Fideas ACT for Climate SICAV

Overview

Fideas ACT for Climate SICAV is a French investment fund established in October 2022 by Fideas Capital, a management company founded by Pierre Filippi. The fund is structured as a Société d'Investissement à Capital Variable (SICAV) and is recognized as a 'société à mission,' reflecting its commitment to social and environmental objectives. Its primary focus is on facilitating the transition to a low-carbon economy by investing in French mid-cap companies. The fund targets approximately 20 listed French mid-cap companies, each with a market capitalization between €80 million and €500 million. Fideas ACT for Climate SICAV aims to be a stable shareholder with a minimum investment horizon of five years, holding equity stakes ranging from 1% to 5% in these companies. The selection criteria emphasize the quality, growth prospects, valuation, and the motivation of company leaders to initiate or accelerate their low-carbon transition. The fund employs the 'ACT pas-à-pas' method developed by the French Agency for Ecological Transition (ADEME) to support these companies in their environmental transition plans. In February 2024, Fideas Capital partnered with Arbevel to enhance the development and management of Fideas ACT for Climate SICAV. Arbevel serves as the financial advisor for the fund, contributing to the selection process and assisting in the companies' transition efforts. This collaboration underscores the fund's commitment to integrating financial performance with positive environmental impact, aligning with its mission to support the fight against climate change by aiding listed small and mid-cap companies in addressing their climate impact and implementing their environmental transition plans.