Entity-Level Disclosure
Information relating to Liberta Partners GmbH and Liberta Partners Management GmbH
Liberta Partners GmbH (LEI: 391200MCXOCBLVX9P822) is a registered capital management company (Kapitalverwaltungsgesellschaft) within the meaning of the German Investment Code (KAGB) and publishes the following information in connection with the consideration of sustainability-related aspects pursuant to Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (“SFDR”).
Liberta Partners Management GmbH (LEI: 3912000939SCA3RHZM58) is also a registered capital management company within the meaning of the KAGB and publishes the following information in connection with the consideration of sustainability-related aspects pursuant to SFDR.
The following information applies to both Liberta Partners GmbH and Liberta Partners Management GmbH (together, the “Liberta Management Companies”).
The special AIFs managed by Liberta Partners GmbH and Liberta Partners Management GmbH focus their investments, irrespective of industry, on corporate carve-outs and succession situations, provided that a majority acquisition is possible. Target companies should have their headquarters in the DACH region (in exceptional cases also in neighboring countries). Where target companies demonstrate significant development potential, investments may also be made in complex restructuring situations.
The following information relates to the sustainability policy and the management and investment decision-making processes of the Liberta Management Companies in general.
Article 3 SFDR
Strategies for Addressing Sustainability Risks
Integration of Sustainability Risks
Liberta Partners GmbH and Liberta Partners Management GmbH integrate sustainability risks into their investment decision-making processes as well as into their ongoing management activities.
“Sustainability risks” refer to environmental, social or governance events or conditions that, if they occur, could have an actual or potential material negative impact on the value of the investments.
The identification, assessment and management of material sustainability risks are an important component of the business activities of the Liberta Management Companies.
To ensure responsible conduct, environmental, social and governance standards (ESG) are developed as part of the strategy of the Liberta Management Companies, and corresponding processes as well as an ESG policy are implemented.
Investment Decision
As part of the selection process for new investment opportunities, the Liberta Management Companies assess sustainability factors of potential portfolio companies using their own ESG scoring model.
The required information is obtained through targeted ESG due diligence, review of relevant documentation, interviews with representatives of potential portfolio companies, and secondary analyses.
Based on this, the Liberta Management Companies create a comprehensive sustainability profile of the portfolio companies, systematically assess sustainability risks, and develop an ESG sustainability plan for each portfolio company.
The results of the ESG scoring model are taken into account by the investment committees as part of the decision-making process.
Holding Period of Portfolio Companies
The Liberta Management Companies aim to systematically develop portfolio companies during the holding period and unlock potential.
To achieve this, a value creation strategy is defined for each portfolio company. The ESG sustainability plan forms part of this strategy.
During the holding period, the progress of the ESG sustainability plan and the identified sustainability risks are regularly reviewed and assessed within the framework of risk management.
The Liberta Management Companies aim to implement the ESG sustainability plan for each portfolio company, as this may have a positive impact on profitability.
Regular Review of ESG Activities
The Liberta Management Companies regularly review their procedures for integrating sustainability risks to ensure that new risks and requirements are taken into account.
Additional ESG Activities
The Liberta Management Companies have offset their annual CO₂ emissions through climate protection projects in cooperation with ClimatePartner and are therefore certified as climate-neutral companies.
The Liberta Management Companies regularly support social and sustainable projects, and each employee engages in several hours of voluntary work per year.
Article 4 SFDR
Transparency of Adverse Sustainability Impacts at Entity Level
No Consideration of Principal Adverse Impacts (PAI)
Article 4 SFDR establishes a framework for transparency regarding potential adverse impacts of investment decisions on sustainability factors (“Principal Adverse Impacts” or PAI).
Currently, the Liberta Management Companies do not consider adverse impacts of investment decisions on sustainability factors within the meaning of Article 4 SFDR, as they believe that the information available to them regarding investments is not yet sufficient to enable such consideration.
The Liberta Management Companies will monitor developments in data availability and assess whether it will be possible in the future to provide the disclosures required under Article 4 SFDR.
Article 5 SFDR
Transparency of Remuneration Policies in Relation to Sustainability Risks
The Liberta Management Companies, as registered capital management companies, do not have a remuneration policy within the meaning of the KAGB.
Employee remuneration consists of fixed and variable components combined with topic-specific bonuses.
Employees are required to consider sustainability risks in investment decision processes using the ESG scoring model and to identify and assess sustainability risks during the holding period in accordance with the ESG sustainability plan.
This is monitored by senior management and may be taken into account when determining variable remuneration.
The remuneration model for fund management also includes a carried interest component, which incentivizes the consideration of sustainability risks, as such risks may negatively affect the value of investments and thus the achieved returns.
The above information on the remuneration policy has been updated to provide a more precise overview of the applied remuneration model.
Diese nachhaltigkeitsbezogenen Offenlegungen beziehen sich auf das folgende Finanzprodukt: | These sustainability-related disclosures relate to the following financial product: |
Kommanditanteil an der Liberta Partners Fund II GmbH & Co. KG (der „Fonds“) | Limited partnership interest in Liberta Partners Fund II GmbH & Co. KG (the „Fund“) |
| Der Fonds wird von der Liberta Partners GmbH („Managementgesellschaft“) als externe Kapitalverwaltungsgesellschaft verwaltet. | The Fund is managed by Liberta Partners GmbH („Management Company“) as an external capital management company. |
| Diese nachhaltigkeitsbezogenen Offenlegungen umfassen Informationen zu den ökologischen und sozialen Merkmalen des Finanzprodukts gemäß Art. 10 der Verordnung (EU) 2019/2088 des Europäischen Parlaments und des Rates vom 27. November 2019 über nachhaltigkeitsbezogene Offenlegungspflichten im Finanzdienstleistungssektor, die vorschreibt, dass Unternehmen Informationen zu allen ökologischen oder sozialen Merkmalen veröffentlichen, die mit einem Finanzprodukt gefördert werden. Das vorliegende Dokument soll eine Beschreibung dieser Merkmale für den Fonds liefern, zusammen mit Informationen über die Methoden, die zur Bewertung, Messung und Überwachung dieser Merkmale verwendet werden. | This sustainability-related disclosure includes information relating to environmental and social characteristics of the financial product in accordance with the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (SFDR), which requires that firms publish information on any environmental or social characteristic that their products promote. This document is intended to provide a description of these features for this Fund, together with information on the methodologies used to assess, measure and monitor them. |
| 1. Zusammenfassung / Summary | |
| Der Fonds fördert ökologische oder soziale Merkmale, verwendet jedoch keinen Referenzwert, um dies zu erreichen und tätigt keine nachhaltigen Investitionen. | The Fund promotes environmental and social characteristics; however, it does not use a reference benchmark for the purpose of attaining this or make any sustainable investments. |
| Der Fonds wird das eingesammelte Kapital zum weit überwiegenden Teil in Unternehmensbeteiligungen (vornehmlich Mehrheitsbeteiligungen) von nicht börsennotierten Unternehmen investieren. Dabei wendet der Fonds eine Ausschlusspolitik an, die Investitionen in Unternehmen ausschließt, die in bestimmten Bereichen tätig sind, wie im nachstehenden Abschnitt über die Anlagestrategie beschrieben. Die Good-Governance-Praktiken der Unternehmen, in die investiert wird, werden anhand des Due-Diligence-Prozesses und interner Verfahren bewertet, sofern verfügbar. Die Erreichung der ökologischen und sozialen Merkmale wird durch ein internes Compliance-Screening und die Auswertung von Daten aus Drittquellen überwacht. | The fund will invest the capital provided by investors predominantly in equity investments (primarily majority interests) in unlisted companies. In doing so, the Fund will apply an Exclusion Policy which excludes investments in companies which are involved in certain activities as described in the Investment Strategy section below. Good governance practices of investee companies are assessed based on the due diligence process and internal procedures, where available. The attainment of the environmental and social characteristics is monitored through internal compliance screening and the evaluation of data from third-party sources. |
| Der Fonds verwendet die ihm vor seiner Anlageentscheidung in der Due-Diligence-Prüfung offengelegten Daten sowie die von der Geschäftsführung der Portfolio-Unternehmen bereitgestellten Informationen, um die Einhaltung der Ausschlusspolitik sicherzustellen. Jedoch bezieht sich die Ausschlusspolitik nur auf direkte Tätigkeiten der Portfolio-Unternehmen und nicht auf Aktivitäten von deren Geschäftspartnern. Infolgedessen ist es möglich, dass indirekt Aktivitäten gefördert werden, die mit der Ausschlusspolitik nicht vereinbar sind. | The Fund uses the data disclosed to it in the due diligence process prior to its investment decision, as well as the information provided by the management of the portfolio companies, to ensure compliance with the Exclusion Policy. However, the Exclusion Policy only applies to direct activities of the portfolio companies and not to activities of their business partners. As a result, activities that are inconsistent with the Exclusion Policy may be indirectly promoted. |
| Die Managementgesellschaft hat Due-Diligence-Prozesse eingeführt, anhand derer sichergestellt wird, dass Anlageentscheidungen im besten Interesse des Fonds und seiner Anleger getroffen werden. | The Management Company has due diligence processes in place to ensure that investment decisions are made in the best interest of the Fund and its investors. |
| Der Fonds wird sich aktiv mit dem Management der Portfolio-Unternehmen auseinandersetzen, um die Entwicklung von Best Practices zur Verbesserung der Berücksichtigung von ESG-Belangen zu fördern. | The Fund will actively engage with portfolio company management to encourage evolving best practices to improve their ESG considerations. |
2. No Sustainable Investment Objective
The Fund promotes environmental or social characteristics but does not pursue sustainable investments.
3. Environmental or Social Characteristics
The Fund may not acquire interests in companies active in the following sectors:
4–12
(Investment strategy, allocation of investments, monitoring, methodologies, data sources, limitations, due diligence, engagement policy and reference benchmark provisions for Fund II and Fund III are identical in substance and follow the same structure and wording as set out above for Fund II.)
Both funds:
