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Acumen LatAm Impact Ventures LLC

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.

Investment thesis: The growing inequality in the Latin America, coupled with the rise of high caliber mission driven entrepreneurs that are addressing the needs of low income population presents a substantial opportunity for investors to achieve both social and financial returns while making a lasting impact. These companies are an important engine of growth in the region and have the capacity to truly drive change. However, most of these enterprises struggle to obtain investment capital. ALCP intends to provide critical capital and operational support to enable these businesses to scale their operations, maximize their impact and reach long-term financial profitability.

Impact and ESG considerations: ALCP's main impact objective is to tackly poverty by investing in early growth companies in the agribusiness, education and access to energy sectors. Primarily, the fund tracks industry-specific impact metrics, using Acumen’s framework to measure impact (breadth, depth, poverty focus). In addition, gender-related metrics are measured across sectors. ALCP tracks its contribution to the attainment of certain Sustainable Development Goals in its target countries. Finally, ALCP includes ESG considerations into every phase of the investment cycle, from due diligence (based on IFC ESG Performance Standards) to portfolio management, by supporting investees to adapt best ESG practices. 

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]

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.

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

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.

  • Interested persons have a duty to disclose any actual or possible conflict of interest to the Limited Partner Advisory Committee (LPAC).  If a person fails to disclose an actual or possible conflict of interest, the LPAC will take disciplinary and corrective actions.            
  • After disclosure, LPAC decides if a conflict of interest or related party transaction exists
  • If a conflict of interest exists, the LPAC shall appoint a disinterested person or committee to investigate alternatives to the proposed transaction of arrangement.
  • After due diligence, the LPAC will determine whether the Fund can obtain a more advantageous transaction of arrangement from a person or entity that does not have a conflict of interest.
  • If a more advantageous alternative is not possible, the LPAC will determine by majority vote of disinterested members whether the proposed transaction or arrangement is the in Fund’s best interest, for its own benefit, and whether it is fair and reasonable.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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