Privium Fund Management is raising capital for a Biodiversity Impact Fund (BIF) to address regenerative agriculture, sustainable forestry, ocean preservation, sustainable fisheries, and agritech and aquatech.
The fund aims to align with Sustainable Finance Disclosure Regulation Article 9, which has sustainability as its goal and an index as its reference benchmark. 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.
This non-listed, multi-manager fund of funds is projected to launch in the first quarter of 2025. Privium Fund Management is partnering with Impact Orange Partners for the portfolio management of the BIF.
“We believe that with the addition of the Biodiversity Impact Fund focused on non-listed funds we are able to create an attractive impact solution for investors interested in the theme of biodiversity,” said Mark Baak, Director of Privium Fund Management.
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-Zero Hunger, 6-Clean Water and Sanitation, 12-Responsible Consumption and Production, 13-Climate Action, 14-Life Below Water and 15-Life on Land.
“We feel that the investability of the biodiversity theme is gradually increasing but requires a kick-start,” said Michel Iglesias del Sol, Impact Orange Partners. “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.”
