THE MPL1 INVESTMENT FUND
KNOW MORE ABOUT
MPL1, established since 2019, has the main purpose to provide a positive return for our investors. The allocation of the fund intends to be flexible in order to maintain the capacity to change the exposure according to the market conditions and also to fill regulatory parameters.
The MPL1 Fund has an investment period of 5 years and an investment policy that complies with the legal framework for venture capital, social entrepreneurship and specialised investment, approved by the Law n.º 18/2015, from 4th of March, allowing the Fund subscribers to qualify for the Portuguese Golden Visa.
Our investment philosophy focuses on listed and non-listed established companies with growth potential and with solid cashflow or significant assets.
FUND KEY DETAILS
Name
MONARQUE PORTUGAL L1, Closed Ended Fund (MPL1)
Fund Manager
Golden Monarque, SCR, S.A.
Fund Size
€ 21.000.000
Investment Ticket
€ 500.000
Currency
EUR
Fund Creation Date
November 30th, 2019
Subscription period
2 years maximum
Investment Period
5 years with the possibility of 1 year extension
Divestment targeted period
1 year
Fund Subscription Status
Fully subscribed
Management Fees
2%
Set-up fee
3%
Target Return on each investment
5%
Depositary Bank
Millennium BCP (Banco Comercial Português)
Auditor
Ernst & Young
ISIN
PTFTKEIM0010
INVESTMENT POLICY
The Fund will invest in established companies, with solid cash flow generation or significant assets and growth potential including commercial real estate companies specialized in the acquisition and management of real estate assets or in other funds or collective investment vehicles that follow investment policies compatible with these objectives.
The Fund can only invest in equity instruments, debt instruments of companies in which it holds or intends to hold equity positions or in other private equity funds.
The Fund cannot invest more than 33% of its capital in Private Equity Funds managed by other entities.
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
A minimum of 30% in new equity or debt instruments of commercial companies with registered offices in Portugal.
Up to 30% in new equity and debt instruments (convertible or not) of investment grade rated companies (S&P BBB-Moody’s Baa3 and higher) or listed companies with registered offices in Portugal.
Up to 40% in companies or private equity funds outside Portugal with a low risk profile and conservative approach.
INVESTMENT FUND
€350.000
MINIMUM INVESTMENT PERIOD
5 years
AT LEAST 60%
of the investment is made in commercial companies with registered offices in Portugal.
