The filed record
Direct Investment Request - 2022 - No. 1
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The decision
2022-04-27 · Board of Directors of the Toronto Atmospheric Fund · adopted
As filed
The Board of Directors of the Toronto Atmospheric Fund: 1. Approved investment of up to $1,000,000 in US dollars, subject to the terms and conditions outlined by the Investment Committee at its meeting on March 31, 2022, as set out in Confidential Attachment 1 to the report (April 11, 2022) from the Vice President, Impact Investing, Toronto Atmospheric Fund. 2. Directed the Vice President, Impact Investing to implement the investment to the satisfaction of Toronto Atmospheric Fund's Solicitor.
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3. Directed that the confidential information contained in Confidential Attachment 1to the report (April 11, 2022) from the Vice President, Impact Investing, Toronto Atmospheric Fund remain confidential in its entirety, as it contains commercial and financial information, supplied in confidence to the Toronto Atmospheric Fund, 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 organization.
On the agenda
As the city filed it
The Direct Investment Committee is recommending an investment of up to US$1,000,000 based on due diligence demonstrating the potential for appropriate risk-adjusted return and strong alignment with TAF's mandate.
Staff recommended
The Vice President, Impact Investing recommends that the Board of Directors of the Toronto Atmospheric Fund: 1. Approve investment of up to $1,000,000 in US dollars, subject to the terms and conditions outlined by the Investment Committee at its meeting on March 31, 2022, as set out in Confidential Attachment 1. 2. Direct Vice President, Impact Investing to implement the investment to the satisfaction of TAF's Solicitor.
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3. Direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as it contains commercial and financial information, supplied in confidence to the Toronto Atmospheric Fund, 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 organization.