MyInvestor launches its first venture capital fund for 10,000 euros and an annual return of 16% | EUROtoday

MyInvestorthe neobank backed by Andbank, El Corte Ingls, AXA and a number of household workplace, launch subsequent Friday its first venture capital funding fund with Arcano Partners. The new automobile, referred to as Actyus Secondary Fund FCR, shall be obtainable to shoppers from a minimal funding of 10,000 euros and plans to attain an annual return (or IRR) of 16%. “The investment presents a multiple of 1.7 times, which means that an investor who invests 10,000 would receive 17,000 euros over the life of the fund,” the neobank explains.

The construction of the fund adjusts to the state of affairs of venture capital. This signifies that the cash shall be captive for a interval of eight years, which might be prolonged for one other 4 “at the discretion of the manager,” they make clear. However, MyInvestor expects traders to recuperate all of the capital paid between years 4 and 5 in an funding that can happen steadily through the first two years from the date of contracting.

The fund will put money into greater than 300 corporations with excessive geographic and sector diversification, with better weight within the well being and industrial sectors, and much less publicity to consumption. Half of the investments are anticipated to be made in Europe and the opposite 50% in unlisted corporations within the United States. It is price clarifying that within the particular case of the fund managed by Arcano, though it’s venture capital, The funding is made within the last tranche, “which shortens the maturity period” and after different funds have beforehand invested.

Regarding the prices for the contributors, The transaction fee is 2% which is utilized solely as soon as when contracting the fund, and an annual administration charge of 2% for quantities between 10,000 and 100,000 euros, and 1.5% for greater volumes. Additionally, cost success commissions primarily based on the evolution of the product.

Arcano Partners has delegated the administration of the automobile, throughout the administration firm Actyus, belonging to Andbank.