Mirova’s societal impact private equity strategy joins the TIBI initiative

The MILE fund (Mirova Impact Life Essential)¹has joined the TIBI initiative, launched by the French government in 2019, which aims to promote the emergence of financial players capable of accelerating the growth of innovative companies, transforming them into regional or global leaders while contributing to the development of the technological ecosystem in France.

This is the second fund from Mirova to join the TIBI initiative.

The MILE fund is committed to investing in companies developing innovative solutions in areas such as clean technology, renewable energy, and sustainable manufacturing. Its objective is to support the growth of French and European companies based on proven business models, focusing on four major investment themes:

Knowledge & expertise: inclusive education, continuing professional training, future work, etc.
Well-being & health: accessibility to care, aging prevention, workplace well-being, etc
Responsible consumption: circular economy, zero waste, transparency and sustainability, etc.
Diversity & inclusion: empowerment, civic engagement, awareness of environmental and social issues, etc.

This approach aligns with the eligibility criteria for the initiative, within which institutional investors commit to dedicating a larger and additional portion of their allocations to financing French start-ups, both in the unlisted segment of private equity, the listed segment of technology stocks, and high-risk industrial projects with a proven technological component.

References to a ranking, award or label have no bearing on the future performance of any fund or manager.

¹Mirova Impact Life Essentials (MILE) is a Société de Libre Partenariat (SLP) under French law (FPS, FIA) composed of several distinct compartments, open to new subscriptions to eligible investors as defined by the fund’s regulations.

Mirova is the management company. Approval from the supervisory authority is not required for this fund. This fund does not offer liquidity: redemption is not possible until the final liquidation of the fund, i.e. for 10 years (plus a possible extension period of 2 years). Please refer to the Limited Partnership Agreement before making any final investment decisions.

Mirova Impact Life Essentials is intended exclusively for eligible investors as defined in the fund rules, professional clients within the meaning of the MiFID Directive, and individual investors who have knowledge and/or experience of these types of products, who have obtained appropriate investment advice and who have the capacity to bear losses up to the amount invested in the fund, as there is a risk of capital loss. This fund is unsuitable for individual investors who cannot withstand such long-term illiquid investments. The investor is solely responsible for determining whether they have met the eligibility requirements of 150-0 B ter, III, and 163 inquires B of the French General Tax Code. Subscribers must take all useful advice from a qualified professional on the implications of an investment, as the Management Company cannot incur any liability in this respect. This fund is not subject to the approval of a supervisory authority.

Mirova

Mirova is an affiliate of Natixis Investment Managers.
Portfolio management company – French Public Limited liability company
Regulated by AMF under n°GP 02-014
RCS Paris n°394 648 216
59, Avenue Pierre Mendes France – 75013 – Paris.
www.mirova.com

Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company – French Public Limited liability company
RCS Paris n°453 952 681
43, Avenue Pierre Mendes France – 75013 – Paris.
www.im.natixis.com

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 © 2024 Natixis Investment Managers. – All rights reserved