FIRM STATEMENT OF PRINCIPLES ON RESPONSIBLE INVESTING
Serengeti Asset Management, LP (“Serengeti”) is a value-driven investment firm focused on investing in niche credit opportunities and providing sophisticated funding solutions. We believe that Environmental, Social and Governance (“ESG”) factors can affect performance to varying degrees across companies, sectors, regions, investment strategies and asset classes. As such, we seek to consider material ESG risks, issues and opportunities, together with financial criteria, in applicable investment processes in line with our fiduciary duty to maximize returns.
Principles for Responsible Investment
Serengeti supports the UN-backed Principles for Responsible Investment (“PRI”), and is in the process of becoming a formal signatory to the PRI and its six principles:
The policy is effective from 30 October 2021, covering all funds and investment vehicles that have been open to new investors since 2018.
Approach to ESG Integration
The nature of our investment strategies means that we typically are not making control investments, limiting our ability to exert influence through ownership, board seats and/or governance rights. In applicable funds and investment vehicles, we seek to consider ESG factors in new investments as part of a wider due diligence process, evaluating ESG risks, issues and opportunities, in proportion to our leverage, influence and access to information, as well as holding period and the size of the deal.
ESG as a Firm
In addition to considering ESG factors as part of our investment processes, Serengeti aims to increase its focus on incorporating responsible and sustainable practices throughout the organization.
To implement this policy, Serengeti will:
Policy Sponsors: Chief Investment Officer, President and General Counsel
Last Update: October 2021