs and their portfolio companies to benchmark their current position, streamline PGI data requests from LPs and Private Creditors, and generate progress toward PGI improvements.
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The PGI has several value propositions for GPs
What does it mean for General Partners to be part of this initiative?
To participate, GPs agree to:
125+ LPs are now part of the PGI Data Convergence Initiative
The PGI’s mission is to drive convergence around meaningful environmental, social, and governance metrics for the private markets. It generates actionable, performance-based insights based on comparable PGI data from more than 4,000 private companies – with participating firms from all over the world and across all sectors.
The PGI allows LPs, GPs, and their portfolio companies to benchmark their current position, streamline PGI data requests, enable greater data sharing from GPs, and generate progress toward PGI improvements.
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The PGI has several value propositions for LPs
What does it mean for Limited Partners to be part of this initiative?
To participate, LPs agree to:
Training Program
After the Covid-19 pandemic, Poseidon Global Investment (PGI) has undertaken a new plan for the review and restructuring of traders, while also witnessing the advantages brought by the online education system. Through the online education system, PGI can effectively deliver in-depth financial trading knowledge and identify new opportunities among registered students.
The current educational instructors are all outstanding traders within PGI, with extensive knowledge and educational backgrounds. In addition, PGI has rigorously reviewed and hired renowned instructors as contract-based financial education lecturers to provide more professional education services.
Still have a question?
Email us
PGI Data Convergence Initiative Privacy Policy
1. Who we are
This is the Privacy Policy for The Boston Consulting Group, Inc. and its affiliates (“BCG” or “we”). This privacy policy was last updated in January 2024. For more detail on BCG’s international operations please see .
2. Applicability of this Privacy Policy
This Privacy Policy applies only to:
Please note that we do not collect any personal information as part of the PGI benchmarking exercise conducted for the Initiative.
3. Important information about this Privacy Policy
BCG understands that your privacy is important. BCG is committed to protecting your privacy and personal data you provide in relation to your access and use of the Site. This Privacy Policy (together with the Terms of Use, which you will also have been asked to agree to, and any additional terms of use incorporated by reference into the Terms of Use) sets out the basis on which any personal data we collect from you, or that you provide to us, will be processed by us. This Site is not intended for and does not intentionally target or solicit to children or anyone of 18 years of age and younger. Please read the following carefully to understand our practices regarding your personal data and how we will treat it.
4. Changes to this Privacy Policy
Please note that BCG may, in its discretion, amend this privacy policy from time to time. To ensure you are able to remain informed about the information we collect and how we use it, material changes to our statement will be reflected here and we will notify you whenever we make a material change to this Privacy Policy. The Site may contain links to external sites or services which are not governed by this Privacy Policy. We encourage you to review the privacy policies of any such sites before you submit information there.
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When you register your interest for an account, we collect information from you, including the following personal data: name, company name, business email address, and commitment status. By your use of the Site, we may also collect, use, store, and transfer the following personal data about you: location data, IP address, geolocation, user activity (e.g. pages visited and how long stayed there.)
We also collect, use and share aggregated data such as statistical data for any purpose. Aggregated data could be derived from your personal data but is not considered personal data in law as this data will not directly or indirectly reveal your identity. For example, we may aggregate the data relating to details of your use of the Site to calculate the percentage of users accessing a specific feature. However, if we do ever combine or connect aggregated data with your personal data so that it can directly or indirectly identify you, we treat the combined data as personal data which will be used in accordance with this Privacy Policy.
We do not collect any special categories of personal data about you (this includes details about your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about your health, and genetic and biometric data). Nor do we collect any information about criminal convictions and offences.
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We process your personal information for the following purposes:
We will not sell, share, or rent or otherwise make available your personal information to other parties, except that we may disclose the information to third parties who perform services on our behalf and have a need to access the information in connection with those services. Any third parties will only process this information to the extent to which and within the limits that BCG itself is permitted to process that data.
9. How your personal data is used
Personal information is processed in the following ways and in accordance with applicable data privacy laws, the processing is based on the lawful bases as stated below.
In some situations, as listed above we may need to process your personal data for the legitimate interests pursued by us for following purposes, unless consent is required specifically under applicable data privacy laws.
Where you have consented on or before the collection, use and/or disclosure of your personal data;
Where we are otherwise permitted to do so under applicable data privacy laws.
We process your personal information for the purposes described above: when we have your consent to do so, where applicable; when necessary to enter into a contract with you; when necessary for us to comply with a legal obligation; or when necessary for the purposes of our legitimate interests as a company operating globally. You may withdraw your consent at any time by sending an email to datasubjectrights@bcg.com. For users in Germany please email us at datenschutz@bcg.com.
10. Disclosure of personal data
The information you provide will naturally only be used for the purposes explained under this Privacy Policy and will not be disclosed to third parties. However, given the global nature of BCG, Personal data may be processed at various locations where BCG conducts business, including in the United States and other countries as well as to external service providers appointed by BCG or another BCG company to perform IT services, IT infrastructure, business, administrative, and management functions for BCG and cloud storage capabilities e.g. BCG maintains and stores personal information in systems and applications located in Europe and the United States, and the personal information is only accessible by authorized persons or vendors who are bound by privacy requirements. BCG appreciates the confidential nature of personal data and discloses it only as necessary for BCG’s valid business purposes or as required by law as described herein, although whenever possible to do so, information will be anonymized prior to its production.
We may also disclose your Personal Data to law enforcement agencies, courts, other government authorities or other third parties where we believe necessary to comply with a legal or regulatory obligation. Further we may disclose your Personal Data to potential transaction partners, service providers, advisors, and other third parties in connection with the consideration, negotiation, or completion of a corporate transaction in which we are acquired by or merged with another company, or we sell or transfer all or a portion of our assets or business. Should such a sale or transfer occur, we will use reasonable efforts to obligate the entity to which we transfer your Personal Data to use it in a manner that is consistent with this Policy.
11. Choices regarding disclosures
BCG does not disclose your personal data for purposes not described herein or to unaffiliated third parties for commercial or marketing purposes. BCG allows individuals to “opt out” before commencing any such disclosure in the future.
12. Data retention
Personal data will only be kept as long as is reasonably necessary to fulfil the purpose for which it was collected. We may retain your personal information for longer if they may be the subject of a legal claim, or may otherwise be relevant for future litigation.
In some circumstances we will anonymise and/or aggregate your personal data (so that it can no longer be associated with you) for research or statistical purposes, in which case we may use this information indefinitely without further notice to you.
13. Disclosure of personal data
The information you provide will naturally only be used for the purposes explained under this Privacy Policy and will not be disclosed to third parties. However, given the global nature of BCG, Personal data may be processed at various locations where BCG conducts business, including in the United States and other countries as well as to external service providers appointed by BCG or another BCG company to perform IT services, IT infrastructure, business, administrative, and management functions for BCG and cloud storage capabilities e.g. BCG maintains and stores personal information in systems and applications located in Europe and the United States, and the personal information is only accessible by authorized persons or vendors who are bound by privacy requirements. BCG appreciates the confidential nature of personal data and discloses it only as necessary for BCG’s valid business purposes or as required by law as described herein, although whenever possible to do so, information will be anonymized prior to its production.
We may also disclose your Personal Data to law enforcement agencies, courts, other government authorities or other third parties where we believe necessary to comply with a legal or regulatory obligation. Further we may disclose your Personal Data to potential transaction partners, service providers, advisors, and other third parties in connection with the consideration, negotiation, or completion of a corporate transaction in which we are acquired by or merged with another company or we sell or transfer all or a portion of our assets or business. Should such a sale or transfer occur, we will use reasonable efforts to obligate the entity to which we transfer your Personal Data to use it in a manner that is consistent with this Policy.
14. Data security
BCG handles personal data in accordance with BCG procedures to protect the integrity and security of the personal data, including conducting periodic reviews of personal data quality, purging obsolete information, and imposing security measures such as industry-standard technical, physical and administrative safeguards. We have taken extensive technical and operational precautions to protect your data from accidental or intentional manipulation, loss, destruction, or access by unauthorized persons. Our security procedures are regularly reviewed and adapted to technological progress.
15. Your rights
In accordance with applicable data protection laws, including but not limited to the GDPR, have the right to access your personal data, you have a right to request a copy of the personal information we hold about you and details of how we use that information. If any of the information held about you is incorrect or out of date, you have the right to amend or rectify it. Please follow the process outlined below and we will amend our records where appropriate. You also have the right to require us to erase your personal data, stop processing your personal data, restricting the processing of your personal information, right of portability of your personal information, right of not be subject to automated decision making, including profiling and/or to withdraw your consent to processing. This may not apply if there are other legal justifications to continue processing.
If you think we may have incorrect personal information or would like a copy of the personal information we hold on you, or to exercise any other data protection right, please contact us on our point of contacts below. Please note that we need you to prove who you are before we can provide you with any information. You also have a right to lodge a complaint with your local supervisory authority.
15. Contact us
If you have further questions on the topic of data protection, please contact us. For questions regarding the processing of your personal data, regarding access, rectification, blocking/restriction of processing or erasure of data, data transferability, objection to data processing and revocation of given consents, please contact us via:
Data Protection Office
Boston Consulting Group Inc.
200 Pier Four Boulevard
Boston, MA 02210
Contact Us:Dataprotectionoffice@bcg.com
California
As required by the California Privacy Laws, this Privacy Policy describes the categories of personal data collected, processed, and disclosed by BCG, the categories of sources for that data, and the business or commercial purposes for which that data is collected, processed, and disclosed.
If you are a California resident, please see the California Addendum.(https://www.bcg.com/about/privacy-policy#california-addendum)
Germany
Data Protection Officer (Der Datenschutzbeauftragte)
Boston Consulting Group GmbH
Ludwigstrasse 21
80539 Munich Germany
Contact Us:datenschutz@bcg.com
Cookie Policy
1. Introduction
Our website, https://poseidonglobal.org/ (hereinafter: "the website") uses cookies and other related technologies (for convenience all technologies are referred to as "cookies"). Cookies are also placed by third parties we have engaged. In the document below we inform you about the use of cookies on our website.
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Right of access: You have the right to access your personal data that is known to us.
Right to rectification: you have the right to supplement, correct, have deleted or blocked your personal data whenever you wish.
If you give us your consent to process your data, you have the right to revoke that consent and to have your personal data deleted.
Right to transfer your data: you have the right to request all your personal data from the controller and transfer it in its entirety to another controller.
Right to object: you may object to the processing of your data. We comply with this, unless there are justified grounds for processing.
To exercise these rights, please contact us. Please refer to the contact details at the bottom of this Cookie Policy. If you have a complaint about how we handle your data, we would like to hear from you, but you also have the right to submit a complaint to the supervisory authority (the Information Commissioner's Office (ICO)).
8. Contact details
For questions and/or comments about our Cookie Policy and this statement, please contact us by using the following contact details:
Expand PGI
Data Protection Office
200 Pier Four Boulevard
Boston, MA 02210
California
As required by the California Consumer Privacy Act (CCPA), this Privacy Policy describes the categories of personal data collected, processed, and disclosed by BCG, the categories of sources for that data, and the business or commercial purposes for which that data is collected, processed, and disclosed.
California residents may exercise their privacy rights by calling us toll free at
1-866-I-OPT-OUT (1-866-467-8688) and entering service code 837# to leave us a message.
Germany
Data Protection Officer (Der Datenschutzbeauftragte)
Boston Consulting Group GmbH
Ludwigstrasse 21
80539 Munich Germany
United Kingdom
Website: https://poseidonglobal.org/
Email: Dataprotectionoffice@bcg.com
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