IBS Special Opportunities Debt Fund

The fund provides access to the Special Situations, Capital Solutions and Distressed private debt strategies. With this combination of fund managers, we create diversification in this fund in terms of style, strategy, investment size and regional allocation.

Pemberton strategic credit fund III

The Pemberton Strategic Credit Fund III issues loans to companies which find themselves in a ‘special situation’. The company wants to do an acquisition or is has expansion plans and needs new long-term debt financing for this. The tailor-made loan will enable the company to continue to operate and grow efficiently. In addition to issuing new loans, it also takes over existing loans from banks. Here, the manager can switch quickly and provide capital immediately and thus take over a loan on favorable terms.

ICG EUROPE MIDDLE MARKET FUND II

ICG Europe Middle Market Fund II focuses on well performing companies that are seeking capital to expand either through acquisitions or own capital investments. These companies do not want any new shareholders on board and banks are unable to provide them a tailored financing package that fits their specific situation. ICG is attractive to these companies, as it brings experience and designs a financing structure, without requiring equity capital in the businesses.

OAKTREE OPPORTUNITIES FUND XII

Oaktree Opportunities Fund XII buys existing loans from companies that are no longer able to meet their payment obligations. The distressed manager restructures the balance sheet and then gets to work to improve business operations and create value.

Disclaimer

The prospectuses of the closed-end investment funds managed for IBS Fund Management B.V. and those of the underlying master investment funds are available at the request of the participants (in the secure part of the site and via [email protected]).

SUSTAINABILITY INFORMATION

Summary

This fund is classified as an Article 8 fund according to European sustainability regulations. This means that the fund promotes environmental and social characteristics. Specifically by investing in funds that are part of the solution to climate change.

Since we have many funds with different strategies in different sectors, we do not have any specific social or environmental objectives. What we do is invest in funds with fund managers who act as responsible investors and meet minimum social and environmental safeguards. Including those related to labour rights, human rights, anti-corruption and environmental protection.

In doing so, we want to invest in funds that are in line with the United Nations Sustainable Development Goals (“UN SDGs”).  We exclude fund managers who are involved in significant controversies or who violate one or more UN Global Compact principles.

Our current sustainability policy is based on eight points. These are a combination of specific preferences and requirements that IBS requests their underlying managers to meet. The preferences and requirements apply to funds from 2019 to date.

These eight points are as follows: 

1. The selected fund manager has a specific sustainability fund policy.
2. The fund manager has signed the UNPRI or equivalent.
3. The underlying fund has a specific sustainability exclusion list which are best in class and follow UNPRI.
4. Sustainability is included in the consideration of the business case in the underlying deals.
5. The manager motivates to operate and invest as sustainable as possible. They can make improvements as a major shareholder where possible.
6. The fund manager will report on relevant ESG indicators. The fund manager will also issue an annual ESG report.
7. IBS has a preference to invest in funds classified as Article 8 or 9. IBS will not invest Article 6 funds, only if IBS believes the ESG policy is adequate enough that an Article 6 fund classification is sufficient.
8. IBS monitors the manager on their sustainability policy and will also proactively engage them on this where necessary.

A variety of data sources are used to assess the ESG performance of the Private Markets platform. These include self-disclosures from fund managers (including one-on-one meetings, annual reports, company presentations, website disclosures and proxy statements) and Clarity AI (CO2, comparisons with benchmarks and/or additional indicators).