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Pensioenfonds Detailhandel chooses Symbiotics to manage an impact private debt mandate

The capitalization of the mandate will take place in the second quarter of 2022; it will primarily invest in unhedged local currency denominated loans and bonds in emerging and developing markets.

Pensioenfonds Detailhandel, the pension fund for the Dutch retail sector, has chosen Symbiotics to manage a mandate of 100 million euros invested in private debt in emerging markets.

The portfolio will invest in small and medium enterprises and, through microfinance, in sectors such as climate, energy, education and health, with generating positive impact being an integral part of the development process. funding. The mandate will focus on the Sustainable Development Goals (SDGs). In line with Pensioenfonds Detailhandel’s investment policy orientation, it will target SDG 8 (decent work and economic growth) and seek investment opportunities to contribute to SDG 12 (responsible consumption and production) as well as to SDG 13 (measures relating to the fight against climate change). The fund will meet the requirements of Article 9 of the SFDR (European Sustainable Finance Disclosure Regulation).

The capitalization of the mandate will take place in the second quarter of 2022; it will primarily invest in unhedged local currency denominated loans and bonds in emerging and developing markets. The fund has been tailor-made for Pensioenfonds Detailhandel to reflect the themes of its investment strategy and contribute to its objectives.

“With this private debt portfolio by Symbiotics, we seek to achieve our goal of generating voluntary and measurable impact in the real economy with a small portion of our portfolio. Thanks to Symbiotics’ expertise and experience in generating impact in emerging markets, Pensioenfonds Detailhandel can now engage in emerging markets and, importantly, in areas that matter to the pension fund and its insured. We look forward to this collaboration,” said Henk Groot, Head of Investments at Pensioenfonds Detailhandel.

“We are very pleased to start this new partnership with Pensioenfonds Detailhandel,” said David Grimaud, Head of Asset Management at Symbiotics, “Signing this mandate in one of Europe’s largest pension markets builds on our strong track record of managing impact debt portfolios for large institutions. We appreciate the trust Pensioenfonds Detailhandel places in our expertise, particularly in the area of ​​unhedged local currency debt in emerging and developing markets. We are seeing growing interest in our asset class from pension funds in Europe and we plan to further develop our existing partnerships in this segment.”

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