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Ant Capital Partners Co., Ltd

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

We are committed to managing our investments to achieve steady financial returns for our investors whilst taking into consideration ESG issues. Our investment thesis recognizes the importance of building and maintaining relationships with our investees, which ultimately leads to better investment returns.

Our business is based on two types of investment approach: 

- Buyout investment: the investment team is actively involved in the management of investee companies, taking a hands-on approach in enhancing corporate value of investee companies to create value for our investors

- Secondary investment: we operate two types of funds, LP Interest investment and secondary direct investment, which support the financing requirements of investee companies and capital restructuring.

In both investment strategies, ESG factors are taken into consideration throughout the investment process, starting with the selection of investee companies. Our ESG checklist is completed for investments under consideration and reviewed at the investment committee where discussions take place regarding how ESG can contribute to enhancing the corporate value of the investee company. In addition, results of the assessment of “worst-case scenarios” that take into consideration the impact of events such as changes in the economic environment, etc. are discussed when considering investments with post-investment contingency developed.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

Our company-wide investment guidelines, which incorporate ESG considerations through our Responsible Investment Policy and ESG Checklist, provide the base for the investments we make. 

We believe that complying with the Financial Instruments and Exchange Act and investment guidelines agreed with investors are important elements in complying with PRI. In particular, holding regular monitoring meetings allows us to have a good understanding regarding the status of our investee companies and enabling us to promptly respond in the case of issues requiring our attention. 

In the case of buyout investment as, in principle, we take a majority investment position we also obtain a majority position on the board of directors and are in a position to exercise our voting rights as a major shareholder at the general meetings of shareholders. Even in the case of minority investments, for example secondary investments, we periodically assess the performance of our investee companies and exercise our voting rights in shareholders’ meetings based on our own analysis.

Note: Fund-of-fund investments, co-investments and investments made prior to the introduction of our Responsible Investment Policy are excluded from the scope of the Responsible Investment Policy. 

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

In managing the fund, our internal guidelines state that we will properly manage conflicts of interest in accordance with the fund’s contract. Checks will be made, even after an investment committee meeting, every time a transaction related conflict of interest occurs by internal control and internal audit functions to assess legal compliance. In some cases external experts such as legal advisors will be consulted and management meetings held.

03.3. Additional information. [Optional]

(Continued from SG3.2)

Our advisory committee discusses matters related to actual and potential conflicts of interest existing between funds and general partners or their parent companies/subsidiaries, affiliates, or the executive officers/employees thereof and other such problems. Additionally, the system is set up so that in the event that a limited partner or a party related to it begins doing business with an investee company through an introduction by a general partner, the general partner provides the advisory committee with an overview and the main terms of the deal. Matters related to actual and potential conflicts of interest existing between general partners and their parent companies/subsidiaries, affiliates, or the executive officers/employees thereof and other such problems in general partner operations are discussed at meetings of the Board of Directors and management meetings.


SG 04. Identifying incidents occurring within portfolios (Private)


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