TMCnet News
Mirova Opens Impact Private Equity Fund to Canadian InvestorsMirova, an affiliate of Natixis Investment Managers (Natixis IM), with over $26.7 billion assets under management(1), today announced that for the first time it has opened access to its Impact Private Equity fund to qualified Canadian investors. Mirova has built a reputation as a significant player in unlisted impact financing, through investment strategies in energy transition infrastructure, social and solidarity companies, and natural capital project financing. In September 2021, Mirova announced the launch of its first Impact Private Equity Fund, which invests in companies that provide sustainable innovative solutions and technologies contributing to the environmental transition. This specialized professional fund, Mirova Environment Acceleration Capital(2), is now available to Canadian investors through a feeder fund structured as a Canadian Limited Partnership - Mirova Environment Acceleration Capital Canada L.P(3). Innocap acts as investment fund manager for this feeder vehicle. The Fund aims to accelerate positive impact on the environment and society while delivering compelling financial returns by investing in projects that use mature technologies undertaken by private firms. The Fund uses an opportunistic and flexible approach to take minority or majority positions in these businesses. Marc Romano, Head of Private Equity Impact at Mirova, said: "With less than 10 years remaining to achieve the UN's SDGs, private equity investors have a critical role to play in helping the world face its urgent environmental challenges. We are delighted to bring this fund to investors as we look for opportunities to invest in companies that have proven, mature and innovative solutions or technologies, and are willing to implement strong ESG standards." Mirova's private equity team benefits from the support of Mirova's responsible investment research team, which has been analyzing sectors and actors involved in the environmental transition for almost 10 years. The team invests in five main environmental themes: smart cities, natural resources, agri-agro technologies, circular economy and clean energy. Anne-Laurence Roucher, Deputy CEO and Head of Private Equity and Natural Capital at Mirova, said: "Environmental transition is absolutely critical in our global economy. Mirova intends to play a significant role in this transition by investing capital in responsible companies while seeking strong financial returns for our investors." The information given above does not constitute a contractual element or investment advice. Access to the products and services presented here may be restricted to certain persons or countries. (1) Assets under management ("AUM") as of June 30, 2022. AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers. (2) Mirova Environment Acceleration Capital is a Société de Libre Partenariat (SLP) under French law (FPS, FIA) composed of several distinct sub-funds (MEAC 1 and MEAC 2), open to subscription by eligible investors as defined in its regulations. Mirova is the management company. Approval from the supervisory authority is not required for this fund. This fund does not offer liquidity: redemption is not possible until the final liquidation of the fund, i.e. for 10 years (plus a possible extension period of 2 years). Please refer to the Limited Partnership Agreement before making any final investment decisions. Mirova Environment Acceleration Capital is intended exclusively for eligible investors as defined in the fund rules, professional clients within the meaning of the MiFID Directive, and individual investors who have knowledge and/or experience of these types of products, who have obtained appropriate investment advice and who have the capacity to bear losses up to the amount invested in the fund, as there is a risk of capital loss. This fund is unsuitable for individual investors who cannot withstand such long-term illiquid investments. The investor is solely responsible for determining whether they have met the eligibility requirements of 150-0 B ter or 150-0 A, III, and 163 inquires B of the French General Tax Code. Subscribers must take all useful advice from a qualified professional on the implications of an investment, asthe Management Company cannot incur any liability in this respect. This fund is not subject to the approval of a supervisory authority. The fund is notably exposed to the risks of capital loss, discretionary management risk, valuation risk, counterparty risk, liquidity risk, sustainability risk, country risk, operational risk, regulatory risk, currency risk, credit risk, interest rate risk, and investment strategy risk. (3) Mirova Environment Acceleration Capital Canada Limited Partnership is a limited partnership established under the laws of the Province of Ontario. It operates as a "feeder fund", investing substantially all of its assets in the MEAC 1 Sub-Fund. Consequently, by investing in the feeder fund, the Investor takes the same risks as if it had invested directly in the master fund. The feeder fund may not be suitable for retail investors who are unable to maintain such an illiquid long-term commitment. The Fund is intended for eligible investors as defined by the Fund's regulations. About Mirova Mirova is a management company dedicated to sustainable investment and an affiliate of Natixis Investment Managers. Through conviction management, Mirova's goal is to combine long-term value creation and sustainable development. Pioneers in many areas of sustainable finance, Mirova's talents aim to continue innovating in order to offer their clients solutions with high environmental and social impact. Mirova and its affiliates manage over $26.7 billion as of June 30, 2022. Mirova is mission-driven company, labeled B Corp*. *The reference to a ranking or a label does not prejudge the future performance of the funds or its managers. About Natixis Investment Managers Natixis Investment Managers' multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 20 active managers. Ranked among the world's largest asset managers1 with more than $1.1 trillion assets under management2 (€1.1 trillion), Natixis Investment Managers delivers a diverse range of solutions across asset classes, styles, and vehicles, including innovative environmental, social, and governance (ESG) strategies and products dedicated to advancing sustainable finance. The firm partners with clients in order to understand their unique needs and provide insights and investment solutions tailored to their long-term goals. Headquartered in Paris and Boston, Natixis Investment Managers is part of the Global Financial Services division of Groupe BPCE, the second-largest banking group in France through the Banque Populaire and Caisse d'Epargne retail networks. Natixis Investment Managers' affiliated investment management firms include AEW; AlphaSimplex Group; DNCA Investments;3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions and Natixis Advisors, LLC. Not all offerings are available in all jurisdictions. For additional information, please visit Natixis Investment Managers' website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers. Natixis Investment Managers' distribution and service groups include Natixis Distribution, LLC, a limited purpose broker-dealer and the distributor of various U.S. registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.
1 Cerulli Quantitative Update: Global Markets 2022 ranked Natixis Investment Managers as the 18th largest asset manager in the world based on assets under management as of December 31, 2021.
NATIXIS INVESTMENT MANAGERS
Legal information This document in no way constitutes an offer or a sales promotion to a person regarding whom it would be illegal to make such an offer. This document may not be used as an offer or a sales promotion in countries or in conditions where such offers or promotions have not been authorized by the competent authorities. Each investor must ensure he is authorized to invest in the Funds. Investments in the fund are mainly subject to loss of capital risk. The securities discussed should not be considered a recommendation to purchase or sell a particular security. The past performance of these securities is no guarantee of future results. This document is being circulated as an information-only document and does not constitute an offer, a proposal, or a solicitation to investors to invest in the funds described in this document and managed by Mirova nor does it form the basis of, or constitute, any contract. These products and services do not take into account any particular investment objectives, financial situation nor specific need. Mirova will not be held liable for any financial loss or decision taken or not taken on the basis of the information disclosed in this document, nor for any use that a third party might make of this information. This press release in no way constitutes an advice service, in particular an investment advice. In any case, you are responsible for reading regulatory documents of the fund and collecting any legal, accounting, financial, or tax consultancy service you may consider necessary, in order to assess the adequacy of your constraints to investment and its merits and risks. This document is a non-contractual document and serves for information purpose only. This Document may not be used in some jurisdictions where such offers or promotions have not been authorized by the competent authorities. Each investor must ensure he complies with these requirements and prohibitions. No information contained in this document may be interpreted as being contractual in any way. Information contained in this document is based on present circumstances, intentions and beliefs and may require subsequent modifications. No responsibility or liability is accepted by Mirova towards any person for errors, misstatements or omissions in this Document or, concerning any other such information or materials, for the adequacy, accuracy, completeness or reasonableness of such information. While the information contained in this Document is believed to be accurate, Mirova expressly disclaims any and all liability for any representations, expressed or implied, with respect to this Document or any other written or oral communication to any interested party in the course of the preparation of information concerning the Fund. Prices, margins and fees are deemed to be indicative only and are subject to changes at any time depending on, inter alia, market conditions. Mirova reserves the right to modify any information contained in this document at any time without notice. More generally, Mirova, its parents, its subsidiaries, its reference shareholders, the funds MIROVA manages and its directors, its officers and partners, its employees, its representative, its agents or its relevant boards will not be held liable on the basis of the information disclosed in this document, nor for any use that a third party might make of this information. This document consists of a document created and prepared by Mirova based on sources it considers to be reliable. However, Mirova does not guarantee the accuracy, adequacy or completeness of information obtained from external sources included in this document.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221026005136/en/ |
