{"id":19619,"date":"2024-04-25T11:19:52","date_gmt":"2024-04-25T09:19:52","guid":{"rendered":"https:\/\/www.priviumfund.com\/?page_id=19619"},"modified":"2026-02-02T09:01:03","modified_gmt":"2026-02-02T08:01:03","slug":"dutch-mezzanine-fund-iv","status":"publish","type":"page","link":"https:\/\/www.priviumfund.com\/zh\/dutch-mezzanine-fund-iv\/","title":{"rendered":"Dutch Mezzanine Fund IV"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"19619\" class=\"elementor elementor-19619\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c0afe70 e-flex e-con-boxed e-con e-parent\" data-id=\"c0afe70\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c407f76 elementor-widget__width-initial elementor-tabs-view-horizontal elementor-widget elementor-widget-tabs\" data-id=\"c407f76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"tabs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-tabs\">\n\t\t\t<div class=\"elementor-tabs-wrapper\" role=\"tablist\" >\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-2051\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-2051\" aria-expanded=\"false\">About<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-2052\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2052\" aria-expanded=\"false\">Sustainability-related Disclosures<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-2053\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2053\" aria-expanded=\"false\">Fund Documents<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<div class=\"elementor-tabs-content-wrapper\" role=\"tablist\" aria-orientation=\"vertical\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-2051\" aria-expanded=\"false\">About<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2051\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2051\" tabindex=\"0\" hidden=\"false\"><div class=\"column\">\n<p>The <a href=\"https:\/\/www.dutchmezzanine.nl\" target=\"_blank\" rel=\"noopener\">Dutch Mezzanine Fund<\/a>&#8216;s objectives are to achieve long-term capital appreciation through privately negotiated investments primarily in mezzanine securities, for the purpose of achieving an attractive return on Investments. Mezzanine is a hybrid form of capital which is subordinated to senior (bank) debt and ranks ahead of a borrower\u2019s equity.<\/p>\n<\/div>\n<p>Fund IV follows the success of Fund I, II, III where the investment team is consistent in investment strategy but with a broader geographical reach, investing in both the Netherlands and Germany.<\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2052\" aria-expanded=\"false\">Sustainability-related Disclosures<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2052\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2052\" tabindex=\"0\" hidden=\"hidden\"><p class=\"western\" lang=\"nl-NL\" align=\"right\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><i>Initial publication date: 18 August 2023 (last update: 27 January 2026)<\/i><\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>Summary<\/u><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b><br \/><\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The <\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-US\">objective of Dutch Mezzanine Fund IV (<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-US\"><b>DMF IV<\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-US\">, the <\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-US\"><b>Fund<\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-US\">) is to achieve long-term capital appreciation through privately negotiated investments primarily in mezzanine securities, for the purpose of achieving an attractive return on investments<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">. DMF IV provides financing to a diversified portfolio of small and medium-sized enterprises (<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b>SMEs<\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">) with the intent to promote measurable environmental and social characteristics, alongside financial returns.<\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The Fund shall try to achieve its objective in particular, but without limitation, by: <\/span><\/span><\/p>\n<ul>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Providing mezzanine and related classes of capital for buyouts, recapitalisations, development or expansion of companies or other entities primarily with their core business in Europe, whereby the Fund will invest:<\/span><\/span><\/li>\n<li style=\"list-style-type: none;\">\n<ul style=\"list-style-type: circle;\">\n<li>\n<p lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">at least 60 percent of total commitments in mezzanine and other private, subordinated debt as well as investments with a similar risk profile issued by companies, issuers and borrowers that are incorporated or have their corporate headquarters, or which conduct a material part of their business in the Netherlands or Germany; and<\/span><\/span><\/p>\n<\/li>\n<li>\n<p lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">in mezzanine and other private, subordinated debt as well as securities with a similar risk profile issued by investee companies that qualify, at the time of the Fund&#8217;s first investment therein, as expansion and growth stage companies.<\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">In unitranche investments with leverage provided by third-party leverage providers.<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">A<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">n amount equal to at least two thirds of the amount drawn down from <\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">i<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">nvestors for the purpose of investment in <\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">c<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">ompanies based or active in the territory of the <\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">m<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">ember <\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">s<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">tates of the European Union <\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">(<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b>EU<\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">) <\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">or in candidate and potential candidate countries (recognised as such by the <\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">EU<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">).<\/span><\/span><\/li>\n<\/ul>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The Fund aims to achieve a &gt;10 precent internal rate of return, net of costs and carried interest, for its investors.<\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">DMF IV promotes social characteristics towards investee companies by providing access to financing for SMEs. Whilst financing remains a key success factor for the future business growth of SMEs, access to financing for SMEs remains difficult in today\u2019s markets. DMF IV invests in SMEs that are willing to make an effort to improve on their good employment practices, thereby fostering the development of decent work environments.<\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">In addition, DMF IV promotes environmental characteristics as the Fund is convinced that investee companies that are better prepared for the uncertainties and challenges of potential environmental changes will have better performance in the future. Enabling SMEs to improve on their sustainable production and consumption processes supports this preparation.<\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">DMF IV promotes both environmental and social characteristics, but does not have a sustainable investment objective. As such, the Fund does not target a percentage of sustainable investments and does not take into account the adverse impacts on sustainability factors as defined in the Sustainable Finance Disclosure Regulation (<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b>SFDR<\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">). Also, DMF IV does not target EU Taxonomy aligned investments. The Fund is therefore classified under article 8 of the SFDR.<\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">For every new potential investment, the Fund\u2019s portfolio managers prepare an extensive investment proposal. As part of this investment proposal, sustainability risks are assessed according to the Sustainability Accounting Standards Board (<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b>SASB<\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">) sustainability risk matrix including various risks regarding Environmental, Social and Governance (<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b>ESG<\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">) criteria. The investment proposal is subsequently discussed with the DMF IV Investment Advisory Committee, where the ESG risk analysis forms part of the overall risk assessment and investment decision process. The output of the ESG analysis is monitored by the Fund\u2019s manager via a third-party software tool.<\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">DMF IV uses the SASB methodology as it provides a framework for assessing and reporting on sustainability factors that are financially material to companies. While SASB primarily focuses on industry-specific sustainability issues, it recognizes the importance of good governance practices as a fundamental component of sustainability. SASB requires companies to disclose relevant governance-related information as part of their reporting. This includes information on Board composition, independence, leadership structure, executive compensation, and shareholder rights. By imposing these disclosures, SASB promotes transparency and accountability, which are essential elements of good governance.<\/span><\/span><\/p>\n<ul>\n<li>\n<p lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><a href=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/04\/240325-SFDR-Article-10-DMF-IV-Samenvatting-NL.pdf\">Samenvatting (NL)<\/a><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>No sustainable investment objective<\/u><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b><br \/><\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">DMF IV promotes environmental and social characteristics, but does not have a sustainable investment objective. The Fund targets a minimum of 60 percent of the invested capital to be aligned with the environmental and social characteristics, and does not make use of derivatives to promote these characteristics.<\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">More details can be found in the\u00a0<\/span><\/span><a href=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/04\/240221-Annex-II-SFDR-disclosures-DMF-IV-art-8.pdf\"><span style=\"color: #467886;\"><u><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">SDFR <\/span><\/span><\/u><\/span><span style=\"color: #467886;\"><u><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Pre-Contractual Disclosure (Annex II)<\/span><\/span><\/u><\/span><\/a><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>.<\/u><\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>Environmental or social characteristics of the financial product<\/u><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b><br \/><\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">DMF IV promotes social characteristics towards investee companies by providing access to financing to SMEs. Whilst financing remains a key success factor for the future business growth of SMEs, access to financing for SMEs remains difficult in today\u2019s markets. DMF IV invests in SMEs that are willing to make an effort to improve on their good employment practices, thereby fostering the development of decent work environments.<\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">In addition, DMF IV promotes environmental characteristics as the Fund is convinced that investee companies that are better prepared for the uncertainties and challenges of potential environmental changes will have better performance in the future. Enabling SMEs to improve on their sustainable production and consumption processes supports this preparation. The Fund aims to align its portfolio to the following Sustainable Development Goals (<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b>SDG<\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">) developed by the United Nations:<\/span><\/span><\/p>\n<p lang=\"nl-NL\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-24907 size-full\" src=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-social.png\" alt=\"\" width=\"1708\" height=\"928\" srcset=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-social.png 1708w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-social-300x163.png 300w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-social-1024x556.png 1024w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-social-768x417.png 768w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-social-1536x835.png 1536w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-social-18x10.png 18w\" sizes=\"(max-width: 1708px) 100vw, 1708px\" \/><\/p>\n<p lang=\"nl-NL\"><img decoding=\"async\" class=\"alignnone wp-image-24906 size-full\" src=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-environmental.png\" alt=\"\" width=\"1710\" height=\"1500\" srcset=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-environmental.png 1710w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-environmental-300x263.png 300w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-environmental-1024x898.png 1024w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-environmental-768x674.png 768w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-environmental-1536x1347.png 1536w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2026\/01\/SDG-environmental-14x12.png 14w\" sizes=\"(max-width: 1710px) 100vw, 1710px\" \/><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>Investment strategy<\/u><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b><br \/><\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The investment strategy of DMF IV is to support the sustainable growth of SMEs by providing access to financing. DMF IV provides financing to a diversified portfolio of SMEs with the intent to promote measurable environmental and social characteristics, alongside financial returns.<\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">DMF IV focuses on SMEs as they play a vital role in the economy for several reasons and access to financing is a key factor for their success:<\/span><\/span><\/p>\n<ul>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Business growth: Financing enables SMEs to invest in their operations, expand their production capacity, and enter new markets. With access to capital, SMEs can purchase equipment, hire additional staff, invest in research and development, and fund marketing campaigns. This helps them seize growth opportunities, increase productivity, and enhance competitiveness.<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Job creation: SMEs are significant contributors to employment and economic growth in many countries. Access to financing enables them to create new jobs, hire talented employees, and contribute to reducing unemployment rates. As SMEs grow, they generate tax revenue, stimulate local economies, and contribute to overall economic development.<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Economic growth and innovation: SMEs are important drivers of economic growth and innovation. They foster entrepreneurship and encourage the development of new ideas, products, and services. Their agility and ability to adapt quickly to market demands allow them to introduce innovative solutions, challenge established practices, and promote competition, leading to overall economic advancement.<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Contribution to GDP: Although individual SMEs may have smaller turnovers compared to larger corporations, collectively, they make a significant contribution to the Gross Domestic Product (<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b>GDP<\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">) of a country. The cumulative impact of numerous SMEs across various sectors adds up to a substantial share of economic output, contributing to overall economic stability and prosperity.<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Regional development: SMEs play a crucial role in regional and rural development. They often establish businesses in areas that are underserved by larger corporations, bringing economic activity, investment, and employment opportunities to those regions. This helps to reduce regional disparities, boost local economies, and improve the overall standard of living.<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Supply chain and local sourcing: SMEs often form an essential part of the supply chains of larger corporations. SMEs provide goods and services, act as suppliers and (sub-)contractors, and contribute to the overall functioning of the economy. Moreover, SMEs often source their inputs locally, supporting other small businesses, fostering interdependence, and creating a multiplier effect on the economy. The Fund applies a combination of exclusions of unwanted activities and sectors together with active portfolio management to support companies to grow in a responsible way.<\/span><\/span><\/li>\n<\/ul>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-US\"><u>Proportion<\/u><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>\u00a0of investments<\/u><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b><br \/><\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The Fund aims to select a minimum of 60 percent of the Fund\u2019s invested capital to be aligned with the social and environmental characteristics. The Fund does not make use of derivatives to promote the environmental and social characteristics.<\/span><\/span> <span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The Fund does not make sustainable investments and does not target alignment with the EU Taxonomy. The scope of the investments is reduced through the application of the Fund\u2019s product and sector exclusion policy as well as the geographical focus on small and mid-cap companies in the Netherlands and Germany.<\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>Monitoring of environmental or social\u00a0<\/u><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-US\"><u>characteristics<\/u><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-US\"><b><br \/><\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The Fund has determined that an investment contributes to the social and\/or environmental characteristic if it reports sufficiently on the KPIs related to the relevant characteristic.<\/span><\/span> <span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The companies the Fund invests in should not only have strong financials, good management and comply with the regulations, but they should also improve performance on their KPIs wherever possible. The Fund\u2019s portfolio managers have a long history of investing in and supporting SMEs. Active portfolio management can be very effective and can have a concrete and direct impact on the SMEs\u2019 policies and practices.<\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">More details can be found in the\u00a0<\/span><\/span><a href=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/04\/240221-Annex-II-SFDR-disclosures-DMF-IV-art-8.pdf\"><span style=\"color: #467886;\"><u><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">SFDR <\/span><\/span><\/u><\/span><span style=\"color: #467886;\"><u><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Pre-Contractual Disclosure (Annex II)<\/span><\/span><\/u><\/span><\/a><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>.<\/u><\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>Methodologies<\/u><\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The Fund uses the following methodologies to measure how its investments promote the social and environmental characteristics:<\/span><\/span><\/p>\n<ol>\n<li class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The Fund applies the materiality map of the SASB to determine which sustainability risks are material to consider in the investment decision-making process. SASB has identified more than 25 sustainability risks divided across ESG topics. Dependent on the economic sector the investment is active in, these risks are marked either: not material, not likely material, or likely material. For a risk to be classified as likely material, SASB has found that for over 50 percent of the companies active in that sector, the risk has a significant impact on the financial position or operational activities. The Fund performs an analysis based on policies, practices, and incidents to determine if the investee company has a low, average or high estimated sensitivity of the value of the investment to material sustainability risks.<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The Fund measures various KPIs related to SDG 8 (Decent Work and Economic Growth), 9 (Industry, Innovation and Infrastructure) and 12 (Responsible Consumption and Production). Progress is monitored and reported annually in the Fund\u2019s annual report.<\/span><\/span><\/li>\n<\/ol>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>Data sources and processing<\/u><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b><br \/><\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The Fund uses data for the following purposes:<\/span><\/span><\/p>\n<ul>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Sourcing of investee companies<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Monitoring sustainability risks<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Reporting on the SDG KPIs<\/span><\/span><\/li>\n<\/ul>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Data used and processed by the Fund are as follows:<\/span><\/span><\/p>\n<ol>\n<li class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Data sources:<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">\u00a0<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Directly sourced investee company financial data, policies, annual reports, and ESG reporting data.<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">\u00a0External technical experts and sector specialists are used when required.<\/span><\/span><\/li>\n<li class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Data quality:<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">\u00a0<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">A potential investee company needs to be willing to communicate and share information regarding the relevant topics and sustainability risk factors.<\/span><\/span><\/li>\n<li class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Data processing: the Fund processes data from investee companies via a software provider, checks the received data and does not process data beyond preparing investor communications and regulatory reports.<\/span><\/span><\/li>\n<\/ol>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>Limitations to methodologies and data<\/u><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b><br \/><\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The Fund expects limitations to occur with the current methodologies and data collection as\u00a0SMEs need some time to acquaint themselves with ESG reporting methods, or improve their reporting scope and quality of data. As the investee companies become more familiar with the ESG reporting, the Fund\u2019s methodologies and data sources are expected to improve.<\/span><\/span><\/p>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>Due diligence<\/u><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b><br \/><\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">The Fund follows the below investment process, integrating ESG risks and opportunities into the due diligence on potential investments:<\/span><\/span><\/p>\n<ul>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Deal sourcing: Initial check on sector\/product exclusions<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Initial selection: Deep dive into sector and product details and initial ESG analysis<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">One-pager\/initial review: Understanding ESG risks and opportunities<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Extensive investment proposal: Full understanding of ESG risks and opportunities, policies and ESG ambitions. Contribution to KPIs.<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Confirmatory due diligence: Final ESG risk report<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Transaction documentation: Inclusion of ESG commitments<\/span><\/span><\/li>\n<\/ul>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>Engagement policies<\/u><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><b><br \/><\/b><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">DMF IV takes an active Board observer seat of each investee company to monitor developments, steer ESG progress and intervene where needed on the below timeline:<\/span><\/span><\/p>\n<ul>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Monitor on a monthly basis \u2013 all Board reports, management accounts and comparisons to budget<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Quarterly basis \u2013 covenants compliance certificates<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Attend Board meetings \u2013 at least once a quarter with further meetings for specific corporate events (strategic decisions, large investments and budget deviations)<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Annually \u2013 budget discussions and monitoring of audited accounts<\/span><\/span><\/li>\n<li lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">Detailed and regular Investor reporting \u2013 DMF IV investors receive quarterly reports, portfolio and Fund updates, annual audited report &amp; accounts, and notifications on new developments and distributions.<\/span><\/span><\/li>\n<\/ul>\n<p class=\"western\" lang=\"nl-NL\"><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><u>Designated reference benchmark<\/u><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\"><br \/><\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-US\">The Fund<\/span><\/span><span style=\"font-family: Calibri, serif;\"><span lang=\"en-GB\">\u202fdoes not compare its\u00a0ESG\u00a0performance to a\u202fbenchmark\u202for index.<\/span><\/span><\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2053\" aria-expanded=\"false\">Fund Documents<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2053\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2053\" tabindex=\"0\" hidden=\"hidden\"><p><strong>Pre-Contractual Disclosure:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/04\/240221-Annex-II-SFDR-disclosures-DMF-IV-art-8.pdf\">Pre-Contractual Disclosure Document (Annex II)<\/a><\/li>\n<\/ul>\n<p><b>Key Information Document<\/b><\/p>\n<ul>\n<li>\u00a0<a href=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2023\/08\/230810-KID-DMF-IV-final.pdf\">Key Information Document DMF IV<\/a><\/li>\n<\/ul><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dfb719c elementor-widget elementor-widget-image\" data-id=\"dfb719c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"300\" height=\"201\" src=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-23-at-11.46.22-AM-300x201.png\" class=\"attachment-medium size-medium wp-image-17409\" alt=\"\" srcset=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-23-at-11.46.22-AM-300x201.png 300w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-23-at-11.46.22-AM-18x12.png 18w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-23-at-11.46.22-AM.png 558w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bc712de e-flex e-con-boxed e-con e-parent\" data-id=\"bc712de\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c986ce3 elementor-widget elementor-widget-template\" data-id=\"c986ce3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"19277\" class=\"elementor elementor-19277\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3643263 e-flex e-con-boxed e-con e-parent\" data-id=\"3643263\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d8d5ff3 elementor-widget elementor-widget-heading\" data-id=\"d8d5ff3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Examples of Funds and Strategies in the Netherlands<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5199201 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5199201\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e501c77 e-grid e-con-boxed e-con e-parent\" data-id=\"e501c77\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ad242b4 elementor-widget elementor-widget-image\" data-id=\"ad242b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.priviumfund.com\/zh\/aescap-life-sciences\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"691\" src=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Life-Siences-2022-1024x691.jpg\" class=\"attachment-large size-large wp-image-21395\" alt=\"\" srcset=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Life-Siences-2022-1024x691.jpg 1024w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Life-Siences-2022-300x202.jpg 300w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Life-Siences-2022-768x518.jpg 768w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Life-Siences-2022-1536x1036.jpg 1536w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Life-Siences-2022-2048x1381.jpg 2048w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Life-Siences-2022-18x12.jpg 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-09241f3 elementor-widget elementor-widget-image\" data-id=\"09241f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.priviumfund.com\/zh\/aescap-genetics\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"212\" src=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Genetics-2022-300x212.jpg\" class=\"attachment-medium size-medium wp-image-21393\" alt=\"\" srcset=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Genetics-2022-300x212.jpg 300w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Genetics-2022-1024x723.jpg 1024w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Genetics-2022-768x543.jpg 768w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Genetics-2022-1536x1085.jpg 1536w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Genetics-2022-2048x1447.jpg 2048w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/07\/Logo-Aescap-Genetics-2022-18x12.jpg 18w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3337f40 elementor-widget elementor-widget-heading\" data-id=\"3337f40\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.priviumfund.com\/zh\/aiconic-partners-fund\/\">Aiconic Partners Fund<\/a><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a178ea elementor-widget elementor-widget-image\" data-id=\"3a178ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.priviumfund.com\/zh\/dutch-mezzanine-fund-IV\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"558\" height=\"373\" src=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-23-at-11.46.22-AM.png\" class=\"attachment-large size-large wp-image-17409\" alt=\"\" srcset=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-23-at-11.46.22-AM.png 558w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-23-at-11.46.22-AM-300x201.png 300w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-23-at-11.46.22-AM-18x12.png 18w\" sizes=\"(max-width: 558px) 100vw, 558px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-823ca7e elementor-widget elementor-widget-image\" data-id=\"823ca7e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.priviumfund.com\/zh\/feo\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"103\" src=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2025\/10\/FF_Logo-Vertical_Tag_02_Transparente-300x103.png\" class=\"attachment-medium size-medium wp-image-24449\" alt=\"\" srcset=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2025\/10\/FF_Logo-Vertical_Tag_02_Transparente-300x103.png 300w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2025\/10\/FF_Logo-Vertical_Tag_02_Transparente-1024x353.png 1024w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2025\/10\/FF_Logo-Vertical_Tag_02_Transparente-768x265.png 768w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2025\/10\/FF_Logo-Vertical_Tag_02_Transparente-1536x530.png 1536w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2025\/10\/FF_Logo-Vertical_Tag_02_Transparente-2048x706.png 2048w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2025\/10\/FF_Logo-Vertical_Tag_02_Transparente-18x6.png 18w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-afe710c elementor-widget elementor-widget-image\" data-id=\"afe710c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.priviumfund.com\/zh\/fmo-privium-impact-fund\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"186\" src=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2022\/10\/FMO-logo-300x186.png\" class=\"attachment-medium size-medium wp-image-13065\" alt=\"\" srcset=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2022\/10\/FMO-logo-300x186.png 300w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2022\/10\/FMO-logo-768x477.png 768w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2022\/10\/FMO-logo-18x12.png 18w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2022\/10\/FMO-logo.png 788w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-281d930 elementor-widget elementor-widget-image\" data-id=\"281d930\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.priviumfund.com\/zh\/guardian-fund\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"993\" height=\"192\" src=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2020\/12\/Guardian-logo.jpg\" class=\"attachment-large size-large wp-image-3629\" alt=\"\" srcset=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2020\/12\/Guardian-logo.jpg 993w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2020\/12\/Guardian-logo-300x58.jpg 300w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2020\/12\/Guardian-logo-768x148.jpg 768w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2020\/12\/Guardian-logo-16x3.jpg 16w\" sizes=\"(max-width: 993px) 100vw, 993px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7638440 elementor-widget elementor-widget-image\" data-id=\"7638440\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.priviumfund.com\/zh\/principia-fund\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"318\" height=\"80\" src=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/04\/Principia-Logo.png\" class=\"attachment-large size-large wp-image-20477\" alt=\"\" srcset=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/04\/Principia-Logo.png 318w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/04\/Principia-Logo-300x75.png 300w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/04\/Principia-Logo-18x5.png 18w\" sizes=\"(max-width: 318px) 100vw, 318px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d57be6 elementor-widget elementor-widget-heading\" data-id=\"2d57be6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.priviumfund.com\/zh\/strategy-one-fund\/\">Strategy One Fund<\/a><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78c97c4 elementor-widget elementor-widget-heading\" data-id=\"78c97c4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.priviumfund.com\/zh\/tpm-privium-private-equity-program-2025\/\">TPM Privium Private Equity Program 2025<\/a><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a9c95bc elementor-widget elementor-widget-image\" data-id=\"a9c95bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.priviumfund.com\/zh\/tpm-privium-private-debt-portfolio\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"540\" height=\"354\" src=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/04\/TPM.png\" class=\"attachment-large size-large wp-image-21491\" alt=\"\" srcset=\"https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/04\/TPM.png 540w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/04\/TPM-300x197.png 300w, https:\/\/www.priviumfund.com\/wp-content\/uploads\/2024\/04\/TPM-18x12.png 18w\" sizes=\"(max-width: 540px) 100vw, 540px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>About Sustainability-related Disclosures Fund Documents About The Dutch Mezzanine Fund&#8216;s objectives are to achieve long-term capital appreciation through privately negotiated investments primarily in mezzanine securities, for the purpose of achieving an attractive return on Investments. Mezzanine is a hybrid form of capital which is subordinated to senior (bank) debt and ranks ahead of a borrower\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"unboxed","site-sidebar-style":"unboxed","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-19619","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.priviumfund.com\/zh\/wp-json\/wp\/v2\/pages\/19619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.priviumfund.com\/zh\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.priviumfund.com\/zh\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.priviumfund.com\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.priviumfund.com\/zh\/wp-json\/wp\/v2\/comments?post=19619"}],"version-history":[{"count":18,"href":"https:\/\/www.priviumfund.com\/zh\/wp-json\/wp\/v2\/pages\/19619\/revisions"}],"predecessor-version":[{"id":24924,"href":"https:\/\/www.priviumfund.com\/zh\/wp-json\/wp\/v2\/pages\/19619\/revisions\/24924"}],"wp:attachment":[{"href":"https:\/\/www.priviumfund.com\/zh\/wp-json\/wp\/v2\/media?parent=19619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}