RTW Venture Fund Limited
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Responsible Investing
Social Achievements
- RTW Charitable Foundation funded research of rare conditions and supported humanitarian causes, including COVID recovery grants in NYC, STEM education grant in NYC, and emergency response grant for Ukraine.
Governance Achievements
- Initiated an ESG assessment in 2023 to plan for forecasted regulatory measures, including the United Kingdom’s proposed Sustainability Disclosure Requirements.
Climate Goals & Targets
Environmental Challenges
- Decline in IPOs and follow-on financings in the biotech sector.
- Reduced market demand for growth and venture capital assets.
- Change in U.S. tax regulation affecting publicly traded partnerships (PTPs).
- Reduced availability of capital allocation to the sector.
Mitigation Strategies
- The Investment Manager intends to seek additional ways of growing demand for the Company’s shares.
- To mitigate any drag on performance due to excess cash awaiting deployment into new private assets, the Group invests in a portfolio of listed companies.
- Changed its status for U.S. federal tax purposes from a PTP to a corporation.
- The Investment Manager is a long-standing full life cycle investor in the sector, in many instances supplying commercial expertise and advice to investees in addition to supporting successive financing rounds.