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Truffle Capital

PRI reporting framework 2018

Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - INF 03]

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Communication [SG 19]

Direct – Private Equity

Overview [PE 01 - 02] Fundraising of private equity funds [PE 03 - 04] Pre-investment (selection) [PE 05 - 08] Post-investment (monitoring) [PE 09 - 13] Outputs and outcomes [PE 14 - 15] Communication [PE 16]

Assurance

Assurance [CM1 01.1 - 01.7]

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Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Fund management

% of assets under management (AUM) in ranges

<10%

10-50%

>50%

Fund of funds, manager of managers, sub-advised products

Other, specify

Further options for investment managers (may be selected in addition to the above)

Execution and advisory services

Hedge funds

Fund of hedge funds

01.3. Additional information. [Optional]

As a major and independant player of the European innovative capital market with 700,5 millions euros of assets under management, Truffe Capital aims at building and supporting companies with a high potential for developing disruptive technologies, mainly in Life sciences and Information and Digital Technologies, 2 business sectors within which it has accompanied more than 80 companies since its creation in 2001. Truffle Capital operates exclusively in the field of the “deep tech”, companies built around a highly innovative technology, capable of changing people life and the world of tomorrow.

Truffle Capital specialises in making the best possible use of its sector knowledge, its extensive network and experience to identify growth opportunities for each company given the latent needs of its market, with an end goal of generating high returns for investors.

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

France

02.2. Indicate the number of countries in which you have offices (including your headquarters).

2-5

6-10

>10

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

23 FTE

02.4. Additional information. [Optional]

Located in Paris, Truffle Capital is run by three Partners with decades of proven experience in investments and entrepreneurship in Europe and the Unites States, including Silicon Valley : Patrick Kron, the chairman, Philippe Pouletty and Bernard-Louis Roques, co-founders and Managing directors. The company comprises a total workforce of 23 employees, including 9 senior professionals dedicated to the investment activity. The investment team is underpinned by an international network composed of prominent figures with a highly experienced background in the fields of entrepreuneurship, investment, finance, regulation, as well as an international network of high-level experts, notably in the Life sciences sector (scientists, R&D, clinics, market access, business, industrialization and Intellectual property).

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

Yes

03.3. Additional information. [Optional]

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2017

04.2. Indicate your total AUM at the end of your reporting year, Exclude subsidiaries you have chosen not to report on and any advisory/execution only assets.

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

04.5. Additional information. [Optional]

At December 31, 2017, Truffle Capital directly managed 700,5 million euros through retail funds (22 FCPI, 6 incubator holdings, 3 mandates) as well as institutional funds (4 FPCI).

OO 06. How would you like to disclose your asset class mix

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

06.1. Select how you would like to disclose your asset class mix.

as percentage breakdown

as broad ranges

	Internally managed (%)	Externally managed (%)
Listed equity	0 0	0 0
Fixed income	0 0	0 0
Private equity	>50% 100	0 0
Property	0 0	0 0
Infrastructure	0 0	0 0
Commodities	0 0	0 0
Hedge funds	0 0	0 0
Forestry	0 0	0 0
Farmland	0 0	0 0
Inclusive finance	0 0	0 0
Cash	0 0	0 0
Other (1), specify	0 0	0 0
Other (2), specify	0 0	0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

OO 07. Fixed income AUM breakdown (Not Applicable)

OO 08. Segregated mandates or pooled funds (Not Applicable)

OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

Developed Markets	0% <10% 10-50% >50 %
Emerging, Frontier and Other Markets	0% <10% 10-50% >50 %
Total100%

09.2. Additional information. [Optional]

Truffle Capital mainly invests in France and Continental Europe (Germany, BENELUX,…). Due to its DNA of Entrepreneur-Investor, its involvement with its portfolio companies and its “hands-on” approach (see explanation in the indicator OO PE 02.2.), Truffle Capital prioritizes the geographical proximity with companies.

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