Futury Capital GmbH (“Futury Capital”) is an alternative investment fund manager and FuturyPrivate Venture GmbH (“Futury Private Venture”) is an internal alternative investment fund manager within the meaning of the German Investment Code (Kapitalanlagegesetzbuch, KAGB) and, in case of Futury Capital, the EuVECA-Regulation and as such publish the following information in light of the consideration of sustainability-related aspects in accordance with Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November2019 on sustainability disclosure requirements in the financial services sector (the “SFDR”).
Article 3 SFDR - Sustainability risk policies statement
Futury Capital addresses sustainability risks in its investment decision-making process insofar as relevant. ‘Sustainability risk’ means an environmental, social, or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment. When identifying a sustainability risk during the due diligence on potential investments, Futury Capital decides in light of the specific situation taking due account of the proportionality principle whether it gives up on the investment or proceeds with the investment alongside appropriate measures to mitigate the relevant sustainability risk. Futury Private Venture is an internally managed fund-of-fund that conducts its investments through Futury Venture Beteiligungen Deutschland-Hessen GmbH, a pool shared with the state of Hesse – Futury Private Ventures means to consider sustainability risks are limited accordingly. Futury Capital and Futury Private Venture regularly review their policies to ensure that they address new and emerging risks as well as investors’ concerns.
Article 4 SFDR - No consideration of adverse impacts of investment decisions on sustainabilityfactors
Futury Capital:
Futury Capital does not consider principal adverse impacts (“PAI”) of investment decisionson sustainability factors for all of its managed funds but will consider PAI for the FuturyTransformation Fund GmbH & Co. KG (the“Futury Transformation Fund”) on the premise of data availability. ‘Sustainability factors’ mean environmental, social and employee matters, respect for human rights, anti‐corruption and anti‐bribery matters.
Due to the relatively new legislative and regulatory framework, Futury Capital does not commit to such standards for all funds under management in light of its fiduciary duty to its funds and its investors.
Futury Capital will constantly monitor and review the evolution around such regulations and standards and considers changing its position on adverse impacts once (i) a best practice has evolved among market participants, (ii) there is clear guidance by the administrations on the application of such regulations and (iii) the consequences of a commitment towards the consideration of principal adverse impacts are reasonably clear to Futury Capital.
Futury Private Venture:
Futury Private Venture does not consider principal adverse impacts of investment decisions on sustainability factors. ‘Sustainability factors’ mean environmental, social and employee matters, respect for human rights, anti‐corruption and anti‐bribery matters. Futury Private Venture does not use sustainability indicators. Considering its status as a fund-of-fund with one target pool, the relatively new legislative and regulatory framework that comes with numerous legal uncertainties and often a lack of reliable and structured data and the administrative burden resulting from such uncertainties, Futury Private Venture is not in a position to commit to such standards in light of its fiduciary duty to its investors.
Article 5 - Remuneration Disclosure
As registered alternative investment fund managers within the meaning of the German Investment Code (Kapitalanlagegesetzbuch, KAGB) and the EuVECA-Regulation, Futury Capital and Futury Private Venture do not have, and do not need to have, a remuneration guideline or policy in accordance with the requirements of the KAGB/EuVECA-Regulation. Sustainability risks are not considered with respect to the determination of remuneration.
This disclosure has been updated February 2023 to reflect the changes that have been introduced with the Futury Transformation Fund.
Last Version: 13/02/2023
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