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Pareto Alternative Investments AS

PRI reporting framework 2020

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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.

Pareto Alternative Investments (PAI) focuses on illiquid investments in real assets across industries including real estate, infrastructure, shipping, offshore/oil services and renewables. The primary investment target is to generate attractive returns through long-term and stable cash flows. PAI offers both equity and private debt mandates within real assets.

PAI generally has a position as a majority owner or sole owner of real assets, as well as a position as majority or sole lender to companies owning real assets. Therefore, PAI believes it has a responsibility towards society, as well as its investors, to ensure that such real assets are built, operated and managed in a responsible manner.

The investments are according to specific mandates and strategies for each fund or vehicle. Some existing funds have explicit RI guidelines and principles for investments, with corresponding reporting requirements to the investors as part of their mandates and partnership agreements. Other funds have no such requirements, but PAI is seeking to incorporate responsible investment practices in such funds, expected to be completed in 2020. All new fund/mandates that are being established have extensive RI policies built in.

PAI has developed a climate strategy for its existing mandates based on the TCFD framework.

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.

URL/Attachment

URL http://www.paretosec.com/upload/files/Responsible%20Investment%20Policy%20for%20Pareto%20Alternative%20Investments%20Feb20%20Update.pdf

Attachment

Responsible Investment Policy for Pareto Alternative Investments Feb20 Update.pdf

URL/Attachment

URL http://www.paretosec.com/upload/files/Responsible%20Investment%20Policy%20for%20Pareto%20Alternative%20Investments%20Feb20%20Update.pdf

URL/Attachment

URL http://www.paretosec.com/upload/files/Responsible%20Investment%20Policy%20for%20Pareto%20Alternative%20Investments%20Feb20%20Update.pdf

URL/Attachment

URL http://www.paretosec.com/upload/files/Responsible%20Investment%20Policy%20for%20Pareto%20Alternative%20Investments%20Feb20%20Update.pdf

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

URL/Attachment

URL http://www.paretosec.com/upload/files/Responsible%20Investment%20Policy%20for%20Pareto%20Alternative%20Investments%20Feb20%20Update.pdf

URL/Attachment

URL http://www.paretosec.com/upload/files/Responsible%20Investment%20Policy%20for%20Pareto%20Alternative%20Investments%20Feb20%20Update.pdf

URL/Attachment

URL http://www.paretosec.com/upload/files/Responsible%20Investment%20Policy%20for%20Pareto%20Alternative%20Investments%20Feb20%20Update.pdf

02.3. Additional information [Optional].

All guidelines are incorporated in the same RI Policy document, which is uploaded in section SG 02.1.

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.

The business and activities of PAI shall at all times be managed to ensure that the risk of conflicts of interest between PAI and its clients, as well as between PAI's clients. In the case where conflicts of interest cannot be avoided, PAI shal ensure that the clients' interests rank ahead of PAI's interests and that certain clients are not granted unreasonable benefits at the expense of other clients.

PAI's internal regulations regarding conflicts of interest relate to potential conflicts of interest between funds and/or vehicles, between employees of PAI and the clients of PAI or its funds/vehicles, between PAI and its clients/investors, as well as between PAI and other companies in the Pareto Group.

The Managing Director and the Compliance Officer have the responsibility for identifying possible conflicts of interests and the Compliance Officer is responsible for establishing the relevant measures to deal with conflicts of interest.

All mandates for funds/vehicles also incorporate clauses regarding conflicts of interest and how such conflicts shall be treated and resolved.

 

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios (Private)

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