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Investisseurs & Partenaires

PRI reporting framework 2019

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Fundraising of private equity funds

PE 03. Fund placement documents and RI

03.1. Indicate if your most recent fund placement documents (private placement memorandums (PPM) or similar) refer to responsible investment.

03.2. Indicate how your most recent fund placement documents (PPM or similar) refer to the following responsible investment:

03.3. Describe how your organisation refers to responsible investment in fund placement documents (PPMs or similar). [Optional]

All PPMs include a detailed section on ESG & Impact objectives and management systems. Our recent impact funds' PPM also include an impact-based incentive system for the management teams. The Fund’s final impact performance will be assessed against a set of key impact targets, which would be fully achieved in a best-case scenario. We consider that the Fund’s impact performance should be reflected in the Fund’s incentive structure. This structure is expected to reward the team to the extent to which impact targets are met (or not). If the financial hurdle rate is achieved (IRR > 5%), the proposal is to adjust the carried interest percentage for the investment manager.

PE 04. Formal commitments to RI (Private)