Portugal Yield Fund II, FCR Investor Presentation
Portugal Yield Fund II summary
Description
> Yield generating businesses with strong asset coverage
Term
>
8 years
>
Targets
Investment
Structure
Target Returns
Conditions
Commercial real estate assets in liquid areas
> Other yield generating businesses (e.g., infrastructure, concessions)
> 50-60% leverage at each investment (not at the fund level)
V V
> Long term leasing agreements
>
Tenants with a solid balance sheet
>
IRR: 4-5%; MOM: 1.3-1.5x in scenarios with a low capital appreciation
>
One off fee of 3% over subscribed capital
> Yearly management fee of 1.25% over subscribed capital
> Carried interest of 25% with 80% catch up
> Hurdle Rate of 4%
^ ^
> Minimum Investment: €250,290 or €50,000, if the total investment Iberis funds is at least €250,000
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