Legal notices

This website has been registered with the National Commission for Data Protection and Liberties (CNIL). In accordance with the French law “Informatique et Liberté” No. 78-17 of January 6, 1978, concerning information technology, files, and liberties.

The purpose of this website is to present the activities of idiCo and the main characteristics of its products and services to French residents. We draw the  individual’s attention accessing this site to the fact that past performance is not indicative of future performance, and due to the inherent risks of financial markets, the information on the site is intended for individuals with sufficient knowledge of these markets.

The information displayed on the idico.fr website is not contractual. It does not constitute an offer of services, nor a recommendation and/or solicitation of an offer and/or an offer to purchase, sell, or arbitrate investment funds or any other management or investment product, issued by idiCo. However, it is already specified that access to the products and services presented on the idico.fr website may be subject to restrictions for certain individuals or in certain countries, and none of the products and services can be offered by idiCo to a person if the law of their country of origin or any other country, applicable to them or to the product or service, prohibits it. In any case, it is the responsibility of the Internet user to ensure in advance that they are legally authorized to access this site in the country in which they reside and to assess the tax consequences of such an investment, especially considering the applicable provisions at the time of the investment. The information contained on the idico.fr website is for indicative purposes only.

However, idiCo cannot guarantee that the transcription on the site is free from the risk of material errors. idiCo’s liability cannot be incurred for any decision made based on the site and/or the information disclosed on the site. idiCo only undertakes to correct any such errors as soon as they are brought to its attention. In general, idiCo declines any responsibility regarding the use of the site and the information presented therein, which is the sole responsibility of the Internet user. idiCo cannot be held liable for direct or indirect damages, such as material damage, loss of data or programs, financial loss, resulting from the use of this site or sites linked to it.

Furthermore, it is reminded that any investment in an investment fund must be made after having read the current regulatory documents: statutes or regulations, and the information memorandum concerning French investment funds that have been approved by the French Financial Markets Authority (AMF).

Links to other sites

No link to the idico.fr website may be established without prior authorization from the Editor-in-Chief. In any case, idiCo is in no way responsible for the content, products, or services offered on sites to which the idico.fr website may be linked by hypertext links or any other type of links.

Intellectual property

This idico.fr website is protected under intellectual property law. The same applies to the data on the site such as trademarks, logos, graphics, photographs, etc.

The information on the site is intended for the strictly personal use of Internet users and may not be reproduced, communicated to third parties, or used, in whole or in part, for commercial or non-commercial purposes. Any unauthorized reproduction or exploitation of the site and the information disclosed on the site engages the responsibility of the user and may result in legal action especially for infringement. Other names and logos of products or companies mentioned here may be the trademarks of their respective owners.

This website is subject to French law and the jurisdiction of French courts, and its official language is French.

Personal Information

As of 25 May 2018, the processing of your personal data is subject to the EU regulation 2016/679 of 27 April 2016 named “GDPR” relating to the protection of individuals with regard to the processing of personal data and the free circulation of this data. This policy is intended to provide you with detailed information about how idiCo collects, protects and retains your personal information, as well as the reasons for their use and sharing. This policy also aims to inform you of your rights regarding the collection and processing of your personal data and the procedures for exercising your rights.

Personal data that may be collected by idiCo via our professional activity :

– Your identity information (surname, first name, nationality, date and place of birth, gender, etc.);

– Information about your profession and your professional experience;

– Data related to your subscription to our financial products (banking, financial and transaction data, experience in underwriting in private equity products, etc.);

– Data collected through exchanges, especially those made at our headquarters, on the internet, on social networks, or even at meetings or exhibitions, interviews, telephone conversations or emails.

Uses of your personal data:

– To comply with our legal or regulatory obligations;

– To conclude a contract with you, to contact you, at your request, in order to conclude a contract;

– To communicate periodically about our news;

– To invite you to participate in the events we organize.

Sharing your personal data :

Your personal data is recorded, stored, adapted, processed by idiCo and will not be sold or exchanged to third parties. However, they may be transferred in certain cases, namely:

– To judicial or financial authorities, state agencies or public bodies, upon their request and within the limits of what is authorized by regulation;

– To providers carrying out services on our behalf (depositories, distributors, business introducers, etc.).

Keeping your personal data:

We keep your personal data:

– as long as is necessary for the fulfilment of the purposes for which they were collected and processed;

– or the time necessary to comply with applicable regulation and in particular applicable limitation periods;
– for a defined period in view of its operational constraints (fund life, management of customer relationship, etc.);
– to respond to legal requests or requests from authorities and regulators.

Your rights and how to exercise them:

According to the applicable legislation relating to your situation, you can exercise the following rights:
– Right of information: you have the right to be informed in an accurate, exact, transparent and accessible way of the information about you;– Right of access: you can obtain information about the processing of your personal data and a copy of this data;
– Right of rectification: if you consider that your personal data is inaccurate or incomplete, you can request that this data be rectified or supplemented accordingly;

– Right to deletion: you can request the deletion of your personal data, within the limits of what is allowed by regulation;
– Right to limit processing: in some cases you may request the limitation of the processing of your personal data;
– Right to withdraw your consent: if you have consented to the processing of your personal data, you may withdraw that consent at any time. idiCo may, however, invoke legitimate and compelling reasons for keeping it;
– Right to the portability of your data: when this right is applicable, you can ask idiCo to communicate your personal data, or, where technically possible, the transfer of this data to a third party, without idiCo’s opposition.

You also have a right to opposition, allowing you to oppose the processing of your personal data for reasons related to your particular situation subject to certain conditions. You have the absolute right to oppose at any time that your data be used for commercial prospecting purposes, or for profiling purposes if this profiling is linked to commercial prospecting.

If you wish to exercise the aforementioned rights or if you simply want to ask your questions about the processing of your personal data, you can send an email to the following address: dataprivacy@idico.fr or you can write to the following address:

idiCo

Service Conformité

23-25 Av. Franklin Delano Roosevelt, 75008 Paris

In accordance with the applicable legislation, in addition to the rights mentioned above, you have the right to contact a data protection authority (such as the CNIL in France www.cnil.fr).

Voting Policy

In accordance with the provisions of the AMF General Regulation, idiCo has defined a voting policy to present and define the principles implemented in the exercise of voting rights attached to the securities held by investment funds (FCPR, FPCI, SLP, and other investment funds) managed by idiCo.

idiCo considers the exercise of voting rights to be an integral part of fund management and aims to fully fulfill its role as a shareholder.

idiCo’s policy is to physically participate in all shareholders’ meetings of the fund holdings under management and exercise the voting rights attached to them.

idiCo is generally represented at meetings by the person responsible for the holding or by any authorized individual.

In cases where the physical presence of a representative is not possible or when the resolutions presented at the meeting relate to minor issues for the holding, idiCo exercises the voting rights by correspondence.

If it is not possible to comply with these two recommendations, a proxy may be given to the President of the holding or to an informed third party chosen by idiCo. In this case, depending on the nature of the resolution, the proxy may be unrestricted or restricted.

For more information, please contact the Management Company.

Information on the votes expressed is available in the Shareholder Commitment Policy.

Complaints

The complaints handling procedure specifies the process for reporting and handling complaints within idiCo in accordance with the principles set out in the AMF General Regulation and Instruction 2012-07 “Complaint Handling.”

A complaint is a statement from a client expressing dissatisfaction with idiCo or relating to an investment service provided by idiCo. A request for information, opinion, service clarification, or provision is not considered a complaint.

Distributors, with whom idiCo has established a placement and distribution monitoring agreement, will forward any received complaint to the Compliance and Internal Control Officer of idiCo to ensure proper handling of the complaint.

The handling of complaints is free of charge. Complaints can be received through any means, by mail, email, or via the idiCo website:

idiCo

23-25 avenue Franklin Delano Roosevelt – 75008 Paris, France

InfoClients@idico.fr

Upon receipt of the complaint, an acknowledgment of receipt will be sent within a maximum period of 10 business days, unless a response has been provided before that deadline. A response will be provided to the client within a maximum period of 2 months from the date of sending the complaint, unless special circumstances duly justified arise. Clients can submit a complaint in the official language or one of the official languages of the Member State in which the Fund is marketed or the investment service is provided. In such cases, the response will be provided in the same language.

For more information, please contact the company.

If the response is not satisfactory, the AMF Mediator can be contacted by mail at the following address:

Autorité des Marchés Financiers

Mediation Department

17, place de la Bourse 75082 PARIS-CEDEX 02

For more information: http://www.amf-france.org/Le-mediateur-de-l-AMF/Presentation.html

Reminder of the main risks

Private Equity funds primarily invest in non-listed or small-cap companies, mainly based in the Eurozone. The main risks faced by these funds are:

Capital loss risk: The funds are invested in non-listed securities and do not benefit from any capital guarantee, so it is possible that the initially invested capital may not be fully returned.

Liquidity risk: The funds are mainly invested in non-listed securities that do not have immediate liquidity. These investments may remain locked-in for several years or even be sold at a value lower than their market value, resulting in a decrease in the fund’s net asset value.

Credit risk: Risk of loss of debt by the fund due to the debtor’s default on the agreed maturity, related to investments in bond, monetary, or diversified assets. In the event of a deterioration in the quality of issuers, the value of these assets may lead to a decrease in the fund’s net asset value.

For more information, we invite you to contact the company.

Conflicts of Interest Policy

A situation of conflict of interest refers to any situation in which the interests of idiCo, as an investment fund manager, or its related companies or shareholders diverge from the interests of clients, and in which the decision-making process could favor idiCo to the detriment of clients.

idiCo’s activities must be managed in the interest of clients with the aim of acting fairly towards partner companies or co-investors. To this end, idiCo Capital has established a procedure that outlines the prevention, detection, and management systems for conflicts of interest in the activities carried out by idiCo.

The main identified conflicts of interest may arise in relation to:

Investments or divestments

Valuation of holdings and risk management

Provision of services and advice

The Compliance and Internal Control Officer maintains a permanent register of actual or potential conflicts of interest. Conflicts of interest are reported to the management of idiCo.

idiCo is committed to informing its clients of the general nature or source of any such conflict(s) of interest if such a situation were to be identified.

For more information, we invite you to contact the company.

Best Selection Policy

idiCo does not provide order execution services on behalf of third parties. Therefore, idiCo implements all reasonable procedures and measures to achieve the best possible result for the investment funds it manages when transmitting orders for execution resulting from its decisions to trade financial instruments on their behalf, with the aim of ensuring the prompt and efficient execution of orders in the best interest of the end client.

The policy adopted by idiCo is based on “Best Selection” procedures for the intermediaries responsible for order execution and control procedures to ensure that these intermediaries adhere to the principle of “Best Execution.”

For more information, we invite you to contact the company.

Remuneration Policy

idiCo’s remuneration policy is based on the evaluation of skills and annual quantitative and qualitative performance criteria. The remuneration policy adheres to the following principles:

Conforming to idiCo’s economic strategy, objectives, values, and interests.

Not encouraging excessive risk-taking compared to the investment policy of the AIFs managed by idiCo.

Allowing idiCo to align the interests of the AIFs and their investors with those of the staff, particularly the staff managing these AIFs, and establish and maintain a sound financial situation for idiCo.

The general principles of idiCo’s remuneration policy are under the responsibility of the idiCo Management. Within this framework, the idiCo Management relies on an internal working group (the “Remuneration Committee”) and the person in charge of the RCBI and risk control functions for idiCo (the “RCBI”).

The remuneration policy applies to all idiCo personnel regardless of their roles or functions within the management company, subject to specific provisions for Risk Takers.

For more information, we invite you to contact the company.