Modern Slavery Statement

Rede Partners’ transparency statement on modern slavery and human trafficking.

This statement is published on behalf of Rede Partners LLP and its subsidiaries (collectively Rede) in accordance with section 54(1) of the Modern Slavery Act 2015 (the Act).

It constitutes Rede’s slavery and human trafficking statement for the year ending 31 March 2024.

1. Introduction

Rede is committed to preventing and eradicating all forms of modern slavery, including human trafficking, forced labour, and servitude. We recognise that slavery and human trafficking are global issues that affect millions of people worldwide, and we are committed to do our part to prevent these abuses in our business and supply chains. We expect all our employees, contractors, and suppliers to share in our commitment to prevent and combat modern slavery.

2. Our obligations

Under the UK's Modern Slavery Act 2015, Rede is required to take steps to prevent slavery and human trafficking in all parts of its business and supply chains. We have a zero-tolerance approach to all forms of modern slavery, including human trafficking, forced labour, and servitude.

We will take all reasonable steps to ensure that all our employees, suppliers, and contractors do not use slavery or human trafficking in their businesses, products, or services.

Rede is committed to acting ethically and with integrity in all business dealings and relationships to ensure modern slavery is not taking place anywhere in Rede’s own business or in any of its Supply Chains (as defined below).

3. Organisation and supply chains

Rede is an independent placement agent specialising in the private placement of private equity funds to institutional investors; advice to general partners with respect to the structure, economic terms and fundraising strategy of private equity funds; and advice to general partners with respect to the structure, economic terms and fundraising strategy and running the tender process for secondary transactions relating to underlying portfolio holdings or investor interests., operating from offices across North America, Europe and Asia.

Group companies have been established and, where appropriate, are authorised and regulated in each relevant jurisdiction. This includes in the United Kingdom, Rede Partners LLP, in the United States, Rede Partners (Americas) LLC, in Hong Kong, Rede Partners (Asia) Limited and in the Netherlands, Rede Partners (Netherlands) B.V.

Rede seeks to offer outstanding opportunities for the team, which is principally made up of Partners, permanent employees and a small number of Senior Advisors. In addition, Rede offers short term paid internships and work experience. By exception, it has fixed term or contractor arrangements in place, for example to cover parental leave or to meet specific requirements. All are subject to standard contractual terms appropriate to the jurisdiction in which they are based. Rede’ supply chains (the Supply Chains) are typical of a regulated financial services advisory firm, principally comprising:

  • professional services suppliers, supporting us on matters such as recruitment, accounting, audit, taxation, legal and compliance;

  • other outsourced service providers, principally relating to technology, telecoms, employee benefits and payroll; and

  • goods and service providers relating to our global offices, such as property and facility management, cleaning, security, catering, utilities and office supplies.

4. Risk Assessment

Rede has conducted a risk assessment of our supply chains and businesses to identify and assess the risks of slavery and human trafficking and established that there is a low risk of modern slavery and human trafficking within the Firm’s business or in any of its Supply Chains. Furthermore, due to the nature of the Firm’s business, there is a low risk of such issues arising in the future. The Risk Assessment will be repeated in each forthcoming financial year in order to ensure that Rede’s internal and external processes continue to be held to high standards as required under the Act.

5. Due Diligence

Rede does not consider that our key relationships with professional or business services suppliers give rise to material risks in this area. Rede will conduct due diligence on new and existing suppliers if we identify them to be higher risk to confirm that they are complying with the provisions of the Modern Slavery Act and review their supply chain in line with the Modern Slavery Act.

6. Training and Awareness

We will provide awareness and training to all our employees to help them understand the risks of modern slavery and how to identify and report any potential cases. Rede provides information and resources promoting awareness of ESG issues and encouraging individuals to identify improvements and report potential risks.

7. Reporting

Rede encourages all employees, suppliers, and contractors to raise any concerns or suspicions they have regarding modern slavery.

8. Investigation and Remediation

If any allegations of slavery or human trafficking arise, Rede will take prompt and effective action to investigate and remediate the situation. We will work closely with our suppliers and contractors to ensure that they take necessary steps to prevent modern slavery occurring in their businesses and supply chains.

This statement has been approved by the members of Rede Partners LLP on 9 May 2023.