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Portobello Capital

PRI reporting framework 2019

You are in Direct – Private Equity » Overview


PE 01. Description of approach to RI

01.1. Provide a brief overview of your organisation’s approach to responsible investment in private equity.

Portobello Capital's approach towards Responsible Investment is shaped by organizations such as UNPRI or ASCRI (Spanish Private Equity Association) of which it is a signatory. Also, as a Managing Company, Portobello Capital follows the EVCA (now Invest Europe) recommendations and the rules established by the entities which regulate the company, that is, the CNMV (National Securities Market Commission) in Spain. It is also registered in front of SEC in the USA,

Portobello Capital is fully committed to ESG policies and has a rigorous compliance structure which oversees the procedures and control systems in place, ensuring alignment with responsible investment standards and policies.

The majority stakes typically held by Portobello Capital in its portfolio companies help implementing necessary changes on RI matters. In many cases, our targets are family owned businesses where we devote significant efforts to further professionalizing the management teams, making the managers commit to implementing certain standards and obtaining certain certifications as part of their duties and responsibilities.

Portobello Capital has a process in place to monitor and verify that responsible investment principles are followed by its portfolio companies. Recurrent meetings are scheduled to monitor progress and follow up on the measures agreed.

Portobello Capital's RI policy is publicly accessible on the corporate website. On it the company makes clear its approach to responsible investment and how this is implemented.

PE 02. Investment guidelines and RI

02.1. Indicate whether your organisation’s investment activities are guided by a responsible investment policy / follow responsible investment guidelines.

02.2. Describe how your organisation outlines expectations on staff and portfolio companies’ approach towards ESG issues in investment activities.

In line with the commitment acquired by endorsing UNPRI, Portobello Capital has a CSR Policy which aims to voluntarily integrate these principles in its management, strategy and procedures. Responsible investment is understood in Portobello Capital as a value creation driver, mitigating potential risks and capitalising likely opportunities. 

We ensure the staff, espcially the investment team, and the management teams of our portfolio companies are aware of our commitment and approach.

In additional, our investment policies already include an exclusion list for companies which are engaged on armament, military weapons, trading or manufacturing of tobacco, gambling, distilled alcoholic beverages or human cloning. The Funds will NOT invest either in companies which deliberately and repeatedly violate laws, human rights and/or labour principles as defined by the UN Global Compact.