15
Nov’ 2022

Launch of MAIF Dette à Impact Environnemental Fund

MAIF and CAPZA/ARTEMID launch a dedicated environmental impact debt fund.

MAIF, a leading French insurer with 15 years commitment to responsible investment has chosen to entrust CAPZA and its subsidiary Artemid with the management of a dedicated environmental impact senior debt mandate.

 

Artemid teams, which are specialized in senior loans with moderate leverage for SMEs will deploy MAIF Dette à Impact Environnemental Fund – in line with MAIF’s “société à mission”2 status and in accordance with its desire to support companies in reducing their carbon footprint and developing their societal commitment.

 

The fund benefits from the robust selection and investment process that has made the Artemid funds so successful since 2015, as well as the sustainability and impact expertise of CAPZA.

 

With more than sixty companies financed and nearly €1bn assets under management, Artemid has confirmed its position as a senior loan specialist for mid-cap companies. Artemid funds regularly offer extra-financial monitoring to their portfolio companies. 2/3 of the loans granted since 2020 already include ESG criteria in their pricing.

 

With a total commitment of €120m, MAIF Dette à Impact Environnemental will provide some fifteen mid-sized companies with in fine senior debt, with a 5-to-8-year maturity.

 

This evergreen fund, classified as Article 9 under SFDR Regulations, has the following characteristics:

 

  • It targets companies with good governance and the willingness and ability to contribute to carbon neutrality and more generally to improve their environmental impact
  • It supports companies in pursuing a decarbonation path in line with the Paris Agreements, with a bonus/malus incentive system for the pricing of loans granted (sustainability/decarbonation linked loans or bonds)
  • It leads management teams to establish and implement a proper roadmap to progress in each of the ESG areas
  • It contributes to the emergence, around MAIF, of a group of companies sharing a genuine desire for sustainability and concrete objectives to achieve carbon neutrality
  • An innovative impact bonus depending on the achievement of the fund’s impact goals has been created under CAPZA’s impulse

 

MAIF Dette à Impact Environnemental has already financed two companies, Constellation and Visiativ, and is in the process of financing a third one.

With MAIF Dette à Impact Environnemental, we are making further progress in our desire to contribute to the climate transition
“ 
Annie-Laure Servel, Managing Partner of Artemid

Carole Zacchéo, Chief Investment Officer, MAIF, declared: “We are convinced by Artemid’s selection process, which results in an attractive and resilient risk/return profile, and by their offer to support companies on their sustainability journey. We also appreciated their proposal to link the investment team’s remuneration to the portfolio’s decarbonation trajectory. This represents a new step in our policy of constantly seeking a positive impact.”

 

Annie-Laure Servel, Managing Partner of Artemid, added: “With MAIF Dette à Impact Environnemental, we are making further progress in our desire to contribute to the climate transition and the development of an ecosystem of companies sharing common values.”

 

According to Aurore Gauffre, Head of Sustainability & Impact at CAPZA: “We are proud to be committed with MAIF, a “société à mission”, in this innovative project which aims, through an evergreen fund, to commit, finance and support medium-sized companies in their decarbonation trajectory in line with the Paris Agreements. CAPZA, which has made climate change one of its priorities, has also recently launched a midcap LBO fund focused on decarbonation.”

CAPZA/Artemid x MAIF - An innovative and committed impact debt mandate
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The fund MAIF Dette à Impact Environnemental SLP is managed by Atalante SAS and advised by its subsidiary Artemid SAS. Artemid has financial investment advisor status (CIF in France) and is registered with the Orias under the number 14003497 since the 05/28/2014.

The fund is intended for qualified investors only, as defined in the legal documentation: professional investors or equivalent in France; professional investors (as defined in the Markets in Financial Instruments Directive 2014/65/EU) in Europe; professional equivalent outside Europe. Not for redistribution.

The characteristics of MAIF Dette à Impact Environnemental mentioned are subject to change. This document is provided for information purposes only and is not intended to be legally binding or contractual. It is not an offer to buy, sell or subscribe to any financial instrument, nor is it a commercial offer to invest in future funds managed by Atalante S.A.S.

Atalante S.A.S. accepts no responsibility for investment decisions made on the basis of the information contained in this document. Past performance is not indicative of future performance.

Artemid
Artemid
Senior Loans
The senior financing expert
for small and mid-sized corporates
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More than 80 transactions since 2015
Source: Artemid as of 09/30/2022
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