Name | Zurich Invest Middle Market Lending Europe II (EUR hedged) |
Legal structure | Lux RAIF (Zurich Privat Debt Europe LUX RAIF) |
Investor group | Institutional investors domiciled in Switzerland |
Currency | Euro (EUR) (non-euro investments are hedged against the Euro) |
Administrator | Bank of New York Mellon (BNY) |
Loan administrator | Erste Financial Services GmbH (EFS) |
Auditor | PricewaterhouseCoopers (PwC) |
Target size | Approx. EUR 300-500 million |
First close | July, 8th 2022 |
Final close | October, 31st 2024 |
Investment periode | 4 years (capital calls in EUR: D+5 banking days) |
Minimum commitment | EUR 5 million |
Duration | 8 years, closed structure (option to renew by 2 x 1 year) |
Management fee | 1.0% (on the invested capital) |
Performance fee | 10.0% (at a hurdle rate of 5.0%) |
Expected total expense rate | Approx. 1.8% (depending on the performance fee) |