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 |
|---|---|
| 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) |
