In the last column, we discussed the divestiture movement's pressure on limited partners, and how it represents an opportunity and not just an obstacle to returns, even without using it as a negative screen.
This is all part of a broader conversation I've been having with other limited partners and fiduciaries lately, all leading up to the NextWave Greentech Investing conference in September, for which I'm told a few dozen LPs and GPs have already signed up. Which is great to hear.
Nevertheless, despite that happy news, for today's column let's start by acknowledging two uncomfortable facts for LPs.
First, that even the most discerning negative screens for LPs will indeed be a...