Introduction
Serendipity Partners Management AS (Serendipity Partners) is an alternative investment fund manager registered with the Financial Supervisory Authority of Norway. As a registered alternative investment fund manager, Serendipity Partners is subject to Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR). Serendipity Partners is (pursuant to SFDR articles 3, 4 and 5) required to disclose information on its policies for integration of sustainability risk in the investment decision-making process, its remuneration policy and whether it considers the principal adverse impacts of its investment decisions.
Integration of sustainability risk in the investment decision-making process
Serendipity Partners integrates sustainability risk in its investment decision-making process for funds under management. Sustainability risk means an environmental, social or governance-related event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of an investment.
Serendipity Partners manages funds that focus on healthcare companies in Europe, with a special emphasis on the Nordics. Investments in companies with poor sustainability performance may expose the funds to, inter alia, reputational risk, regulatory risk and financial risk and may as such have a negative impact on the funds’ return. Serendipity Partners seeks to identify and assess sustainability risks associated with its investments, such as risks related to climate change, human rights violations, corruption, poor governance standards, compliance with healthcare regulations, supply chain issues, ethical considerations in clinical trials etc.
Tailored to each investment opportunity, Serendipity Partners may apply some or all of the following measures to seek to mitigate sustainability risks, both pre-investment and during the holding period:
- Conducting due diligence on company and industry-specific sustainability risks during the investment process
- Integrating ESG factors into the risk management and decision-making processes
- Engaging with investee companies on sustainability risks and promoting ESG best practices
- Monitoring and reporting on ESG-related performance of investee companies
- Supporting the development and implementation of ESG action plans for selected investee companies
- Leveraging ESG expertise and resources from external partners and networks.
Information on remuneration policies
As a registered alternative investment fund manager, Serendipity Partners is not subject to the requirements applicable to authorized alternative investment fund managers with respect to remuneration policies.