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Portobello Capital

PRI reporting framework 2018

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

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, and how they consider ESG factors and real economy impact.

Portobello’s mission is to “build industry leaders”. Portobello is looking for companies that fit its investment criteria and where there is an asymmetry it can take advantage of. Consistently, Portobello targets successful growing family owned businesses with best-in-class management teams and potential to take them to the next level through consolidation and internationalization.

Its investment strategy consists of  investing in mid-market companies headquartered in Spain with EVs of €50–500 million. Portobello seeks to make control/majority investments in companies, with which it can work over its holding period, to build industry leaders. its strategy is based, among others, on systemic sourcing of market inefficiencies, focus on industry consolidation and international expansion

All the above, allows Portobello to generate a real impact in the economy through the consolidation and internationalization of local Spanish businesses, increasing the number of employees in its 2 previous funds by more than 15,000 since the acquisition of the companies. Portobello also focuses on professionalizing the teams and processes in its companies, making their businesses more diversified and sustainable long-term by aligning with current ESG requirements.

 

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

On the one hand, there is the Investment Restriction List which is part of our Funds' Management Regulations, listing all sectors where the Fund cannot invest, including those companies that do not comply with the UN Global Compact Principles.

On the other hand, Portobello Capital has a CSR policy which reflects the company's commitment to integrate social, employment and environmental concerns and respect for human rights voluntarily in our management, strategy, policy and procedure including a list of the items to be reviewed or where improvements in this respect can be made.


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

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Indicate if your organisation’s investment principles, and overall investment strategy is publicly available

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.

Portobello Capital´s  Internal Code of Conduct determines the standards of conduct and performance to be followed by the employees in relation to conflicts of interest, confidential information, handling of reserved information and cases of stock market manipulation.

This Code establishes that every employee must report any possible conflict of interest, due to their personal activities outside of the Company, their relatives or their personal equity. This situation will be reported to the Control Committee, which will assess whether such conflict exists or not. Should there be a conflict of interest, the affected employee will be excluded from taking part or influence the decision making process regarding a likely investment by the Fund, the managing company or the portfolio companies.

Additionally, and with regards to any conflict of interest that may arise at any Fund level, as per the LPAs, the Management Company shall inform the Supervisory Committee as soon as reasonably possible about the existence of any potential conflict of interest that could arise in relation to the Management Company or the Key Executives and the Supervisory Committee shall issue a binding decision.

03.3. Additional information. [Optional]


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


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