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Pareto Alternative Investments AS

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy


SG 01. RI policy and coverage


01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類と対象範囲を示してください。


01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

01.4. 組織の投資原則および全体の投資戦略、受託者義務(または同等のもの)の解釈、ならびに、ESGファクターおよび実体経済の影響をどのように考慮に入れているかについて説明してください。

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. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。[任意]

01.6. 補足情報 [任意]


SG 01 CC. Climate risk (Private)

SG 02. Publicly available RI policy or guidance documents


02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

02.3. 補足情報 [任意]

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. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

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. 補足情報 [任意]

SG 04. Identifying incidents occurring within portfolios (Private)