The RECap Fund will invest in companies
whose underlying assets are tangible properties.
1/ Asset class
Bonds
Preferred fixed-return bond instruments backed by real estate underlying properties
(secured income)
Companies with residential assets
Prime apartments for rental income
(income + capital appreciation)
Companies with retail assets
Commercial units in residential schemes for secured long-term income
(income + capital appreciation)
Companies with developer assets
Equity into real estate development projects
(both Residential and Commercial)
2/ Location
Portugal
Minimum 60% in sought-after locations in Portugal
UK, Switzerland and other main European Capitals
Maximum 40% in UK, Switzerland and other main European capitals
3/ Diversification
Investment
No more than 30% of the fund is invested in a single property/project
Risk
Risk spreading strategy due to allocation into several risk-adjusted profiles:
Risk profile: low
Secured or preferred income basis
Risk profile: low/medium
Rental income with potential capital gains at exit
Risk profile: medium
Development projects