Unsecured NPL Europe

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Fund Portrait

The principals of the GP are specialized since 1985 in the purchase of selected overdue invoices and default recipients. These are usually bought between 1% and 4 % of the initial value and recovered by WCMG Group through their offices around Europe. All functions are in house making WCMG a one-stop shop. Next to the 8% yearly yield (on the initial invested money), capital is paid back throughout the life of the Funds bringing the strategy targets to an IRR of approx. 15% p.a.This strategy is suitable for long-term investors looking for regular and consistent performance. Fund I was launched end of year 2017 and has been liquidated, as per business plan, with the expected returns during 2023. Fund II is on its third year of activity with similar results as Fund I and Fund III is currently open for new subscriptions. 

 

 

INVESTMENT MANAGER MC Square Independent Management
TYPE STRUCTURE Luxembourg SICAV-SIF
DOMICILE Luxembourg
DISTRIBUTOR SWITZERLAND OpenFunds Investment Services AG (Switzerland)
AUDITOR Deloitte, Luxembourg
CUSTODIAN Natixis Bank, Luxembourg
REGULATOR Commission de Surveillance du Secteur Financier, Luxembourg (CSSF)
PAYING AGENT SWISS Società Bancaria Ticinese SA (Switzerland)
GEOGRAPHY Europe
STRATEGY Bank portfolios – bank loans and personal loans; Financial portfolios – consumer credit, personal loans, credit cards; Leasing portfolios; Utilities and telco commercial papers and unpaid bills
SHARE CLASSES Retail and institutional
CURRENCY EUR
INITIAL CHARGES 0%
SUBSCRIPTIONS Open for subscriptions
MINIMUM INVESTMENTS Retail: 125,000 EUR; Institutional: 5,000,000 EUR
LIQUIDITY Possibility of exiting after year 3
MANAGEMENT FEE up to 2%
PERFORMANCE FEE 0%
MANAGER TRACK RECORD Since 1970's with proprietary moneys
ISIN LU1492828402 - retail (below 1mio EUR subscriptions) / LU1492828824 - institutional (above 1mio EUR subscriptions)