Legal Disclosure 

Regulation (eu) 2019/2088 of 27 november 2019 on sustainability-related disclosures in the financial services sector as amended (“sfdr regulation”) 

The SFDR regulation forms part of the European Commission's action plan on sustainable finance and imposes new transparency obligations and periodic reporting requirements on financial market participants (including authorized and registered managers of alternative investment fund managers (AIFMs) at both product and entity level. 

As a financial market participant, Blossem Finance GP S.à r.l (the “GP”), as general partner and registered AIFM of Blossem Finance Fund (the “Fund”) makes the following disclosure in accordance with SFDR regulation. The investments of the Fund do not take into account the EU criteria for environmentally sustainable economic activities. 

No integration of sustainability risks 

Sustainability risks, being environmental, social or governance events or conditions that, if they occur, could cause a negative material impact on the value of the investments, are not considered by the GP in its investment decision-making processes and due diligence procedures, as the GP believes that they are not material to the investment decision making process considering the nature and the size of the investments (seed and early-stage financing rounds of startups). 

No consideration of sustainability adverse impacts 

The GP lacks the necessary resources to acquire the data to comply with the requirements in relation to the consideration of principal adverse impacts.
Therefore, while supportive of the policy aims of the principal adverse impact regime, the GP does not currently consider principal adverse impacts. This decision will be kept under review concerning the indicators foreseen in the technical standards published by the European authorities. 

Remuneration 

The GP is remunerated by means of a management fee calculated on an annual amount during the investment period on the total of capital commitments and after the end of the investment period on the aggregate value of the investment as set out in the Fund documents. Thereafter, the management fee will accrue quarterly as and from the first closing date an on the successive anniversaries of said date and will be drawn down and payable quarterly in advance. Any money or fees earned and retained by the GP or its affiliates relating to the Fund will be reported to the limited Partners of the Fund and shall be offset 100% against the Management Fee. 

The investments underlying this financial product do not take into account the EU criteria for environmentally sustainable economic activities.