Governance

How PIF is built.

PIF publishes its structure as it is built: what is in place, what comes next, and in which order.

Investment committee

Three members, in place before the first asset purchase. Any related-party transaction requires the approval of a majority of its independent members, at market terms, and stays documented.

Exposure limits

Exposure to any single operator, including related parties, will be capped: 50% at launch, 40% above €2m under management, 25% above €5m.

Oversight bodies

A board of five members including two independents, a risk committee, an audit committee and an external auditor.

Fees, published upfront

Every fee will be displayed before any subscription — entry, management and performance.

First-loss reserve

5% of each raise, rebuilt as a priority, absorbing early shocks before any distribution. It reduces risk; it does not remove it.

Conflicts of interest

Some operators may be related to the founding team. Rather than ignore that, the structure is built to contain it: independent approval, market terms, capped exposure, full documentation.

All of the above are working assumptions, dependent on the vehicle retained and subject to legal and regulatory validation.

Work in progress

The order of work.

Eight workstreams, each signed off before an offer can exist.

Investment philosophy
Investment policy and eligibility
Governance and independent oversight
Risk management framework
Asset monitoring technology
Impact measurement methodology
Operator and industrial partnerships
Team and advisers

PIF is currently being developed and led from Luxembourg, with an international ambition and a focus on productive assets across Africa.

Two investment professionals reviewing fleet data on siteIllustration

Luxembourg is where the project is currently led. It does not describe a regulated Luxembourg fund.

Our commitments

Five conditions, held before anything opens.

None of these is optional, and none waits for the launch.

External legal counsel

The legal and regulatory structuring of PIF is placed in the hands of a specialised law firm. PIF opens only once that work is signed off — not before.

Independent oversight

An investment committee with independent members is in place before the first asset is bought. It approves every acquisition and every related-party transaction.

Fees published first

Every fee — entry, management, performance — is published before a single subscription can be taken.

Figures with their method

No financial or impact figure is published without the method behind it. Working assumptions are labelled as such, on every page.

Named assets

Each euro is traceable to an identified asset: registration plate, serial number, installation address, operator contract.

Interested in what we are building?

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