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UBP Private Debt Fund IV S GBP

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Investment strategy

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Performance

UBP Private Debt Fund IV S GBP
NAV - Net Asset Value
Date
Data source : UBP SA
Historical performance MTD YTD 1 year 3 years 5 years ITD
Historical performance 1.53% 4.22% 10.78% 8.14%
12 months rolling 03.23 - 05.24        
12 months rolling 10.78%

Disclaimer
Past performance is not indicative of present and/or future results. The performance figures shown include gross dividends reinvested, current charges but do not include subscription/redemption fees and taxes payable by the investor. For retail, performance data for sub-funds with less than a 12 month performance record is not displayed. For professional, performance under 1 year is shown cumulated and performance over 1 year is shown annualised. For sub-funds denominated in a currency other than that of the fund, the return may be reduced or increased according to exchange rate fluctuations. The value of investments may increase or decrease and investors may not get back all or part of the amount invested. Data source: UBP SA

Library

LEGAL DOCUMENT
Title Updated English
Prospectus 30.11.2022 PDF

Registration

ATAustria
BEBelgium
CHSwitzerland
CYCyprus
DEGermany
DKDenmark
ESSpain
FIFinland
FRFrance
GBUnited Kingdom
GRGreece
IEIreland
ILIsrael
ISIceland
ITItaly
KRSouth Korea
LULuxembourg
NLNetherlands
NONorway
PTPortugal
SESweden
SGSingapore
TWTaiwan
ZASouth Africa
ATAustria
BEBelgium
CHSwitzerland
CYCyprus
DEGermany
DKDenmark
ESSpain
FIFinland
FRFrance
GBUnited Kingdom
GRGreece
IEIreland
ILIsrael
ISIceland
ITItaly
KRSouth Korea
LULuxembourg
NLNetherlands
NONorway
PTPortugal
SESweden
SGSingapore
TWTaiwan
ZASouth Africa

Italy: I shares are only notified to the CONSOB.

Singapore: Sub-funds registered with the MAS (Monetary Authority of Singapore) can only be offered to “accredited investors”.


Fiscal information

Titre Statut
End of fiscal year 31 December
UK RFS No
German transparency No
Austrian transparency No
Italian reporting No
Switzerland RNI No

Sustainability-related disclosure

The Fund promotes environmental and/or social characteristics but it does not have as its objective sustainable investment. The Fund promotes the social characteristic of addressing housing shortages. The investments of the Fund are private debt securities.  The minimum proportion of the investments of the Fund used to meet the social characteristic promoted by the Fund in accordance with the binding elements of the investment strategy is 80%.

The Fund’s investment strategy to promote the above-mentioned social characteristics is to deploy its capital to invest in the private debt securities of Issuers who develop mass market housing and other housing projects. In addition, the Investment Manager will ensure that such Issuers of debt securities follow good governance practices.

In identifying privately sourced debt securities which allow the Fund to promote the social characteristic of addressing housing shortages, the Investment Manager will identify Issuers  who are developing projects related to: (i) mass market residential housing, including regulated social and affordable projects, shared ownership and privately owned mass market residential housing, including in the private rental sector; (ii) key-worker housing (for public sector employees who provide services in health, education and community safety); (iii) care homes and housing for elderly individuals; and (iv) purpose built student housing and other projects that address housing shortages. The Investment Manager will not invest in projects the main component of which comprises retail, hospitality, leisure, luxury accommodation or holiday homes.

The Issuers of the debt securities in which the Fund will invest will follow good governance practices. The Investment Manager, in order to satisfy itself that the relevant Issuers follow good governance practices, in particular with respect to sound management structures, employee relations, remuneration of staff, planning and environmental law and tax compliance, will ensure that the contractual arrangements with the relevant Issuers on behalf of the Fund incorporates clauses that promote the afore-mentioned good governance practices, where applicable, through relevant undertakings and representations, which, if breached, may constitute an event of default. The Investment Manager will monitor compliance with the contractual arrangements of the debt securities, including undertakings and representations pertaining to good governance practices.

The Investment Manager monitors compliance with the social characteristic outlined above on a regular basis through periodic reporting by the Issuers of the private debt securities which includes among other things: (i) details of the number of  residential projects being developed and completed by those Issuers, (ii) details of the types of tenure, and (iii) details of space dimensions per occupant compared to national standards.

The methodologes used to measure the attainment of the social characteristic promoted by the Fund are:

(i) The number of residential housing projects being developed as a result of the investments of the Fund in private debt securities of Issuers in accordance with the investment policy of the Fund.

(ii) Types of tenure of the residential housing projects that are developed as a result of the investments of the Fund in private debt securities of Issuers in accordance with the investment policy of the Fund.

(iii) The space dimension per occupant compared to national standards in respect of the residential housing projects that are developed as a result of the investments of the Fund in private debt securities of Issuers in accordance with the investment policy of the Fund.

For each investment the data will be collected from the Issuer or its team of consultants (e.g. architects, planning consultants etc). The data is obtained directly from the Issuers and their professional advisers. The data is Issuer and project specific. The data is collected and collated by the Investment Manager.

Whether data is estimated is a function of the data collected as described below:

  • The number of residential housing projects being developed as a result of the investments of the Fund in private debt securities of Issuers in accordance with the investment policy of the Fund. This is quantitative data and not estimated.
  • Types of tenure of the residential housing projects that are developed as a result of the investments of the Fund in private debt securities of Issuers in accordance with the investment policy of the Fund. The types of tenure are only finally determined when housing is sold to its end-buyer.  Prior to final sale, the data in respect of the types of tenure are estimated. This is then a qualitative assessment of types of tenure.
  • The space dimension per occupant compared to national standards in respect of the residential housing projects that are developed as a result of the investments of the Fund in private debt securities of Issuers in accordance with the investment policy of the Fund. The space dimension per occupant is quantitative. The comparison to national standards may be quantitative or qualitative and (and of qualitative, estimated).

The investments of the Fund are private debt securities issued by developers of mass market housing and other projects that address housing shortages.  The due diligence carried out includes:

a) AML and KYC of shareholders who own 10% or more of the issuer

b) Planning permission

c) Land title

d) Taking and enforcement of security

e) Corporate due diligence with respect to the issuer, including authority, encumbrances, major contracts etc

f) Review of business plan and sources and uses of financing

g) Key risks

h) Valuation

For more information, please see the fund’s Sustainability-related disclosures.

  • ISIN code
  • IE0002TDN2E4
  • Data as at
  • 24.05.2024
  • Latest NAV
  • 114.93 GBP
  • Fund's AUM
  • 24.94M EUR

Fund data

  • Fund name UBP Private Debt ICAV
  • Legal structure ICAV
  • Jurisdiction Ireland

Sub-fund data

  • Base currency GBP
  • Asset class Private Debt
  • Geographical bias N/A
  • Inception date 12.08.2022
  • SFDR classification 8

Share class data

  • Description S GBP
  • Launch date 12.08.2022
  • Dividend type Distribution (quarterly)
  • Minimun initial investment 125'000 GBP
  • Subscription N/A
  • Redemption N/A
  • Management fee 1.50%
  • Performance fee Yes
  • Performance fee rate 10% - Hurdle Internal Rate of Return (IRR) 5%
  • Last dividend N/A

Identifiers

  • Bloomberg N/A
  • Telekurs 116818465
  • Reuters N/A
  • WKN N/A
  • SEDOL N/A
  • Morningstar N/A
  • Financial Express N/A

Manager(s)

    Colin Greene