PCA SICAV-SIF, SCA is a corporate partnership limited by shares (Société en Commandite par Actions (S.C.A.)), qualifying as an investment company with variable share capital (Société d’Investissement à Capital Variable (SICAV)), established as a specialised investment fund (Fonds d’Investissement Spécialisé (SIF)), registered with the Trade and Companies Register of Luxembourg (the “RCS”) under number B.173.068, with registered address at 68-70, Boulevard de la Pétrusse, L-2320 Luxembourg, Grand Duchy of Luxembourg (the “Fund”). Funds Avenue S.A. operates as the alternative investment fund manager of the Fund (the “AIFM”) and PCA Provalia S.à r.l., a private limited liability company (société à responsabilité limitée), registered with the the RCS under number B.173.029, with registered address at 68-70, Boulevard de la Pétrusse, L-2320 Luxembourg, Grand Duchy of Luxembourg, operates as the general partner of the Fund (the “General Partner”).

In compliance with the article 10 of the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (the “SFDR”), the AIFM provides the following disclosures:

Policy on Sustainability Risks:

Pursuant to Article 3, 4 and 5 of the SFDR, the AIFM and the Fund are required to publish information concerning its policies regarding the integration of sustainability risks policy and principal adverse impact policy in its activity.

Investment Objective and ESG Characteristics:

The Fund (i.e. including its sub-funds), managed the General Partner and does not prioritize sustainable investments as their investment objective, nor does the Fund endorse ESG characteristics, in accordance with Articles 8 and 9 of SFDR .ESG considerations are not mandatory for the investment decision-making process. However, although the investment policy of the Fund does not explicitly prioritize sustainable investments or ESG criteria, it is acknowledged that certain underlying investments may have connections with sustainable investments and/or ESG, which are not expressly factored into the investment process. The investments underlying the Fund do not align with the EU criteria for environmentally sustainable economic activities, as specified by the Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment and amending the SFDR (the “Taxonomy Regulation”).

Principal adverse impacts:

The Fund (including all its sub-funds) and its management do not currently consider or incorporate sustainability risks into their investment decisions. This is due to the complexity, potential inaccuracies, and incomplete nature of assessing such risks, which may also negatively impact returns. The size, nature, and scale of activities for its sub-funds are not expected to create significant adverse impacts on sustainability factors, with risk profiles primarily defined by factors other than sustainability. Although ESG criteria may be partially applied, they are not central to the investment strategies, and the AIFM does not take into account principal adverse impacts at the level of the investment processes since their policies do not promote environmental or social characteristics. The AIFM is cautious about the risks of greenwashing but remains committed to improving research and promoting ESG considerations in the future. If a future decision is made to integrate ESG targets into the investment objectives, the AIFM will give it careful consideration.


PCA SICAV-SIF, SCA /  Authorized & Regulated in Luxembourg by the CSSF - Legal Disclosure