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Ninety One

PRI reporting framework 2020

Export Public Responses

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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]

The integration of ESG considerations into the investment process is outlined in the fund's Investment Mandate as part of an fund raising strategy to a select target of developmental financial institutions who form the majority of the investors into the fund.

PE 04. Formal commitments to RI

04.1. Indicate whether your organisation made formal commitments to responsible investment in the, Limited Partnership Agreement (LPA) of your most recent fund(s), or through side letters when requested by investors.

If yes

04.2. Additional information. [OPTIONAL]

Ninety One  makes formal commitments to ensure the due diligence, management and monitoring processes of the investment are in line with investors' requirements. In addition, we commit to record developmental impact data on behalf of investors as part of the funds reporting requirements.

This is achieved through the LTA, which has explicit terms for Undertakings, Warranties and Reporting requirements for the portfolio company to comply. The LTA is based on ensuring the company is legally bound to Ninety One’s Environmental Social Management System’s principles, the IFC Performance Standard’s and any/all action plans.