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The following statement is made in accordance with section 54 of the UK Modern Slavery Act 2015 (the “Act”). It sets out the steps that STAR Capital Partnership LLP and STAR Capital Partners Limited (together “STAR”), has taken to ensure that slavery and human trafficking are not taking place in its business or supply chains in the most recent audited financial year.
As an investment manager, STAR’s actions around modern slavery have two components:
In accordance with the Act, this statement covers the first of these, our own supply chain. A substantial part of our efforts regarding slavery and human trafficking is through our influence on the board of directors of portfolio companies of the investment funds managed or advised by STAR.
STAR Capital Partnership LLP and STAR Capital Partners Limited are UK investment managers headquartered in London. We manage and advise investment funds investing money from a group of investors, the majority of which is from pension funds, sovereign wealth funds and funds of funds. These funds invest predominantly in private companies headquartered in Western Europe. STAR’s workforce comprises a diverse and skilled group of professional finance, legal, compliance and operations personnel and is based entirely in Western Europe in an office setting. Given that, we consider there to be a minimal risk of modern slavery in our own operations and our focus regarding modern slavery is therefore on our supply chain.
As an investment manager, our most material suppliers are professional service firms such as legal, tax, accountancy, corporate finance and other professional advisors, which we consider to have a low risk of human trafficking or modern slavery in their own operations.
There may be a higher risk in the supply chains of our suppliers, of which we have limited visibility. The focus of our response is therefore on understanding the policies and procedures that our suppliers have put in place.
As a firm, we take a zero tolerance approach to slavery and forced labour in our business or its supply chain. Examples of the following policies in place relevant to modern slavery which we review and update are presented below.
Our due diligence on suppliers is based on an assessment of materiality. For material new suppliers, we review the supplier’s publicly available information regarding modern slavery and assess the adequacy of measures in place.
We conduct a risk review of STAR’s most material suppliers by expenditure. For the material suppliers identified, we obtain and review their modern slavery statements and other materials such as corporate responsibility reports, where available. For those suppliers which may be deemed higher risk, we would engage in discussions to better understand their treatment of these issues.
The results of our supply chain review reinforced our view that there is a low risk of modern slavery in our suppliers, which are largely providers of professional services with employees based in Western Europe.
All of the suppliers examined as part of our review had modern slavery statements available, although there is variation in the detail of disclosure. We have not become aware of any incidence of modern slavery in our supply chain in the year.
STAR conducts regular training for employees, which includes updates on the prevention of human trafficking and modern slavery.
This statement is made in accordance with Section 54(1) of the Modern Slavery Act 2015 and constitutes STAR’s slavery and human trafficking statement for the financial year ending 31 March 2024. It was approved by the members of STAR Capital Partnership LLP and the Executive Board of STAR Capital Partners Limited on 14th October 2024.
Signed by TM, Designated member of STAR Capital Partnership LLP and the Director of STAR Capital Partners Limited.
15th Floor, 33 Cavendish Square
London W1G 0PW
United Kingdom
Tel: +44 (0)20 7016 8500
e-mail: mail@star-capital.com
Important Notice: we have become aware that an organisation with a similar name has been targeting individuals in the UK through unsolicited calls to make cryptocurrency investments. Our firm, STAR Capital Partnership LLP, does not engage in this type of activity. Please see here for information on how to protect yourself from financial fraud and, if you have fallen victim to it, please report it to the UK Financial Conduct Authority by telephone or email: https://www.fca.org.uk/consumers/protect-yourself-scams.