Flexstone Partners, a leading asset manager specialised in small and mid-cap global private equity markets and a PRI signatory since 2014, further enhances its ESG approach with the appointment of Caroline Gibert as Head of ESG. In this newly created role, Caroline will lead Flexstone Partners’ ESG strategy at both a firm and portfolio level, responsible for strategy, policies, data collection, reporting, and processes.
Flexstone follows an inclusive approach with a diverse and value-driven team dedicated to tackling social, environmental and governance issues. “In 2020, we worked on a concrete approach to reinforce our ESG engagement and new thinking on how to use responsible investment to benefit both our clients and company as a whole”, commented Caroline Gibert.
Four Sustainable Development Goals have been selected by Flexstone Partners employees in order to guide its role as a ‘citizen firm’. Above all, its aim is to continue contributing to the protection of the environment (goal 13); promote social equality and opportunity (goals 4 & 5); and enhance diversity and inclusion (goal 8).
Flexstone has also reshaped its proprietary ESG analytical and reporting tools to implement an active approach throughout its investment process. “Our mission is to deliver attractive risk adjusted long term performance to our clients. The objective of ESG integration is to enrich our mission by making sure all portfolio managers and underlying companies are well-placed to develop a sustainable business model.”, adds Eric Deram, Managing Partner at Flexstone.
Caroline Gibert will be supported by an ESG working group with interdisciplinary responsibilities to ensure a consistent ESG integration across the firm.
Concrete objectives have been set:
- To produce dedicated ESG reports to each client and a Global ESG report;
- To reach a target for women to represent 40% of the investment teams by 2030;
- To become a neutral carbon company by 2050
“We will also work actively and take part in initiatives in the investment industry to drive changes and find new ways of investing capital”, concludes Caroline Gibert.
Flexstone’s implementation of robust ESG criteria dates back to 2006, when its first mandate was set up with strong ESG guidelines. From that time onward Flexstone has kept improving its ESG approach. The firm signed the UN-PRI in 2014 and outlined a formal ESG investment policy. In 2020, Flexstone committed to the France Invest-sponsored “Gender Equality Charter” and published its first Global ESG policy.
The appointment of Caroline Gibert is a new step in Flexstone’s ESG journey. Caroline’s new function will come in addition to her current role of head of investor relations and business development, working hand in hand with Flexstone’s clients to adapt dedicated ESG reports to their own values and guidelines.For further reading:
About Flexstone Partners
Flexstone Partners (“Flexstone”)1, an affiliate of Natixis Investment Managers, is a leading investment solutions provider in private assets with a global reach and local footprints in New York, Paris, Geneva, and Singapore. It specializes in the selection of private equity, private debt, real estate, and infrastructure fund managers for investment by Flexstone’s clients. Flexstone manages primary and secondary investments as well as co-investments. Flexstone’s expertise is distinguished by a high flexibility in building customized portfolios that are tailored to the unique needs and constraints of each investor whether institutional or private individual2. Flexstone offers a large range of services, from advising on private assets portfolio construction to the management of fully discretionary separate accounts and funds of funds. Flexstone, with more than 40 professionals, manages $7.8 billion3. It is a majority owned subsidiary of Natixis Investment Managers, one of the largest investment managers worldwide.
Further information: www.flexstonepartners.com
1 - Flexstone is the name that collectively identifies Flexstone and its underlying companies.
2 - Under certain conditions related to marketing and prospection regulatory requirements specific to each entity.
3 - Source: Flexstone Partners at 6/30/2020. Assets under management and advisory made up of commitments for closed-end private placement funds, and sum of Net Asset Value and unfunded commitments otherwise.
An affiliate of Natixis Investment Managers
Flexstone Partners, SAS – Paris
Investment management company regulated by the Autorité des Marchés Financiers. It is a simplified stock corporation under French law with a share capital of 1,000,000 euros Under n° GP-07000028 –Trade register n°494 738 750 (RCS Paris)
5/7, rue Monttessuy,
Flexstone Partners, SàRL – Geneva
Independent (unregulated) asset manager, under Swiss Federal Act on Collective Investment Schemes (“CISA”), supervised by Commission de haute surveillance de la prévoyance professionnelle (“CHS PP” and regulated by the Swiss Financial Market Supervisory Authority (“FINMA”) under Anti Money Laundering requirements. It is a limited liability company with a share capital of 750 000 CHF.
Trade register n° CH-660-0180005-1
8 chemin de Blandonnet
Vernier 1214 Geneva
Flexstone Partners, LLC - New York
Delaware corporation, registered with the United States Securities and Exchange Commission as an investment adviser
28th floor of 745 Fifth Avenue, New York, NY 10151.
Flexstone Partners, PTE Ltd - Singapore
61 Robinson Road, #08-01A Robinson Centre
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Copyright © 2021 Natixis Investment Managers S.A. – All rights reserved.