THE MPHT INVESTMENT FUND
KNOW MORE ABOUT
The Monarque Portugal Hospitality Tourism Fund (MPHT), whose CMVM Fund number was assigned on February 3rd, 2023, its currently available for subscriptions.
The MPHT Fund has an investment period of 10 years. Our investment philosophy focuses on listed and non-listed established companies with growth potential and with solid cash flow or significant assets.
FUND KEY DETAILS
Name
MONARQUE PORTUGAL HOSPITALITY TOURISM FUND, Closed Ended Fund (MPHT)
Fund Manager
Golden Monarque, SCR, S.A.
Fund Size
€ 100.000.200
Investment Ticket
€ 500.000
Currency
EUR
Fund Creation Date
Pending on the 1st Subscription
Fund Number attribution by CMVM
February, 2023
Subscription period
2 years maximum
Investment Period
8 years with the possibility of 1 year extension
Divestment targeted period
1 year
Fund Subscription Status
Available for Subscriptions
Management Fees
2%
Performance Fees
20% carried interest
Set-up fee
3%
Target Return on each investment
8%
Depositary Bank
Millennium BCP (Banco Comercial Português)
Auditor
Ernst & Young
ISIN
PTFTKIIM0008
CMVM Fund Number
1883
INVESTMENT POLICY
The fund will invest in commercial companies directly or indirectly involved in the hospitality and tourism development and management.
The investment policy covers investments in private equity, through equity or debt instruments, and listed security globally. The fund targets value-creation investments by right sizing the capital structure, improving sales and operation.
In the evaluation of potential investments, as well as in its execution, the fund will take in consideration its environmental and social impact, which shall be measured by key resource efficiency indicators (use of energy, renewable energy, raw materials, water and land, production of waste, greenhouse gas emissions, impact on biodiversity and circular economy).
More than 50% of the Fund must be invested in non-listed companies.
At least 60% of the fund’s capital must be used to finance companies headquartered in Portugal. These investments must be done via share capital increases or new issues of debt instruments.
The Fund may not, by itself:
- contract loans or issue debt securities
- grant security or collateral beyond the amount of non-paid-up subscribed capital
THE FUND’S TARGET ALLOCATION
HIGH FLEXIBILITY
Possibility of investing 100% of the fund’s capital in a single company
FOCUS ON HOSPITALITY
Companies dedicated to offering accommodation service like hotels, serviced and touristic apartments, villas and boarding houses
Companies dedicated to activities of food & beverage, including restaurants, Cloud Kitchens, fast-food and takeaway services, catering, and such other similar activities
Companies dedicated to activities of travel and tourism, including travel agencies, concierge services, transportation services, development of software, technological platforms, apps, or websites
Companies dedicated to offering entertainment and recreation services, notably companies providing all type of experiences for people to rest, relax and enjoy, such as experiences with gastronomy and wines, activities associated to nature (camping, crossings, diving, canoeing, sailing, surfing, surf foil, paddle, etc.), activities involving leisure (SPAs and others), artistic-cultural, sports and business activities