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Terra Firma Capital Partners

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.

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.

URL/Attachment

02.4. Additional information [Optional].

Policy unchanged from previous year.


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.

Terra Firma has a clear policy on conflicts of interest, setting out controls to prevent and manage potential personal and corporate conflicts of interest, including those which may arise during the investment process. This is provided to all staff, who reaffirm their compliance with the requirements relating to the prior disclosure and approval of outside interests and personal investment dealings.

Additionally, the contractual agreements for each of Terra Firma’s funds establish the processes for preventing and managing potential conflicts, whether between Terra Firma and the Terra Firma funds, or between separate Terra Firma funds. Such conflicts may arise during the investment, ownership or exit phases. For example:

  • A potential conflict of interest could arise during a co-investment, especially if such investments were made on a specific case by case basis. Terra Firma avoids such conflict by contractually prohibiting such situations.
  • A second conflict which could possibly arise is fund competition. This situation is avoided by providing priority to the earlier fund, as is laid out in contractual documents.

Each fund has an Advisory Board of a selection of its investors, and funds are prohibited from entering into arrangements giving rise to potential conflicts without the approval of their Advisory Board.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios

04.1. Indicate if your organisation has a process for identifying and managing incidents that occur within portfolio companies.

04.2. Describe your process on managing incidents

          Investee colleagues and management are usually best placed to provide the immediate response to incidents. Where appropriate, Terra Firma will support the business. Terra Firma has a clear policy in place for the escalation of incidents, up to and including the Board of the respective General Partner.
        

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