Information for investors
The Fund offers investors preference investment shares with a minimum return of 6% per annum, even if the Fund incurs a lower profit or loss.
In the event of poor Fund performance, a minimum return of these preference investment shares is ensured by redistribution of the fund capital from holders of performance, management and premium investment shares, up to the amount of their fund capital. At the same time, investors are also entitled to 50% of higher returns from the investment portfolio, up to a maximum return of 10% per year. The redistribution guarantee ratio is the ratio of the founder’s share capital to the qualified investors’ fund capital.
| Type of securities for public subscription: |
The Fund issues five classes of book-entry registered investment shares, and offers the following for public subscription: |
| Real Rate of return: |
8–10% p.a. |
| Participation in return: |
Preference investment shares – return of min. 6% p.a. + 50% from return over 6% p.a., max. 10% p.a. |
| Entry fee: |
Max. 3% |
| Exit fees: |
10% of the value of the redeemed shares if a shareholder asks for a redemption of investment shares before 36 months have elapsed from their subscription. 0% of the value of the redeemed shares if a shareholder asks for a redemption of investment shares if more than 36 months have elapsed from their subscription. |
VENDEAVOUR Private Equity Fund SICAV a.s.
Maříkova 1899/1, Řečkovice, 621 00 Brno
IČO 08613893
The Fund is a company incorporated in the Commercial Registry maintained by the Regional Court in Brno, Section B, Insert 8254.
| Type of fund: |
Qualified investor fund |
| Legal status: |
Joint-stock company with variable capital (SICAV) |
| Focus area: |
Private equity – small and mid-sized companies in the Czech Republic and beyond |
| Investment horizon: |
5+ years |
| Fund duration: |
unlimited |
| Subscription frequency: |
monthly |
| Redemption frequency: |
monthly |
| Redemption maturity: |
4/7 months per the volume of redeemed investment shares (after 3/6 months the shares are further valorised) |
| Minimum investment: |
CZK 1 mil. |
| Fund manager: |
AVANT investiční společnost, a.s. |
| Fund administrator: |
AVANT investiční společnost, a.s. |
| Fund depositary: |
UniCredit Bank Czech Republic and Slovakia, a.s. |
| Fund auditor: |
BDO Audit s.r.o. |
| Regulating body: |
Czech National Bank |
VENDEAVOUR Private Equity Fund SICAV a.s. is a qualified investor fund pursuant to Act No. 240/2013 Coll., on Management Companies and Investment Funds; pursuant to S. 272 of the Act, only qualified investors may become shareholders of the Fund.
The Fund informs investors that the value of an investment in the Fund may decrease or increase and that a return on the original investment is not guaranteed. Performance of the Fund in previous periods does not guarantee the same or higher performance in future. Investment in the Fund is intended to achieve a return when held for a medium or long-term period and is therefore not suitable for short-term speculation. Potential investors should particularly consider the specific risks that may be associated with the Fund’s investment objectives as set out in its Articles of Association. The investment objectives are reflected in the recommended investment horizon as well as in the Fund’s fees and costs.
Detailed information is provided in the Articles of Association and the Key Information Document (KID). The Fund’s KID is available at https://www.avantfunds.cz/informacni-povinnost. This information can be obtained in hard copy at the registered office of AVANT investiční společnost, a.s.: CITY TOWER, Hvězdova 1716/2b, Praha 4 – 140 00.
Information on personal data processing relating to Act No. 110/2019 Coll., on personal data processing, is available on the website of Funds manager AVANT investiční společnost, a.s.: https://www.avantfunds.cz/cs/gdpr/.
Other important information for investors is provided at: https://www.avantfunds.cz/cz/dulezite-informace.
The facts provided are for informational purposes only and do not constitute a proposal for the conclusion of a contract or a public offer in accordance with the provisions of the Civil Code.