Mirova Impact Life Essentials

Seeking to support companies in the growth acceleration phase that develop innovative technological solutions and contribute positively to the social transition i.e. TechForGood, while targeting attractive & sustainable financial returns through private equity investments.

Promoting a fair transition by supporting innovative companies and technologies that contribute to address major societal challenges, and demonstrate high performance and impact potentials
Mirova Impact Life Essentials (MILE) aims at supporting the growth of unlisted French and European companies, which rely on innovative and technological solutions to contribute to a fair transition of society. The fund seeks to offer an attractive return/ risk profile over the long term through a selection of companies at the beginning of their growth, with a proven and virtuous business model, profitable or in the process of being so, whose activity is based on innovation.
The fund targets companies with robust Environment, Social and Governance (ESG) standards that contribute to the development of 3 key societal themes:

• Well-being & Health
• Mindful Consumption & Lifestyle
• Learning & Knowledge

Aiming at maximizing impacts and returns, the fund seeks to invest in innovative and mature technological solutions, targeting the achievement of 10 Sustainable Development Goals (direct targets: SDGs 3, 4, 5, 8, 10, 11, 12 - Indrectes targets: SDGs 13, 14, 15).
Applying a flexible investment approach, the fund might take minority or majority stakes, participate in secondary or co-investment operations, with investment tickets ranging from €5 and €20 million.

Fund maturity: 10 years, extendable twice for an additional year.

Disclaimer 

Mirova 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 SLP (MILE) 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.
Le fonds est notamment exposé aux risques de perte en capital, risque lié à la gestion discrétionnaire, risque d’évaluation, risque de contrepartie, de liquidité, risque de durabilité, risque pays, opérationnel, réglementaire, de devise, risque de crédit, de change, risque de taux, risque lié à la stratégie d'investissement, risque en matière de durabilité.

Risks

The fund is exposed to risk of capital loss risk, discretionary management risk, valuation risk, contreparty risk, liquidity risk, sustainability risk,country risk, operational risk, regulatory risk, currency risk, interest rate risk, credit risk, risk linked to the investment strategy, sustainability risk.

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