The Fund's targeted Assets under Managent will be €20m. The first closing  will be achieved when €8m of committments is received with the final closing being the earlier of 12 months after the first closing or when the target of  €20m committments is achieved.

The Fund's objective is to seek long-term capital appreciation and achieve reasonably attractive returns in excess of comparable public markets by investing in small unquoted companies, primarily in Cyprus,  while reducing investment risks through diversification.

A flat fee of only 2% on the total commitments will be charged to cover ALL Fund related expenses, including Management, Administration, Depositary, Legal and Audit fees.

​

The Fund will target investments involved in the general economy of Cyprus, with a focus on the growth sectors such as turism, energy, health, education and agriculture.

​

​

The size of each individual investment made by the Fund  will range between €1m to €3m depending on the nature and the potential of the specific project

​

​

Managers will be remunated based on performance with a 20% performance fee over a 5% return per annum  hurdle rate with a catch-up provision, on the compounded returns generated from the investments made by the Fund.

The Fund will have a duration of 7 years after the first closing  with the right to extend the exit period for another 2 years.

​

​

​

The  Fund will  investigate a number of potential investments and it is estimated that by the end of the 4 year "Investment Period" will conclude in 5-8 investments that will meet the requirements s set up by the Fund Managers.

The investments made by the Fund will have the best possible exit potential that will generate returns of multible times of the initial investment made.

​

​