Apollo Ventures Holding GmbH
Große Reichenstraße 27
Internet address: https://www.apollo.vc
Entry in: Handelsregister
Register Number: HRB 145975
Register Court: Amtsgericht Hamburg
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The key information document for packaged retail and insurance-based investment products (PRIIPS) regarding Apollo Health Ventures Fund II GmbH & Co. KG can be found here, while the PRIIPS regarding Apollo Health Ventures Feeder II GmbH & Co. KG is available here. Das Basisinformationsblatt für verpackte Anlageprodukte für Kleinanleger und Versicherungsanlageprodukte (BIB) für die Apollo Health Ventures Fund II GmbH & Co. KG ist hier verfügbar, während das BIB für die Apollo Health Ventures Feeder II GmbH & Co. KG hier abgerufen werden kann.
Apollo Health VenturesManagement GmbH (“Apollo”) takes compliance seriously. Pursuant to Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector (the Sustainable Finance Disclosure Regulation, “SFDR”), Apollo makes the following disclosures.
Apollo has adopted a process-based approach to review sustainability risks in its investment decisions. Investments made by Apollo undergo a due diligence process factoring in different aspects of a potential investments. In this process, sustainability risks are assessed and reviewed. In its decision whether to pursue an investment opportunity Apollo will – among other aspects –take the outcome of such review into consideration.
Apollo considers principal adverse impacts of its investments on sustainability factors. Apollo believes that its investment scope, focusing on certain biotechnological and digital health companies which are primarily located in Europe and the USA, generally encompasses limited adverse impacts on sustainability factors. Despite a generally low risk profile, an area of importance for Apollo is particularly environmental impacts caused by drug development programs, especially regarding manufacturing of pharmaceuticals or research in relation thereto. In many instances, these programs are conducted by external service providers.
To effectively manage sustainability impacts, Apollo works with a network of renown partners in the space and also promotes that its portfolio companies handle potential and existing sustainability impacts responsibly. Given the limited exposure to adverse effects on sustainability factors, Apollo has adopted an incidence based approach to identify and potentially address adverse impacts on sustainability. Potential adverse impacts are likely to be detected within Apollo’s portfolio activities and subsequently reported to the management board of Apollo. Apollo seeks to address any potential adverse impact on sustainability in collaboration with its portfolio companies.
As a registered alternative investment fund manager within the meaning of section 2 (4) of the KAGB and a manager of a qualifying venture capital fund as defined in article 3 (b) of the EuVECA Regulation, Apollo does not have, and does not need to have, a remuneration guideline or policy in accordance with the requirements of the regulation. Sustainability risks are not considered with respect to the determination of the remuneration.
Apollo considers certain environmental and social characteristics as part of its investment decisions but does not seek to make sustainable investments as defined in the SFDR. The consideration of environmental and social characteristics is carried out both before and after the investments. For this purpose, information is initially and regularly obtained from the portfolio companies by means of qualitative queries. Apollo incorporates exclusion (negative screening) aspects during its decision-making process.
Apollo berücksichtigt bestimmte ökologische und soziale Merkmale im Rahmen seiner Investitionsentscheidungen, strebt aber keine nachhaltigen Investitionen im Sinne der SFDR an. Die Berücksichtigung von Umwelt- und Sozialmerkmalen erfolgt sowohl vor als auch nach den Investitionen. Zu diesem Zweck werden zunächst und regelmäßig Informationen von den Portfoliounternehmen durch qualitative Abfragen eingeholt. Apollo bezieht Investitionsausschlüsse (negative Screening) in den Entscheidungsprozess ein.
This financial product promotes environmental or social characteristics (Art. 8 SFDR) but does not have as its objective a sustainable investment (Art. 9 SFDR).
This financial product does not invest in portfolio companies whose business include:
a) Performing research and innovation activities considered as illegal according to the applicable legislation in the country of the portfolio company;
b) An illegal economic activity (i.e., any production, trade or other activity, which is illegal under the laws or regulations applicable to the Fund or the relevant portfolio company, including without limitation, human cloning for reproduction purposes);
c) The production of, and trade in, tobacco and distilled alcoholic beverages and related products;
d) The financing and production of, and trade in, weapons and ammunition of any kind;
e) Casinos and equivalent enterprises;
f) The research, development or technical applications relating to electronic data programs or solutions, which:
aa) Aim specifically at: (i) supporting any activity referred to under b) through e); (ii) internet gambling and online casinos; or (iii) pornography; or
bb) Are intended to enable to illegally (i) enter into electronic data networks; or (ii) download electronic data.
In addition, when providing support to the financing of the research, development or technical applications relating to (i) human cloning for research or therapeutic purposes; or (ii) genetically modified organisms, Apollo shall ensure the appropriate control of legal, regulatory and ethical issues linked to such human cloning for research or therapeutic purposes and/or genetically modified organisms.
Apollo Health Ventures Fund II GmbH & Co. KG (the “Fund”) invests in biotech companies developing drugs targeting age-related diseases as well as in data analytics companies focusing on the underlying causes of age-related diseases. Companies developing medical devices shall be excluded.The Fund intends to make its initial investments in the early stage, i.e., Seed and Series A rounds (including, for the avoidance of doubt, late seed rounds and occasionally Series B rounds). The Fund’s ESG approach (i.e., its investment exclusions) comprises part of its investment strategy, which is consistently applied for every portfolio company investment.
The Fund does not invest a fixed percentage in portfolio companies aligned with environmental and/or social characteristics but will only invest in line with its investment strategy. No portion of the Fund’s capital will be allocated to other asset classes.
Apollo has an increased awareness of the impact of sustainability risks on risk management and thus on the value potential of investments. Apollo consults with the companies on an ad-hoc basis and will carry out further checks if there are indications of potential issues with the Fund’s exclusion criteria. External monitoring mechanisms are not provided.
Currently, Apollo applies qualitative assessments with regard to environmental or social characteristics. An initial assessment is conducted in the course of the due diligence process. Such assessment takes the form of a questionnaire which we ask our portfolio companies to complete.
Information is obtained from the respective portfolio companies during the Fund’s due diligence process in which the questionnaire is completed by the portfolio companies. An external review or verification of the information obtained will only be carried out if misrepresentations are suspected.
The information collected via the due diligence proceed for the Fund is externally verified only if and to the extent misrepresentations are suspected. Thus, it cannot be ruled out completely that false information may remain undetected in certain cases. As the Fund’s investment is made for several years, Apollo considers it a priority to establish and maintain a trustful working relationship with the Fund’s portfolio companies in order to ensure compliance with the restrictions described in this section.
An initial assessment of how an investment relates to these requirements is carried out as part of the due diligence process. As a rule, purely qualitative statements of an ecological or social nature or relating to corporate governance are requested from the portfolio companies and then taken into account in the investment decision-making process.
Apollo decides at its sole discretion whether or not to make an investment based on principal adverse impacts on sustainability factors and may include risk mitigation measures where appropriate.