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Advanced Capital (delisted)

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.

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

Advanced Capital believes that the consideration of ESG issues actually improves the overall financial performance in the long term, especially by reducing systemic risk and creating a more ethic and efficient environment for the global economy. Advanced Capital is committed to be in line with international best practices in promoting the highest ethical standards in all its activities and relations, believing that the always wider pool of RI adhering associations will push even strongly for a better regulation and awareness of the theme. Even though the firm does not currently have an overall policy to address the topic, Advanced Capital's ESG commitment is enshrined in the investment process and in the post-investment monitoring activity. There is always a reference to the ESG themes in every AC presentation and Advanced Capital's professionals link the discussion to ESG issues at every meeting, raising the awareness of LPs, placement agents, GPs, and other players on the topic.

SG 02. Publicly available RI policy or guidance documents (Not Applicable)

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.

Advanced Capital’s conflicts of interest policy was implemented in 2008 and subsequently enhanced in November 2012 to include: (i) a more specific definition of different typologies of conflicts of interest (counterparty conflict, conflict of intermediation, conflict of co-investment and supply). This provided an opportunity to better define roles and responsibilities of each person involved in the identification, evaluation and management of conflicts of interest. The Company constantly monitors potential conflict of interest situations: (i) in the funds' investment and disposal phases a specific disclosure on potential conflicts of interest is asked to all the “relevant persons”; (ii) new supplier contracts must have appropriate disclosure on potential conflicts of interest; (iii) a conflicts of interest mapping is produced once a year by the Company; (iv) the Compliance & AML Responsible keeps records of the conflict of interest cases highlighting the most relevant ones and the actions taken by the Company to manage them. In any case, a binding opinion of the funds’ Advisory Boards is produced when evaluating potential conflict of interest situations, especially when making investments/disposals. Furthermore, an independent “Conflicts of Interest Committee” oversees the whole process of identification, valuation and management of conflict of interest cases.

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios (Private)