Hamilton Lane, a global investment manager, led a $30m Series B funding in Novata, a technological platform developer, with participation from Ford Foundation, S&P Global, Microsoft Climate Innovation Fund, Canson Capital Partners, Clearlake Capital, Hellman & Friedman, Kohlberg & Company, Lindsay Goldberg and The Vistria Group. “We consider Novata to be the critical infrastructure needed to accelerate sustainability and strong governance in the private markets. As our industry continues to grow, we all face increasing expectations from investors, regulators, and the broader society to ensure that strong investment performance is delivered alongside responsible business practices. Novata is exactly the kind of neutral intermediary the private markets ecosystem needs to collect the metrics that matter and put them in context,” Erik Hirsch, Hamilton Lane Vice Chairman and Head of Strategic Initiatives.