ROAM Private Equity - Class B USD
ROAM Private Equity Sub-Fund is licensed by the Malta Financial Services Authority (“MFSA”) as a Professional Investor Fund (“PIF”) which is available to Qualifying Investors.
Investment strategy
The Sub-Fund will be investing its assets exclusively in the Master Fund ”Panorama Growth Partners II, LP”. For further details of the investment strategy of the Master Fund.
For temporary or defensive purposes, the Sub-Fund may invest up to 100% of its total assets in short-term fixed income instruments, money market funds and cash and cash equivalents. The Sub-Fund may also at any time hold such securities for cash management purposes, pending investment in accordance with its Investment Policies and to meet operating expenses and redemption requests.
Uninvested cash may be held on deposit in a bank account in the name of the Sub-Fund.
Prospective investors in the Sub-Fund may be required to make a commitment of capital (each a “Capital Commitment”) in accordance with the Subscription Agreement for the Sub-Fund. The Directors of the Company or their delegate may, subject to the notice periods outlined below, call all or a portion of the Available Capital Commitment of the investors in the Sub-Fund. Investor Shares in the Sub-Fund will be issued to the relevant Shareholder in such amount called.
Shareholders should note that the Sub-Fund will be operated on a closed-ended basis. This means that they will not have any general right or opportunity to redeem their Investor Shares. Accordingly, Shareholders should be prepared to hold Investor Shares over a long period of time. Shareholders do not have redemption rights during the lifetime of the Sub-Fund and all Investor Shares will be redeemed at the end of the Divestment Term.
Details
Name of Sub-Fund | ROAM Private Equity - Class B USD |
Base Currency | USD |
Isin | MT7000021705 |
Initial Offering Period | From 17 November, 2017 until the Closing Date. |
Closing Date | 31.12.2017 |
Initial Offering Price | USD 100 |
Number Of Investor Shares On Offer | 10'000'000 Investor Shares |
Investment Management Fee | 2% per annum calculated on the NAV on each Valuation Day and payable quarterly in arrears. |
Performance Fee | 20% of the gains made by the Sub-Fund after payments of the unreturned Capital Contributions. |
Minimum Initial Subscription | $75'000 |
Minimum Additional Ubscription | |
Minimum Holding | $75'000 |
Minimum Redemption | $10'000 |
Subscription Notice Period | 10 a.m. CET, three (3) Business Days prior to the relevant Subscription Day |
Redemption Notice Period | 10 a.m. CET, ten (10) Business Days prior to the relevant Redemption Day. |
Directory
Directors Of The Company | Mr. Nicholas Calamatta |
Registered Office | Himalaya Fund SICAV p.l.c. |
Investment Manager | Gamma Capital Markets Limited |
Sub Investment Manager | |
Administrator | Calamatta Cuschieri Fund Services Limited |
Executive Broker | Zarattini International Ltd. |
Auditors | PricewaterhouseCoopers |
Legal Advisors Malta | GANADO Advocates |