Key data about Alboran Fund:
- initial subscription period starts: 1st March 2024
- minimum capital to launch: 8 MEUR
- projected net asset value at the end of the 1st year: 20 MEUR
- additional subscription days: second day of every January, March, May, July, September, November
- name value and initial subscription price of shares: 10,000 EUR
- minimum subscription amount and portfolio size: 0.4 MEUR
- joint ownership of an investment portfolio is possible
- lock-up period (during which the share cannot be redeemed): 2 years (730 days)
- the shares can be freely transferred to other professional or qualified investors
- redemption notification deadline: 2nd July each year
- redemption day: 2nd January each year
- payment of return: annually after the end of the 2nd full business year
- capital repayment: gradually in the 6-7th years
- final redemption date: 7 years from launch date
- leverage: possible for liquidity but no collateral on assets
- the Fund’s assets may be held in real estate and shares of real estate project companies (tied assets), or in bank accounts and liquid bonds recommended for investment (liquid assets)
- fund management fee: regular fee is 1.5% of the net asset value per year
- performance fee: 20% of the annual profit above 10% (if the annual growth of the net asset value exceeds 10% compared to the nominal value of the investment, 20% of the gain over 10%)
- valuation day (individual revaluation of properties): 31 December each year.
- determination of net asset value: every banking day
- taxation: only in the investor’s country of tax residence
Disclaimer: These data are for informational purposes only and do not constitute legal information or offer. Please request the official offering documentation using the the contact form.