Information for investors
VENDEAVOUR Private Equity Fund SICAV a.s. is a growth fund that does not pay out dividends. Return is generated by an increase in the value of investment shares. Owners of investment shares can monetize their revenue by reselling these shares to the Fund, which is obliged to repurchase the investment shares under the conditions stipulated by the Articles of Association. Redemption is not allowed for the first three years after establishment of the Fund.
Preference investment shares
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.
Type of securities for public subscription: The Fund issues five classes of book-entry registered investment shares, and offers the following for public subscription:
- Preference investment shares, ISIN: CZ0008045978
Target return: 6-10 % 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% (a lower fee may be negotiated for larger investments)
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.
Key points about the Fund
VENDEAVOUR Private Equity Fund SICAV a.s.
Maříkova 1899/1, Řečkovice, 621 00 Brno
Business ID: 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.: ROHAN BUSINESS CENTRE, Rohanské nábřeží 671/15 (Reception B), 186 00, Prague 8.
on personal data processing relating to Act No. 110/2019 Coll., on personal
data processing, is available on the website of AVANT investiční společnost,
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.