Aster Capital Partners is a management company accredited by the Autorité des Marchés Financiers (AMF) under the number GP 02 024
Aster Capital Partners SAS (Société par Actions Simplifiée)
Share Capital: €828,784
VAT Number: FR71414286567
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Processing of personal data
Aster processes and collects personal data such as name, company, email address or phone number from you for the exclusive purpose of entering in contact with the team. You have a right of inquiry, access, rectification, deletion of data, restriction of processing, withdrawal of consent, portability, as well as a right to object to the processing of their data. You also have the right to send Aster Capital Partners a general or specific instruction concerning the storage, deletion and communication of your data after your death.
You can exercise these rights either by sending an e-mail to firstname.lastname@example.org or a written letter addressed to 26 avenue de l’Opéra 75001 Paris, including a copy of an identity document.
Finally, you have the right to lodge a complaint with the Commission Nationale de l’Informatique et des Libertés (CNIL).
Aster has established and maintains operational an effective and transparent procedure for reasonable and prompt handling of complaints received from investors. The complaints can be filed free of charge with the Management Company, by all the investors.
The claims and complaints of the investors are accepted either by means of a written letter or an electronic mail to the attention of the Finance team. The updated contact data of the Management Company and the team is provided on Aster website. Aster will acknowledge receipt of the complaint within a maximum period of ten days, and will examine it, including any relevant actions, without undue delay, and in any case not later than within sixty days of taking over the complaint.
In case of an ongoing dispute, the investors may contact the Autorité des Marchés Financiers mediator for any complaint.
Conflict of interest
Aster has established a cartography to identify the potential conflicts of interests that may arise and indicate the measures taken to prevent these conflicts. The conflict of interests’ situation that may arise are escalated to the RCCI.
The complete conflict of interest procedure is available on request.
Aster Capital Partners SAS (“Aster Capital”) publishes the following information in accordance with the Regulation (EU)2019/2088 on sustainability-related disclosures in the financial services sector (“SFDR”).
Transparency of sustainability risk policies
Pursuant to Article 3 of the SFDR, Aster Capital is required to disclose the manner in which sustainability risks (as defined hereafter) are integrated into its investment decision-making process. A sustainability risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or potential material negative impact on the value of the investments made by Aster Capital.
Aster Capital integrates the ESG criteria (ESG stands for Environmental, Social, Governance) into its investment analysis and decision-making process for all the investment funds managed. The risks are primarily taken into account through an exclusion policy: the investment decisions are based on sectorial and/or geographical exclusion policies to prevent a significant adverse impact on sustainability factors. For instance, starting with the screening phase of the investment process, the investment team will review the list of investment restrictions to identify whether the contemplated business would constitute a material breach against Aster Capital’s prohibited or restricted investments, as defined in each fund by-laws. These include businesses in which Aster Capital is not likely to invest (such as activities relating to weapons production and tobacco), or certain geographies (such as companies operating in high-risk and non-cooperative jurisdictions under the Financial Action Task Force). On this topic, Aster Capital ensures each employee has attended a training course on the Anti-Money Laundering Policy, so as to be aware of the risk management policy he/she should comply with.
Aster Capital has also signed France Invest’s Charter of Commitments for Investors in Growth that encourages capital funds to address economic, social, and environmental issues, and stands for a better governance in the industry. And, since 2019, Aster Capital has become a member of the “Charte SISTA” to encourage more equal access to financing between men and women.
Principal Adverse Impacts
Pursuant to Article 4 of the SFDR, Aster Capital is required to disclose whether the Principal Adverse Impacts (PAI) of investments decisions are considered on sustainability factors. The PAI are defined as the impacts of investment decisions that result in negative effects on sustainability factors.
Aster Capital considers the PAI of its investment decisions on ESG matters. The PAI are assessed during the due diligence phase, before investment decisions are made. Since the venture focus of the funds managed by Aster Capital, the contemplated targets are by nature innovative and orientated towards promoting better and more sustainable solutions. The analysis of a company performed by the investment team integrates the PAI, and gathers its available information, keeping in mind that Aster Capital invests in early-stage unlisted companies.
Integration of sustainability risks to the remuneration policy
Aster Capital has set up a remuneration policy which is designed to promote sound and effective risk management and not to encourage risk-taking that is inconsistent with the risk profiles of the funds managed. The remuneration of the team members is based on the allocation of a fixed remuneration and a bonus that is based on a mix of collective and individual performance, including for example the number of deals sourced, the quality of investors relations, and depends on the results of Aster Capital.
The remuneration policy integrates the compliance with the sustainability risk analysis as an indirect objective for the members of the investment team. This is notably monitored through the evaluation of the quality of the data collected from the portfolio companies, and of the analysis on how this data translates into mitigated sustainability risks for the sound development of these companies.