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Abbott Capital

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.

Abbott Capital was founded on the principle that long-term continuity and accountability are essential to constructing and managing high quality private equity portfolios. 

Abbott has long believed that a private equity manager should be subject to high standards for governance and transparency, which help inform our core values:

  • Client-centricity
    • We apply a fiduciary mind-set to ensure that everything we do, every day, is ultimately about delivering a better solution or outcome for our clients.
  • Integrity

    • We aim to recruit, mentor, develop and retain professionals who display the highest level of professional and personal integrity.

  • Intellectual Honesty

    • We challenge ourselves to find the best ideas for our clients; we encourage open dialogue, apply critical thinking, and rely on unbiased research and analysis.

  • Diversity

    • We believe that our business is stronger when it includes different perspectives, work experiences, and educational backgrounds, and we strive to maintain a firm that represents that diversity.

  • Collaboration

    • We feel most engaged in a collegial and cooperative work environment where each of us displays the highest standards of professionalism and respect.

We believe that these values are best understood by our investors, in a relationship that is open and transparent, and works to fulfil each investor’s objectives.

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]

ESG risks and opportunities are integrated into our investment process and client portfolios.  Abbott’s investment philosophy is grounded in a fundamental, bottom up approach that seeks to understand the future performance potential for each investment opportunity, based on a detailed evaluation of the general partner’s team, key value drivers, demonstrated ability to deliver attractive returns in a variety of market environments, and clarity and feasibility of investment strategy.

As previously noted, Abbott reviews general partners' ESG factors when monitoring active funds, and when evaluating new investment opportunities, as part of its investment approach and process. Under its ESG approach, Abbott, where consistent with its fiduciary duty to its clients, undertakes the following activities when evaluating a manager:

  1. Consider the manager's commitment to identifying and assessing SRI/ESG related risks and opportunities
  2. Assess the resources available to a manager when seeking to integrate SRI/ESG into their investment process
  3. Determine whether a manager's policies require it to seek to use government structures that provide for appropriate levels of oversight in the areas of audit, risk management and when conflicts arise

Abbott monitors the actions of its general partners by attending their annual meetings and where possible, obtaining advisory board seats. Abbott may review several ESG factors when monitoring general partners, including, but not limited to:

  • Investment restrictions and any controversial investment decisions
  • ESG portfolio characteristics
  • Information on any ESG incidents
  • Discussion points related to ESG policies as they arise

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

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

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.

It is Abbott's policy to take reasonable steps to prevent conflicts of interest constituting or giving rise to material risk of damage to the interest of its clients.  In cases where these steps are not sufficient to ensure, with reasonable confidence, that risk of damage to the client's interests will be sufficiently mitigated, Abbott Capital will disclose the nature and source of the conflict to the client before undertaking business for that client.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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