We have one private equity investment, which we have longer as we are PRI signatory. We would like to sell this private equity fund for a lack of transparency. We do not have signs that this fund does not comply with our internal regulations for sufficient sustainability. But we can not look into sustainability matters of this fund deeply enough to safeguard our sustainability criteria. Selling this investment is impossible due to not having any fair and reasonable bids (if at all).
As long as we can not look deeply enough in such investments, we completely avoid investing there. Occasionally we look into possible investments of private equity firms, but we have not found any investment opportunities with sufficient transparency.
"We do not go were we cannot look".
We have bought another private equity investment in 2017, the recent value is slightly above 1.1 Mio. EUR. Although there is no strict exclusion policy in power, for us it is very unlikely that sub-investments are made that collide with our general exclusion policy. This investments also gives us the opportunity to intensify the dialogue on ESG issues with the investment manager.