Fund Target Size
First close of € 5million.
Target: €25 million.
The vehicle will have an initial term of 3 years from first closing.
Each Investor shall make a commitment of at least €500,000.
Full draw down at first and final close:
The cost for management and budgeted expenses will be drawn down on a semi-annual basis.
Costs for Management
During the Investment Period (maximum 2 years): 2% per year of Total Assets under management which can be decreased by interest income.
After Investment Period and until the liquidation of the vehicle: 2% per year of the aggregate of the acquisition cost of non-written-off investments and reserves for follow-on investments.
Fund expenses: Estimated 0.35% per year of Total Commitments
Interest: 5.0% per year of Invested capital.
Profit Sharing: 20% of gains distributed semi annually.