Mona Sutphen Appointed to Novata’s Board of Directors

Rhea-AI Summary

Novata has appointed Mona Sutphen, Partner and Head of Investment Strategies at The Vistria Group, to its Board of Directors, effective immediately. Sutphen brings over two decades of experience from both public and private sectors, having served as a Partner at Macro Advisory Partners and Managing Director at UBS AG. Her governmental experience includes being the White House Deputy Chief of Staff for Policy under President Obama. Novata, supported by major stakeholders including S&P Global (NYSE: SPGI) and Hamilton Lane (NASDAQ: HLNE), is a leader in ESG data management solutions for private markets, emphasizing sustainability and inclusivity.

Positive

• Appointment of Mona Sutphen expected to enhance strategic vision and leadership.
• Increased global demand for Novata's ESG data management platform.

Negative

• None.

Novata is the premier ESG data management platform for private markets

Ms. Sutphen will provide a valuable viewpoint on ESG from a political and regulatory background

NEW YORK--(BUSINESS WIRE)-- Novata, a public benefit corporation and technology platform that provides private markets stakeholders with intuitive and effective Environmental, Social and Governance (ESG) data management solutions, today announced the appointment of Mona Sutphen, Partner and Head of Investment Strategies at The Vistria Group (Vistria), to Novata’s Board of Directors, effective immediately.

Ms. Sutphen has spent over two decades at the intersection of the public and private sectors. Prior to joining Vistria, she was a Partner at global corporate and capital markets firm Macro Advisory Partners and earlier was Managing Director at UBS AG. She served as White House Deputy Chief of Staff for Policy for President Obama, where she advanced the policy and regulatory agenda on a range of domestic and international issues. Earlier in her career, Ms. Sutphen was a diplomat serving on the staff of the National Security Council during the Clinton Administration and the U.S. Mission to the UN, as well as posts in Asia and Europe. Ms. Sutphen serves on the Boards of Spotify, Unitek Learning, and is a Trustee for Putnam Mutual Funds. She is a Trustee of Mount Holyoke College and is a member of the Council on Foreign Relations and serves on the Boards of the International Rescue Committee and Human Rights First.

Backed by a consortium that includes the Ford Foundation, S&P Global (NYSE: SPGI), Hamilton Lane (NASDAQ: HLNE) and Omidyar Network, and with the support of more than a dozen private equity firms and pension funds, Novata is the leading ESG data management platform built specifically for the private markets. The Novata platform provides customers with a clear on-ramp for selecting ESG metrics, painless data collection and data insights and analytics tools to inform investment decisions.

“We are thrilled to welcome Mona to the Novata Board at a critical inflection point for ESG and for the company,” said Alex Friedman, Chief Executive Officer and Co-Founder of Novata. “Together with the other members of the Board, she will provide valuable expertise and leadership as we move full steam ahead towards our collective mission to advance ESG in the private markets.”

Since Novata’s successful platform launch in April, Novata has 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.

“Novata has established itself as an industry innovator and leader in helping private market players understand the ESG implications of their investment activities,” said Ms. Sutphen. “I’m honored to join the Board to bring my experience across government and business to continue to build on the strategic vision and advance the important efforts underway to build a more sustainable and inclusive form of capitalism.”

To learn more about Novata’s platform offerings and to schedule a demo, please see here: https://www.novata.com/

About Novata

Novata is a public benefit corporation that enables the private markets to achieve a more sustainable and inclusive form of capitalism. Novata ESG solutions, technology platform and contributory database simplify the processes of selecting reporting metrics; collecting and storing relevant data; conducting analysis; and reporting to key stakeholders, including limited partners and regulators. Novata, a partnership of the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network, is majority controlled by mission-driven organizations and its employees. For more information, please visit https://www.novata.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230208005246/en/

Katie Stueber

press@novata.com

Source: Novata

FAQ

Who is Mona Sutphen and what role has she taken at Novata?

Mona Sutphen is the new member of Novata's Board of Directors, bringing extensive experience from the public and private sectors.

What is Novata's focus in the ESG data management sector?

Novata focuses on providing private markets stakeholders with effective and intuitive ESG data management solutions.

How does the appointment of Mona Sutphen impact Novata?

Her appointment is expected to strengthen Novata's leadership and strategic direction in advancing ESG initiatives.

What companies are involved in Novata's consortium?

The consortium includes the Ford Foundation, S&P Global (NYSE: SPGI), Hamilton Lane (NASDAQ: HLNE), and Omidyar Network.