Unsecured NPL Europe

img

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.

TYPE STRUCTURELuxembourg SICAV-SIF
DOMICILELuxembourg
LAUNCH DATEJuly 1, 2017
MANAGERWorking Capital Management Group (‘WCMG’)
DISTRIBUTOR SWITZERLANDOpenFunds Investment Services AG (Switzerland)
AUDITORDeloitte, Luxembourg
CUSTODIANNatixis Bank, Luxembourg
REGULATORCommission de Surveillance du Secteur Financier, Luxembourg (CSSF)
PAYING AGENT SWISSSocietà Bancaria Ticinese SA (Switzerland)
GEOGRAPHYEurope
SECTORBank 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 CLASSESRetail and institutional
CURRENCYEUR
INITIAL CHARGES0%
SUBSCRIPTIONSOpen for subscriptions
LIQUIDITYPossibility of exiting after year 3
MANAGEMENT FEEup to 2%
PERFORMANCE FEE0%
MANAGER TRACK RECORDSince 1970's with proprietary moneys
ISINLU1492828402 - retail (below 1mio EUR subscriptions) / LU1492828824 - institutional (above 1mio EUR subscriptions)