This report shows public data only. Is this your organisation? If so, login here to view your full report.

OpCapita LLP

PRI reporting framework 2017

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.4. Indicate what norms you have used to develop your investment policy that covers your responsible investment approach.

other (1) description

          UNPRI -- Six Principles for Responsible Investing
        

01.6. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

02.4. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Many potential investment conflicts are governed by OpCapita’s existing regulatory requirements. However, please see below for examples of OpCapita's policy:

 

Co-Investment

Historically, due to the deal-by-deal nature of the firm, personnel have been permitted to invest on a deal-by-deal basis and/or different terms to those offered to Investors. However, employees were encouraged to invest in a personal capacity on a pari passu basis with the funds raised from clients in order to minimise the potential for conflicts. As the firm now has a fund structure, the potential conflict is further reduced and is mostly restricted to historic deals.

 

Allocation of time and resources and portfolio investments

Historically, the firm made investments on a deal-by-deal basis which posed a risk that employees would act in the best interests of an individual company rather than of the portfolio. This potential conflict is addressed through the remuneration policy of the firm, which is structured to ensure that employees both invest in and receive carried interest in all deals. Performance-based discretionary bonus is also material. As the firm now has a fund structure, the potential conflict is further reduced and is mostly restricted to historic deals.

03.3. Additional information. [Optional]

OpCapita further has Conflict of Interest policy regarding business and personal conduct. Such conflicts occur when an individual's private interest interferes in any way -- or appears to interfere -- with the interests of OpCapita LLP.

 

A conflict situation may arise when an employee acts or has interests that may make it difficult to perform his or her work objectively and effectively. Conflicts of interests also arise when an employee, or a member of his or her family, receives improper personal benefits as a result of his or her position at OpCapita LLP.

 

Business decisions and actions must be based on the best interests of OpCapita LLP and its clients. Employees may not have outside interests that conflict or appear to conflict with the best interests of OpCapita LLP or its clients. Employees are expected to act solely for the benefit of the firm and its clients and not be influenced by a personal interest that may result from other individual or business concerns. Conflicts of interest are to be scrupulously avoided and, if unavoidable, must be disclosed to senior management.


SG 04. Identifying incidents occurring within portfolios (Not Completed)


Top