Vision
Our name is inspired by a woman in Uganda who represents the individual and societal impact of our work.
She serves today as the director of operations and maintenance of the first privately built hydropower plant in her country, a project sourced and funded by a founding member of our firm.
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Emerging markets offer the most sustainable and inclusive growth opportunities for the coming decades. Low-carbon economic infrastructure in these markets is the investment sweet spot, facing an annual shortfall of more than $1 trillion of private sector investment despite burgeoning demand.
We aim to grow this new asset class through a catalytic combination of economic and social benefits that creates new capacity and competition. We will augment investor confidence by strengthening the knowledge of the local public and private sectors while delivering meaningful returns.
To this end, we will build a replicable template for investment and ensure that data and case studies are widely available.
Our reporting system will be tailor-made and based on the cutting edge of impact measurement and standards (ESMS). It will track opportunities such as access to clean water, local job creation, education, and gender and social mobility.
Over time, we will develop and adapt new, innovative techniques to measure and communicate market knowledge so that the asset class continues to grow.
About
We are market developers and innovators. Annycent Capital Partners is a newly incorporated company based in Luxembourg dedicated to supporting and accelerating investment outcomes that are aligned with the UN Sustainable Development Agenda and the Paris Agreement.
Our firm’s leaders have proven, best-in-class track records in their respective fields, which include private and blended finance, financial sector development, creation of systemic linkage capabilities, financial inclusion, and emerging and frontier markets.
Approach
Annycent Capital is focused on opportunities that can offer attractive returns to private investors while delivering outcomes that advance the UN Sustainable Development Goals.
Specifically, we take viable initiatives nurtured by public institutions into the investment reach of the mainstream private sector.
Annycent Capital and its investment strategies will support established infrastructure developers in frontier markets and anchor first-time teams using a pioneering blend of public and private capital.
Sustainability-related disclosures
Sustainability-related disclosures of Annycent Managers SàRL
(December 2022 - version 1)
Integration of Sustainability Risks and of principal adverse impacts in the investment decision-making process
Annycent Managers SàRL (“Annycent Managers”) aligns its communication with the requirements of the European Union’s Sustainable Finance Disclosure Regulation (“SFDR) (EU 2019/2088) for sustainability‐related disclosures in the financial services sector.
Annycent Managers integrates and manages investment risk across its investment process and builds trust to enhance ESG performance, data, reporting and disclosure. ESG risks, defined as an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of an investment typically occur and are identified, assessed, and managed at the asset level. This process is further outlined in the Environmental Social Management System (“ESMS”) and Risk Policy and applies the globally recognized IFC Performance Standards and World Bank Group Environmental Health and Safety Guidelines to identify, categorize, assess, monitor, report and disclose on ESG and Impact risks and opportunities transparently, in alignment with the EU SFDR and Taxonomy.
Annycent Managers’ ESG Risk Management Process is outlined as follows:
i. Screen against Exclusions List. Identify and categorize ESG risks and opportunities. Identify key ESG risk indicators (KRIs) and impact risk indicators.
ii. Conduct investment due diligence against best-practice ESG requirements. Assess ESG leadership, capacity, ESMS, and confirm monitoring, disclosure and impact management systems and commitments. Sensitive or high risk (e.g., IFC Category A) projects or issues may require external consultant support.
iii. Address key risks and opportunities with investee management team and capture risks and mitigation in Environmental and Social Action Plan (ESAP). Include ESAP in shareholder agreement with covenants or conditions precedent for high-risk issues.
iv. Post investment, build trusted relationships with investees, build their ESG capacity, close out ESAP actions and improve ESG data quality. Implement transparent, auditable framework to EU SFDR (Article 9), and Annycent proprietary requirements.
Remuneration Practices
Annycent Managers’ culture of sustainable finance and social and environmental management is reflected in its remuneration practices. For the members of the Board of Directors and Investment Committee, a basic pro-rata temporis annual remuneration scheme, benchmarked to rates in comparable development finance funds and organisations, is subject to approval by the Shareholders or the Board as the case may be.
The General Partner on the other hand is receiving a management fee and a performance fee which is adapted to the investment solutions made available to the market. The GP’s rates are comparable to other development finance funds and organisations and aligned to the ESG risk management framework.
Legal disclosure
This website is owned and operated by Annycent Managers SàRL (“Annycent Managers”), a company incorporated under the laws of Luxembourg, registered at 18 Robert Stümper L-2557 Luxembourg and under B269561 with the Luxembourg Registre du Commerce et des Sociétés. Annycent Managers is registered with the financial market supervisors of Luxembourg (“Commission de Surveillance du Secteur Financier” or “CSSF”) to operate as an alternative investment manager as provided under the framework of article 3 (2) b) of Directive 2011/61/EU of the European Parliament and of the European Council of 8 June 2011 (AIFMD). It is the fund management entity of the Annycent Capital group (referred to also as “Annycent” or “Annycent Capital”) and the general partner of Annycent Clean Energy, a partnership incorporated as a société en commandite spéciale (SCSp) in Luxembourg and registered with the CSSF.