EfTEN CapitalEfTEN Capital

EfTEN Real Estate Fund

Fund name EfTEN Real Estate Fund AS
Fund type Public Closed Alternative Investment Fund, which is founded as private limited company. Regulated by Estonian Financial Supervision Authority
Fund term Termless
Fund manager EfTEN Capital AS
Fund status Listed in Nasdaq Baltic Main list
Auditor AS PricewaterhouseCoopers
Fund size (share capital) Maximum 120 million euros
Investment focus Cash flow generating commercial properties in the Baltic States.
Financial leverage <65%
Share issue terms Share issues are decided at the fund’s General Meetings.
Entrance and exit fee Up to 2% to subscription organizer, Swedbank
Liquidity of shares The fund’s shares are listed on the Baltic Stock Exchange
Share buyback by fund No share buyback.
Hurdle rate 10% annually.
Management fee 2% from invested equity per year
Net asset value (NAV) Calculation of the net asset value of the Fund’s assets takes place on a monthly basis. The NAV value is made public at www.eften.ee website.
Dividend The dividend payment is decided by General Meeting and is up to 80% from free cash-flow (EBITDA minus interest payments minus loan principal payments)
Fund’s expected capital return 15% annually
Depository Swedbank AS


Supervisory Board

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

Management Board

Viimased uudised

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