Public HTML RI reports - PRI reporting framework 2018

N+1 Private Equity (Delisted)

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] Innovation [SG 18] 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]

Alantra Private Equity, former N+1 Private Equity, is the preeminent PE manager in Iberia, with more than 25 years of heritage and one of the largest teams in the region (15 investment professionals). Our investment rationale consists of supporting Spanish and Portuguese upper mid-market companies (€10-40m EBITDA) to expand internationally.

Alantra Private Equity is part of the Alantra Group, a company mainly owned by the executives of the firm that operates in the areas of investment banking and asset management. Each independent business maintains full autonomy in the decision-making process under a common organizational framework.

OO 02. Headquarters and operational countries

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

Spain

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).

20 FTE

02.4. Additional information. [Optional]

Alantra Private Equity (from now on “Alantra PE”), is part of Alantra, a global investment banking and asset management firm specialized in providing high value-added services to middle market companies. Alantra, listed in the Spanish Stock Exchange since July 2015 and formerly known as N+1 until September 2016, has decided to unify all its worldwide teams into a sole brand to become a global, integrated quoted partnership. Nowadays, Alantra is made up of 397 professionals based in 21 countries across Europe, US, Asia and Latin America and manages over €4.0 bn in assets. Being part of Alantra, allows Alantra PE to enjoy from:

Top level access to Spanish financial institutions and industrial groups
Assistance with deal generation and add-ons in Spain and internationally
Leading brand in Spanish financial industry with a global reach
Quality institutional support and back office

As mentioned, through Alantra Group (over 397 employees), Alantra PE has access to an institutional-quality firm infrastructure, including a risk control and compliance unit (1 professional), a centralized capital raising unit (5 professionals: 4 in Spain and 1 in UK), a legal department (5 professionals) and finally access to centralized services such as accounting and administration, IT, HR and communications (15 professionals).

Beyond Alantra’s European platform, Alantra PE has established additional strategic alliances with top-tier local partners and Senior Advisors in Latin America (i.e. Brazil, Mexico and Colombia) and benefits from the support of a unique Executive Network comprised of more than 30 senior executives with strong industrial expertise and exclusive relationships with Alantra PE.

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

03.2. List your subsidiaries that are separate PRI signatories and indicate if you would like to report their RI activities in your organisation’s consolidated report.

Name of PRI signatory subsidiary (Up to six subsidiaries may be reported)	RI implementation reported here on a consolidated basis
Asset Management	Yes No
	Yes No
	Yes No
	Yes No
	Yes No
	Yes No

03.3. Additional information. [Optional]

Alantra Group has two main business units: Asset Management and Investment Banking. Within the segment of Asset Management, Alantra has different asset classes, mainly: Private Equity, EQMC & QMC Funds, Private Debt and Real Estate. Private Equity is carried out by the legal entity Alantra Capital Privado, whilst the EQMC & QMC Funds and Private Debt are managed by another legal entity (Alantra Asset Management). We consider it would be advisable to consolidate the reporting going forward.

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

04.3. Indicate the total AUM at the end of your reporting year for subsidiaries you have excluded from your report

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]

Alantra PE currently holds the following assets under management:

1) Alantra PE Funds:

N+1 Private Equity Fund III, closed at €450m in February in 2017 to invest in majority stakes in Iberian mid-market companies with an international focus
N+1 Private Equity Fund II, closed in 2008 to invest in majority stakes in Iberian mid-market companies with an international focus

2) Other funds management

Mercapital Spanish Buyout Fund III. In 2012, Alantra PE (former N+1 Private Equity) acquired competing private equity manager Mercapital and inherited the management of Mercapital Spanish Buyout Fund III, fund raised and invested by the former Mercapital team

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