&Green is a Foundation (“Stichting”), registered in the Netherlands. Its governance structure is designed to safeguard the environmental and social return as well as the financial and commercial sustainability of the fund and its investments.
The Advisory Board represents the stakeholders of &Green, including Contributors, local country governments, and civil society.
Board of Directors
The Board of Directors is appointed by the Advisory Board and is the main decision-making body, responsible for the day-to-day running of the Fund. The Board outsources most activities of the Fund to expert service providers, in particular the Investment Advisor.
The Credit Committee is a body of independent investment and sustainability experts safeguarding the environmental, social and financial compliance of investment proposals with &Green’s guidelines. It assesses the documentation submitted by &Green’s investment advisor. The Credit Committee is appointed by the Board of Directors.
Fund Management Advisor
Innpact acts as the Fund Management Advisor to &Green. The firm provides multiple corporate and administrative services to the Board of Directors and Advisory Board of the Fund, including corporate secretariat, service provider coordination, monitoring and reporting, and risk management and compliance services.
Intertrust, the Fund Administrator for &Green, is responsible for all aspects of corporate and administration services required for a foundation established in the Netherlands, including corporate and domiciliary services, accounting and administration services, and registrar and transfer agency services.
Key Terms of the Fund
|Legal entity||Stichting (Dutch foundation)|
|Fund duration||Evergreen Fund structure|
|Launch date & capital committed||July 2017 with USD 100 million committed by the Norwegian government|
|Investment Advisor||Sail Ventures B.V.|
|Fund capital target||USD 400 million invested by 2022
|Capital contributions to the Fund||Bi- and multilateral Donors + Private sector corporates + Foundations|
|Geographic focus||Tropical forest jurisdictions, Brazil, Indonesia, Colombia, Peru, West Africa, etc.|
|Financial instruments offered||Long-term subordinate credit|
|Transaction size (range)||USD 5 – 25 million invested from &Green / total project transaction size = >US 15 million|
|Portfolio of investments||Supply chain companies / financial institutions / smallholder projects / project finance structures|
Complaints Management Policy
In order to ensure that complaints are handled properly and resolved promptly while always meeting the clients’, contributors’ and stakeholders’ interests, the Fund has set up a Complaints Management Policy.
Please download the document and follow the outlined procedure.