AI Fund Awards 2018

14 Acquisition International - 2018 International Fund Awards IF180003 Best Responsible Investment Fund 2018: Alter Equity 3P & Best Innovators SME Private Equity - France Alter Equity Established in 2013, it currently manages € 41.5m, raised from institutional investors and entrepreneurs. The “3P” of its name stands for “People, Planet and Profit”: the fund is actively building a portfolio of impact investments, while seeking an attractive return for its limited partners. The fund targets French companies generating a yearly turnover above € 1m with a strong potential for profitable growth. alter equity 3P is currently invested in 9 companies, these are: • Innovafeed, which produces insect-meal for aquaculture in substitution of wild fish flour; • Sports Etudes Academy, the leading French private sport-study education provider; • Nino Robotics, which conceives and manufactures carefully designed two-wheeled • electrical wheelchairs; • NED, a provider of tailored renewable energy solutions; • Green Creative, which manufactures waste sorting machines optimizing the value of waste; • Eficia, a building energy performance solutions provider, enabling its clients to achieve 15% to 50% energy savings; • Remade Group, the French IPhones refurbishment leader; • OpenAirlines, which develops a set of software solutions improving airline companies’ fuel efficiency, leading to 5% kerosene savings per flight; and • bo.ho green, a natural, eco-conceived and affordable cosmetics brand. Discussing the firm’s investment process, Fanny explores how the fund works alongside the companies it invests in to ensure excellence for every stakeholder. “Here at Alter Equity, our values are at the core of our philosophy, both in terms of how we conduct business and how we manage our relationships with our stakeholders. Our strong partnerships with our portfolio companies are noticeably based on goodwill, respect, and support. “To ensure strong returns for our investors, our active involvement translates into monthly meetings, addressing the most important growth challenges to develop the value of our portfolio companies, including their CSR and ESG issues/opportunities.” Overall, the impact investment sector has been rapidly developing in the past few years, attracting a wide alter equity 3P , provided by Alter Equity, is a French Impact investment fund that supports sustainable growth. We invited Fanny Picard to talk us through the firm and the investment options it provides. Company: alter equity 3P Contact: Fanny Picard Address : 4 ter, rue du Bouloi, Paris, 75001, France Phone : +33 1 42 86 96 41 Web: http://alter-equity.com/ Alter Equity variety of investors, both individual and institutional. As such, Alter Equity must work hard to stay at the forefront of emerging developments and remain a leader in the field, as Fanny highlights. “To remain ahead of the cutting edge of new developments, at Alter Equity we rely on four pillars. Firstly, our scope of investment embraces 15 SDG targets and we continuously improve our impact assessment methodology, to stay on par with state of the art SDG guidelines. Secondly, our deal flow is vigorously managed so as to generate the best investment opportunities on the market for our clients. This is achieved through diversified sources to which we are well connected. Our third pillar is that we strive to maintain an entrepreneurial mindset within our organization. First and foremost, we are proud to rely on a Strategic Committee, composed of successful entrepreneurs who guide us in our investment decisions. Then, when the investment is made, we team up to strengthen the partnership with the management team and foster the companies’ potential. The final pillar is that we endeavour to maximize our investments’ financial return. Our net target IRR is 10% but our current expectations are well above the target. By working towards all of these goals we are able to ensure that clients receive exceptional support that meets their needs.” Through our portfolio companies’ success and our commitment to our investment thesis, we aim at demonstrating that sustainability is not only compatible with financial returns; it is also a source of growth. With regards to the future, Alter Equity, the firm which provides the fund, will be seeking to build upon its current success, and there is widespread optimism amongst the team about the times ahead.