During the recent COP 16 summit in Colombia, the slow implementation of the Kunming-Montreal Biodiversity Framework was discussed. After eleven years of experience with impact investing, Privium Fund Management is raising capital for the Biodiversity Impact Fund (BIF). This non-listed, multi-manager fund of funds is projected to launch in the first quarter of 2025.
The BIF aims to align with SFDR Article 9 regulation. The BIF will be a semi-open ended, multi-manager fund, addressing four investable themes in biodiversity:
- regenerative agriculture
- sustainable forestry
- ocean preservation & sustainable fishery
- agri- & aquatech
Based on a clear Theory of Change, the BIF aims to reduce negative effects (e.g., deforestation, use of pesticides) and increasing positive effects (e.g., habitat restoration, new agricultural techniques), while creating a solid financial return. The fund will report on measurable KPI’s per subtheme.
Mark Baak (Director of Privium Fund Management): “We believe that with the addition of the Biodiversity Impact Fund focussed on non-listed funds we are able to create an attractive impact solution for investors interested in the theme of biodiversity.”
Privium Fund Management is partnering with Impact Orange Partners for the portfolio management of the BIF.
Michel Iglesias del Sol (Impact Orange Partners): “We feel that the investability of the biodiversity theme is gradually increasing but requires a kick-start. This is what the BIF intends to do. Furthermore, investors still need assistance on the capabilities (coverage) and governance (monitoring & measurement). The BIF will service them with institutional quality and help to make practical progress on biodiversity goals. The aim is to launch the fund in the first quarter of 2025 with a sound investor base.”
Privium Fund Management is currently the fund manager of, amongst others, the FMO Privium Impact Fund and the Privium Sustainable Impact Fund. The BIF will be an evergreen fund, aimed at professional investors and is aiming to contribute to UN Sustainable Development Goals number 2, 6, 12, 13, 14 and 15.
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