- €100 million plus in aggregate capital commitment
- First capital call of 30% on the initial closing date
- Minimum capital commitment is €1 million
- 2% yearly management fee
- 20% carried interest with an hurdle rate
- Unlisted, closed-end investment vehicle, with a term of 5 years
- The fund managers target a minimum net return of 25% p.a. after 5 years
Type of Financing
- Co-equity where the risk/return considerations justify it
- Co-acquisitions of distress properties after careful consideration
- Co-funding, Senior Loans, Bank Loan guaranty, Bank facility guaranty, Debt
Restructuring.
Equity Position
- Majority stakes in principal
- €3 – €10 million per investment
- Single investment not representing more than 15% of the portfolio
Management Involvement
- Local involvement critical for success
- High level of due diligence and analysis
- Hands on influence over Strategy, Finance and Development
Sectors and sub-sectors
- Real Estate: Construction and Development
- Healthcare, Hospitality, Leisure, Logistics, Offices and Retail
Geographic Focus
- SEE namely Albania, Macedonia, Montenegro and Serbia
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