Unsecured NPL Europe


Fund Portrait
The principals of the GP are specialized since 1985 in the purchase of selected overdue invoices and default recipients. These are bought, on average below 5% of the initial value and recovered by WCMG Group through their offices around Europe. All functions are in house making WCMG a one-stop shop. Next to the 8% yearly yield (on the initial invested money), capital is paid back throughout the life of the Funds. The strategy targets an IRR of approx. 15% p.a. and is suitable for long-term investors looking for regular and consistent performance.
INVESTMENT MANAGER | MC Square Independent Management |
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TYPE STRUCTURE | Luxembourg SICAV-SIF |
DOMICILE | Luxembourg |
DISTRIBUTOR SWITZERLAND | OpenFunds Investment Services AG (Switzerland) |
AUDITOR | Deloitte, Luxembourg |
CUSTODIAN | Natixis Bank, Luxembourg |
REGULATOR | Commission de Surveillance du Secteur Financier, Luxembourg (CSSF) |
PAYING AGENT SWISS | Società Bancaria Ticinese SA (Switzerland) |
GEOGRAPHY | Europe |
STRATEGY | Bank portfolios – bank loans and personal loans; Financial portfolios – consumer credit, personal loans, credit cards; Leasing portfolios; Utilities and telco commercial papers and unpaid bills |
SHARE CLASSES | Retail and institutional |
CURRENCY | EUR |
INITIAL CHARGES | 0% |
SUBSCRIPTIONS | Open for subscriptions |
MINIMUM INVESTMENTS | Retail: 125,000 EUR; Institutional: 5,000,000 EUR |
LIQUIDITY | Possibility of exiting after year 3 |
MANAGEMENT FEE | up to 2% |
PERFORMANCE FEE | 0% |
MANAGER TRACK RECORD | Since 1970's with proprietary moneys |
ISIN | LU1492828402 - retail (below 1mio EUR subscriptions) / LU1492828824 - institutional (above 1mio EUR subscriptions) |