EfTEN CapitalEfTEN Capital

EfTEN Kinnisvarafond II

Fund name EfTEN Kinnisvarafond II AS
Fund type Closed end investment fund founded as a public limited company. Regulated by Estonian Financial Supervision Authority. The fund is founded under AIFMD directive
Fund term 10 years from the date of registration (5 years investment period; 5 years holding and exiting). General meeting can prolong the fund term twice by one year
Management Company EfTEN Capital AS
Fund status Investment period has ended; holding phase
Auditor AS PricewaterhouseCoopers
Fund volume (share capital) Up to 100 million euros
Calculation of the net asset value (NAV) and its frequency Calculation of the net asset value of the fund’s assets takes place on a monthly basis, according to the fund’s articles of association and to the procedure for calculating the value of the fund and the assets of the fund approved by the management company
Investment focus by sector Cash flow generating commercial and mixed-purpose properties. Preferred sites are retail, production, storage, hotel and office spaces with a single lessee, located in premium locations in different cities and towns across the Baltics
Geographical focus of investments Estonia, Latvia and Lithuania
Leverage Bank loan up to 60%, optimal 50 %
Management fee The main fee is 1% of the fund’s equity per year. The main fee is paid monthly.
The amount of the success fee is 20% , annual hurdle rate is 7%
Dividend To be approved by annual general meeting
Redemption of shares None
Liquidity of shares The fund’s shares are not publicly traded on the securities market. Investments should be regarded as long-term investments. The fund’s shares are freely transferable
The Fund’s expected return on equity More than 9% per year
Depositary Swedbank

Kontaktid

Supervisory Board

  • Arti Arakas (chairman)
  • Olav Miil
  • Siive Penu
  • Sander Rebane

Management Board

Viimased uudised