Latest version uploaded: 29.06.2025
Futury Capital GmbH („Futury Capital“); LEI: 391200S485559N65EQ24, and Futury Private Venture GmbH („Futury Private Venture“), LEI: 391200CHP0U0Q3QTSP10 are alternative investment fund managers within the meaning of the German Investment Code (Kapitalanlagegesetzbuch, “KAGB”) and, in case of Futury Capital, the EuVECA-Regulation. The following information is published 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 November 2019 on sustainability disclosure requirements in the financial services sector („SFDR“).
1. Art. 3 (1) SFDR – Sustainability Risks
Futury Capital recognises that sustainability risks, meaning environmental, social or governance events or conditions that, if they occur, could cause an actual or a potential material negative impact on the value of the investment, may financially harm its investments.
To prevent such harm, Futury Capital integrates sustainability risks in its investment decision-making process during its due diligence of potential investments via obligatory ESG-related assessments and analyses, as well as in its ongoing portfolio and asset management. Where a material sustainability risk has been identified, the responsible investment professional shall re-evaluate the investment and decide on appropriate action, including mitigation measures or abandoning the investment in accordance with the proportionality principle.
Futury Private Venture is an internally managed fund-of-funds that conducts its investments through Futury Venture Beteiligungen Deutschland-Hessen GmbH, a pool shared with the state of Hesse. Futury Private Venture’s 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.
2. Art. 4 (1) SFDR – No consideration of adverse impacts of investment decisions on sustainability factors
Futury Capital:
Futury Capital does not consider principal adverse impacts (“PAI”) of investment decisions on sustainability factors. “Sustainability factors” mean environmental, social, and employee matters, respect for human rights, anti-corruption, and anti-bribery matters. The standardized catalog of PAI indicators (“PAII”) provided by Annex I of the regulatory technical standards issued under the SFDR is not tailored to the specific needs of the Futury Capital early-stage investment strategy.
In many instances, data will be insufficient for analyzing PAI, and on occasions where data is obtainable, it tends to offer limited comparability and provides only minimal additional insights for Futury Capital. Therefore, collecting data on PAII will not only increase the administrative burden and costs but also fail to provide a new perspective for 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 an internally managed fund-of-funds with one target pool, Futury Private Venture has determined that the consideration of PAI does not represent a meaningful or effective framework for this investment strategy.
3. Art. 5 (1) SFDR – Remuneration Disclosure
As registered alternative investment fund managers within the meaning of the 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.
Article 10 SFDR – Sustainability-Related Disclosures
Publication date: 07.07.2025
Futury Capital GmbH, LEI: 391200S485559N65EQ24, is the alternative investment fund manager of Futury Fonds III GmbH & Co. KG (“Futury Fonds III”), LEI: 391200UDYLV00FCZC178, within the meaning of the German Investment Code (Kapitalanlagegesetzbuch) and as such publishes 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 November 2019 on sustainability disclosure requirements in the financial services sector (“SFDR”).
Summary
This financial product promotes environmental and social characteristics but does not have as its objective a sustainable investment within the meaning of Article 2 No. 17 SFDR. The consideration of environmental and social characteristics is carried out both before and after the investments through ESG assessments and ongoing monitoring. Futury Fonds III incorporates exclusion (negative screening) aspects during its decision-making process. 100% of the investments will be in line with its investment strategy and investment restrictions.
No reference benchmark has been designated to attain the environmental or social characteristics promoted by the financial product.
Zusammenfassung
Dieses Finanzprodukt bewirbt ökologische und soziale Merkmale, strebt aber keine nachhaltigen Investitionen im Sinne der Definition des Artikel 2 Nr. 17 SFDR an. Die Berücksichtigung ökologischer und sozialer Merkmale erfolgt sowohl vor als auch nach der Investition durch ESG-Analysen und kontinuierlichem Monitoring. Futury Fonds III berücksichtigt Ausschlusskriterien (Negativ-Screening) im Rahmen des Investitionsentscheidungsprozesses. 100 % der Investitionen werden im Einklang mit der Anlagestrategie und den Anlagebeschränkungen getätigt.
Es wurde kein Referenzwert benannt, um die mit dem Finanzprodukt beworbenen ökologischen oder sozialen Merkmale zu erreichen.
No Sustainable Investment Objective
This financial product promotes environmental or social characteristics, but does not have as its objective sustainable investment.
Environmental or Social Characteristics of the Financial Product
The promoted characteristics are investment restrictions including but not limited to fossil fuels, controversial weapons, gambling, tobacco, and companies that violate human rights.
Futury Fonds III will make commercially reasonable efforts through corporate governance or otherwise that portfolio companies continue to comply with the investment restrictions during the term of the investment.
No reference benchmark has been designated for the purpose of attaining the environmental and social characteristics promoted by Futury Fonds III.
Investment Strategy
Futury Fonds III intends to seek long-term capital appreciation through equity and quasi-equity investments in innovative companies that are primarily active in the technology sector and take sustainability aspects into account in their business activities.
No investments are made in the area of exclusions (see above). As part of the due diligence and ongoing investment management, the investment team for Futury Fonds III will initially and continuously monitor whether the investment restrictions are abided by and whether the investment falls within the investment policies.
As part of the due diligence and ongoing investment management, the investment team will review whether a potential investee company has good governance practices in place. This might include using ESG (environmental, social, and governance) criteria to evaluate companies‘ performance in areas such as labor practices, human rights, and corporate governance, conducting due diligence on investee companies to assess their management structures, employee relations, and tax compliance, engaging with investee companies through to encourage improvements in governance practices if necessary. The intensity of the assessment is carried out in accordance with the principle of proportionality. Where Futury Fonds III sees higher risks of non-compliance, the audit will be intensified. Futury Fonds III will be at least partly reliable on the information provided by the Portfolio Companies. Unless there is evidence to suggest that the information provided is incorrect, it will not be examined for accuracy.
Proportion of Investments
Futury Fonds III will invest fully in line with its investment strategy and investment restrictions. Futury Fonds III will not invest a portion of its capital in any other asset class.
Monitoring of Environmental or Social Characteristics
The investment team for Futury Fonds III will initially and continuously monitor whether the investment restrictions are abided by and whether the investment falls within the investment policies. Futury Fonds III will not make any investment in the excluded sectors unless previously approved by the advisory committee. Therefore, the achievement of the promoted ESG aspects – no investment within the excluded sectors – can be tracked in a simple way.
Methodologies for Environmental or Social Characteristics
Any potential portfolio company is assessed against the list of excluded sectors prior to an investment. Futury Fonds III verifies on an ongoing basis that no investment falls within any of the sectors excluded under its investment policy.
Data Sources and Processing
Futury Fonds III receives data provided by the portfolio companies as part of the due diligence process and at regular intervals after the investment. Where necessary or beneficial, Futury Fonds III also makes use of publicly available data. Data processing is exclusively internal and DSGVO compliant. Estimates of data are not made.
Limitations to Methodologies and Data
Futury Fonds III is partly reliant on the information provided by portfolio companies during the due diligence process. Moreover, in the post-investment phase, Futury Fonds III is reliant on the company’s reported data. In both cases, complete data may not always be available due to the nature of the investments. The information is verified only if and to the extent misrepresentations are suspected.
Since Futury Fonds III’s investments are made for a multi-year investment period, Futury Fonds III places a high priority on establishing a trusting working relationship with the portfolio companies to ensure that data is submitted reliably and completely and that the above restrictions are met.
Due Diligence
Futury Fonds III considers the promoted ESG aspects when sourcing new portfolio companies for Futury Fonds III and during the due diligence on targeted portfolio companies. The due diligence is performed by obtaining all information relevant to Futury Fonds III using a due diligence questionnaire, which is then reviewed internally. If necessary, further specific information is also obtained from the potential portfolio companies, should this still be necessary after the detailed questioning. The due diligence process is not externally monitored.
Engagement Policies
Futury Fonds III invests in the portfolio companies for a period of several years. Therefore, Futury Fonds III makes it a priority to establish and maintain a trusting working relationship with the portfolio companies in order to continuously comply with the investment restrictions. Futury Fonds III thus also intends to establish or strengthen the consideration of sustainability risks at the portfolio level. Futury Fonds III is in constant dialogue with the portfolio companies, but as a venture capitalist without majority ownership, the influence Futury Fonds III can exert on the portfolio companies is limited.