Private Equity Investment

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The decision

2019-04-30 · Board of Directors of the Toronto Atmospheric Fund · adopted

As filed

The Board of Directors of the Toronto Atmospheric Fund: 1. Approved a private equity investment of $150,000 as set out in Confidential Attachment 1 to the report (April 12, 2019) from the Vice President, Impact Investing. 2. Directed that the confidential information contained in Confidential Attachment 1 to the report (April 12, 2019) from the Vice President, Impact Investing remain confidential in its entirety, as it

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involves the security of property belonging to the Toronto Atmospheric Fund (TAF) and contains commercial and financial information, supplied in confidence to TAF, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons or organizations.

On the agenda

As the city filed it

The Investment Committee is recommending a private equity investment of $150,000. This is compliant with Toronto Atmospheric Fund (TAF)'s Statement of Investment Objectives and Principles (SIOP) which allows TAF to invest up 5 percent of the Net Asset Value in pooled or third party portfolios of private equities which are comprised of companies that help address climate change and air quality issues and avoid exposure to companies whose share value may be at risk from climate change.

Staff recommended

The Vice President, Impact Investing recommends that the Toronto Atmospheric Fund Board of Directors: 1. Approve a private equity investment of $150,000 as set out in Confidential Attachment 1. 2. Direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as it involves the security of property belonging to the Toronto Atmospheric Fund (TAF) and contains commercial

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and financial information, supplied in confidence to TAF, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons or organizations.

On the record

The item as the City filed it

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