Fund Performance and Strategy
David G. CreightonPresident and CEO
Cordiant Capital Inc.
TBLI 2008 EuropeNovember 13 & 14
Amsterdam
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What Is Cordiant?
• Montreal-based manager of Emerging Market private equity and debt funds
• $1.4 billion of subscriptions since founding in 1999
- three debt funds: CELF I, CELF II & CELF III- one private equity fund: Canada Investment Fund for Africa
• Fund participants include a selection of the world’s top institutional investors
• Over 130 investments in more than 50 emerging countries
• All investments are screened and monitored for SRI
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Gas pipeline
RealEstate
Container Port
Oil & Gas
Tire plant
SupermarketsPower GenerationBankCar LeasingOutdoor Advertising
Power Transmission
Gold Mine
Stainless Steel
Hotels
Water Utility
GeothermalPowerGeneration
Pig Breeding
Chemicals
Wood Products
Cement
Soybean Crushing & Logistics
Private PowerGeneration
Glass Factory
Oil & Gas Pipeline
Car LeasingNecktie Manufacturer
Banks
Oil & Gas
Banks
Bank
Regional Infrastructure Bank – Latin America
Toll Road Operator
Fertilizers
Ammonia Plant
Gas power plant Cosmetic
packaging
Potash Mine
Oil & Gas
Oil & Gas
Construction
Building Material Manufacturer
Mobile Telecom
Bank
Diesel Power Generation
Galvanized Steel
Electricity Distribution
Gold mineOil & Gas
Electric Power Generation
Banks
ConsumerPaper
Steel
Petrochemicals
Cordiant Investments
Petrochemicals
Mobile Telecom
Construction EquipmentLeasing
Does ESG Screening Add Value in EM?
• Focus on all the potential risks
• Demonstration effect
• It’s good business
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Environmental Risks
• Peru: Yanacocha, Gold Mining
- Tailings Management
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Social Considerations
•Nigeria: Eleme, Petrochemical
- Employee Ownership
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Governance:The Demonstration Effect
• Kazakhstan: Bank Turen Alem
- Enlightened Management
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TBLI 2008 Europe November 13 & 14, 2008
Cordiant Capital Inc.Suite 24001010 Sherbrooke Street WestMontreal, QC, Canada H3A 2R7www.cordiantcap.com