Prima Europe Fund
Prima Fund is a 2-tranche (which provides partial capital protection) venture capital investment fund investing in Ando Living branded developments and the brand itself.
Investment Sectors
Real Estate, Hospitality
Strategy Overview
Investing in the expansion of Ando Living touristic projects.
Minimum Ticket Size
€200,000
First Close Passed
Yes
Set Up Fee
1.23% added
Management Fee
1.7%
Performance Fee
0% No performance fee for senior equity investors
Target Annual Returns
2.5%
Target Returns Upon Exit
10%
Subscription Deadline
June 2023
Target Fundraise
€100,000,000
Month Established
July 2021
Fund Duration
8 years
US-investors (PFIC)
Yes
Prima Europe is a hybrid investment between a Fund and a Real Estate investment. The fund targets Hospitality projects branded by Ando Living, which is a lifestyle brand to be expanded from Portugal to the Mediterranean. At the end of the Fund term, the investor can use its Fund units to purchase an Ando Living residence within these developments. This Fund is best suited for conservative investors looking for capital protection (having -+10% min and cap at cash out) or buying property.