UK Stewardship Code
Under Rule 2.2.3R of the FCA's Conduct of Business Sourcebook, Cryder Capital Partners LLP (the "Firm") is required to include on its website, a disclosure about the nature of its commitment to the UK Financial Reporting Council's Stewardship Code (the "Code") or, where it does not commit to the Code, its alternative investment strategy. The Code is a voluntary code and sets out a number of principles relating to engagement by investors with UK equity issuers. Investors that commit to the Code can either comply with it in full or choose not to comply with aspects of the Code, in which case they are required to explain their non compliance and state in general terms its alternative investment strategy.
The seven principles of the Code are that institutional investors should:
Publicly disclose their policy on how they will discharge their stewardship responsibilities;
Have and publicly disclose a robust policy on managing conflicts of interest in relation to stewardship;
Monitor their investee companies;
Establish clear guidelines on when and how they will escalate their activities;
Be willing to act collectively with other investors where appropriate;
Have a clear policy on voting and disclosure of voting activity; and
Report periodically on their stewardship and voting activities.
The Firm provides investment management services to a Fund (“the Fund”) that pursues an investment strategy that involve investing in a wide range of securities and instruments without limitation in various jurisdictions. If the Firm were to invest directly in UK single equities these would represent only a small part of the firm’s business. Hence, while the Firm generally supports the objectives that underlie the Code, the Firm has chosen not to commit to the Code. The approach of the Firm in relation to engagement with issuers and their management is determined globally. The Firm takes a consistent approach to engagement with issuers and their management in all of the jurisdictions in which it invests and, consequently, does not consider it appropriate to commit to any particular voluntary code of practice relating to any individual jurisdiction.
For further information on the Firm’s approach contact: IR@crydercapital.com
This website is not an offer of securities.
This Website does not constitute an offer to sell or a solicitation to buy any securities in any vehicle or any pooled investment vehicle (a "Fund") advised by Cryder Capital Partners LLP (the "Investment Adviser") or a recommendation to enter into any transaction, and may not be relied upon in connection with any offer or sale of securities. Any such offer or solicitation may only be made pursuant to a Confidential Private Offering Memorandum (or similar document) for the applicable Fund, which will be provided only to qualified offerees and which should be carefully reviewed prior to investing. This Website does not create any obligation on the Investment Manager or the Funds to consider any offer.
This communication is provided for information purposes only. This communication does not contain any material terms pertinent to an investment decision, including important disclosures of conflicts and risk factors associated with an investment in any Fund. This Website in and of itself should not form the basis for any investment decision.