While the global scale of the societal challenges we are facing may seem insurmountable, we are confident in our ability to participate in the transition toward a more sustainable world, through selecting projects and managers driven by a strong sense of purpose: innovate and change the market behaviours by measuring the true bottom line of a company. This requires investors to engage deeply with the company and help evaluate externality and ultimately introduce the notion of true cost accounting. The allocation of private capital will encourage the changes and help achieve the ambitious targets set forth by the Paris Agreement and the United Nations SDGs.
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”Keeping impact at the core of what we do is a way to ensure that our investment strategy is intentional, and that its positive societal and/or environmental impact is replicable.
Private assets strategies may be difficult to access for investors, and they come with constraints such as the entry ticket size and lower liquidity.
Investing through a fund of private equity funds helps sector diversification, as well as maturity in underlying projects and size risks. Impact focused funds could be venture capital firms working on disruptive solutions, as well as growth and private equity firms willing to accelerate the transition. Investing through an evergreen private debt fund offers liquidity windows for investors, rolling positions, management of the investment level in the portfolio. Mandating a specialised multi-management team offers investors access to a balanced portfolio of carefully chosen managers or financial institutions supporting promising projects at various stages of development.
Our commitment to impact transpires at each step of our process. At the due diligence stage, we make sure that the selected funds share our goals and values of transparency and integrity. We work hand in hand with the funds to set clear and measurable impact objectives and their associated KPIs, which will drive our partnership and the structure of the reports. Our remuneration system itself ensures full alignment of interests.
participations and 47 underlying companies
to 75 institutions
SDGs at the heart of our philosophy
We invest in a variety of projects which we believe will contribute to improving the world we live in. We look for partners for the long term, and work with them hand in hand to achieve the targeted impact with a high level of transparency at all stages.
We carefully select underlying managers or financial institutions with predefined impact objectives to ensure that the investment strategy, and its positive social and/or environmental impact, are intentional and closely monitored. We work closely with the projects on the ground to define impact objectives, and measure and monitor the KPIs (Key Performance Indicators). This allows us to report regularly on impact achieved at the aggregate level.
The investment committee is the place where fund and manager selection decisions are made. The impact committee gathers the investment team, independent experts in relevant impact fields, and investor representatives. It has an advisory role to validate the impact investment thesis, its KPIs and expected outcome. A risk committee involving the investment and risk teams checks fund eligibility and regulatory compliance, and reviews the whole due diligence process.
We maintain a very close relationship with our investees, and act as a sustainable advisor: challenging, advising and supporting them through their sustainability and impact journey. Our general partners appreciate the added value we bring to their impact framework and the ongoing constructive dialogue we have with them.
Alignment of interests is an important factor for us. Our underlying funds’ remuneration system includes a carried interest linked to the generated impact: investment managers only receive performance fees if the socio-economic and financial performance targets are met.
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