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Pantheon Ventures

PRI reporting framework 2019

You are in Strategy and Governance » Investment policy

投資ポリシー

SG 01. RI policy and coverage

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類と対象範囲を示してください。

当てはまるものをすべて選択してください。
ポリシーの構成要素/種類
AUMの対象範囲

01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

01.4. 組織の投資原則および全体の投資戦略、受託者義務(または同等のもの)の解釈、ならびに、ESGファクターおよび実体経済の影響をどのように考慮に入れているかについて説明してください。

Pantheon is a signatory of the Principles for Responsible Investment (“PRI”) and has used the following six principles as a framework to develop its ESG policy across all its investment activities.

  • We will incorporate ESG issues into investment analysis and decision-making processes.
  • We will be active owners and incorporate ESG issues into our ownership policies and practices.
  • We will seek appropriate disclosure on ESG issues by the entities in which we invest.
  • We will promote acceptance and implementation of the Principles within the investment industry.
  • We will work together to enhance our effectiveness in implementing the Principles.
  • We will each report on our activities and progress towards implementing the Principles.

We review our continued adherence to these principles on an annual basis through evaluating activities we have undertaken in each year and identifying ways in which we can enhance our ESG risk management.

01.5. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。[任意]

Pantheon is driven by the conviction that addressing ESG issues is a crucial part of investment risk management; and effective mitigation of these issues can have a material impact on value creation in private equity, infrastructure and real asset investments. We believe that mitigating ESG risks strengthens downside protection for investment returns and enhances investor reputations, which can also lead to value creation. When considering a new primary fund commitment, Pantheon is committed to understanding the manager’s willingness to adhere to sound ESG practices. Those managers that understand the nature of ESG risks and seek to minimize them are favoured. Pantheon’s primary due diligence process seeks to identify how the manager assesses ESG risks in their own analysis and the measures they take to mitigate them before and after investment.

01.6. 補足情報 [任意]

          
        
下記を読み理解しました I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Not Applicable)


SG 02. Publicly available RI policy or guidance documents

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

02.3. 補足情報 [任意]


SG 03. Conflicts of interest

03.1. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

Pantheon manages multiple funds and segregated account mandates (each a “client”), and is responsible for allocating investment opportunities between clients in a fair and equitable manner. An allocation process has been put in place in order to manage any potential conflicts that may arise in the allocation of investments between clients.

  • Pantheon will allocate all investment opportunities in a fair and equitable manner consistent with and subject to the fiduciary and contractual duties of Pantheon to such clients.
  • Pantheon may in good faith determine that some or all of an investment opportunity is unsuitable for a client, or exceeds an appropriate amount for the client and therefore such client may not take up all of the offered investment opportunity.

Should an allocation decision require advisory board consent, then we would convene meetings of the relevant Pantheon Fund.

03.3. 補足情報 [任意]

Pantheon has a formal Conflicts of Interest policy which sets out conflicts which may arise in the course of its business and the procedures that Pantheon takes to mitigate such conflicts. Some of these conflicts are summarised below:

  • No transaction fees: No part of Pantheon's organization receives remuneration from managers of portfolio funds, mitigating fee driven conflicts of interest.
  • Pantheon has a strict Personal Securities Accounts/Trading Policy and a Gifts and Entertainment Policy which have been implemented to address conflicts of interest.
  • Cross-Fund Investments: Occasionally, managers of portfolio funds face conflicts of interest in relation to one portfolio fund (the predecessor portfolio fund) and another portfolio fund (the successor portfolio fund), for example in relation to an investment by the successor portfolio fund in a portfolio company of the predecessor portfolio fund.  Typically, the portfolio fund manager will seek to resolve such conflicts through operation of the advisory committees of each of the predecessor portfolio fund and the successor portfolio fund.  These conflicts can be replicated at the level of Pantheon clients, as Pantheon manages multiple pools of capital and may be represented on the advisory committee of either or both of the predecessor portfolio fund and the successor portfolio fund respectively.  Pantheon has procedures in place to mitigate these conflicts, involving separate deal teams, and annually reports to its own advisory committees on the resolution of conflicts through these procedures.

SG 04. Identifying incidents occurring within portfolios (Private)


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