Bank Asset Fund II
Bank Asset Fund II

BANK ASSET FOUND II

The Bank Asset Fund II is an alternative closed-end real estate investment fund reserved for professional investors launched on 20 December 2012.
Investors are leading, all-Italian credit institutions. The objectives of the Fund are: to invest in non-capital real estate assets, to acquire properties from auctions and/or bankruptcy proceedings, used to secure any receivables by the same banks, to use a portion of the Fund’s assets to purchase non-performing loans backed by mortgage guarantees.

The Fund’s purpose is the professional management and enhancement of its assets so as to increase their initial value and maximize the divisible balance, namely the end net result to be distributed among the shareholders.

All assets are located in Italy.

PRODUCT FEATURES

DENOMINATION/NATURE
BANK ASSET FUND II – Closed-end alternative real estate investment fund reserved
MANAGER
Polis Fondi SGR.p.A.
RECIPIENTS
Professional investors
DURATION
10 years + 3-year extension
ASSET ALLOCATION STRATEGY
Development/restructuring/trading
DESTINATION
Mixed
START DATE OF OPERATIONS
28/12/2012
TARGET INTERNAL RATE OF RETURN (IRR) OF THE FUND
Equal to inflation + 3%
PROFIT DISTRIBUTION REGIME
Option to proceed with distributions
DEPOSITARY
Banca Popolare di Sondrio

DOCUMENTS

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