Quadri Ventures I GP S.à r.l. (the “AIFM”), a Luxembourg-based registered alternative investment fund manager within the meaning of article 3(2)(b) of Directive 2011/61/EU of 8 June 2011 on alternative investment fund managers (AIFMD), acts as AIFM of Quadri Ventures I SCSp and Quadri Ventures II SCSp (together the Partnerships).
These disclosures are made for the purposes of Regulation (EU) 2019/2088 of 27 November 2019 on sustainability-related disclosures in the financial services sector (SFDR) and Regulation (EU) 2020/852 of 18 June 2020 on the establishment of a framework to facilitate sustainable investment (the Taxonomy Regulation).
I. AIFM-related disclosures
Transparency of sustainability risk policies – Article 3(1) SFDR
Sustainability risks are defined in SFDR as environmental, social or governance (“ESG”) events which, if they occur, could cause an actual or potential negative impact on the value of the Partnerships’ investments.
The AIFM may conduct sustainability due diligence on a case-by-case basis before making an investment, to assess potential ESG risks, review regulatory compliance, and identify governance or operational issues that could affect long-term value. There can be no assurance, however, that such due diligence will reveal all ESG risks or liabilities relating to an investment.
Relevance of sustainability risks
Given the investment objectives and strategies of the Partnerships, which focus on enterprise software and AI companies, the AIFM considers that sustainability risks are not expected to have a material impact on overall returns, though such risks may be relevant at the individual portfolio company level.
No consideration of principal adverse impacts – Article 4(1)(b) SFDR
Principal adverse impacts (“PAIs”) are defined in SFDR as the negative effects of investment decisions on sustainability factors (including environmental, social and employee matters, human rights, anti-corruption and anti-bribery).
Although ESG and sustainability risks are important to the AIFM, it does not currently consider PAIs in the manner prescribed by Article 4(1) of SFDR. This is due to:
- A lack of reliable and sufficiently available data across early-stage technology markets;
- The fact that the Partnerships’ investment strategies and objectives are not ESG-focused and are not likely to have a material impact on sustainability factors; and
- The fact that the Partnerships’ portfolio companies are not generally required to, and may not currently, report on such factors.
Remuneration – Article 5 SFDR
The AIFM’s remuneration policy is designed to discourage excessive risk-taking. It is not specifically linked to the integration of sustainability risks.
II. Partnership-related disclosures
Transparency under the Taxonomy Regulation – Article 7
The investments underlying these financial products do not take into account the EU criteria for environmentally sustainable economic activities.
Updates to these Disclosures
These disclosures may be updated from time to time to reflect changes in applicable regulation, industry practice, or the investment strategy of the Partnerships. The “Last updated” date at the top of this page will indicate when revisions have been made.
Contact
If you have any questions regarding these disclosures, please contact us:
By email: info@quadri.vc