Bank Asset Fund IV
Bank Asset Fund IV

BANK ASSET FUND IV

The Bank Asset Fund IV is an alternative closed-end real estate investment fund reserved for professional investors launched on 23 December 2013.
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 IV – Closed-end reserved real estate investment fund
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
23/12/2013
TARGET INTERNAL RATE OF RETURN (IRR) OF THE FUND
Equal to inflation + 3%
PROFIT DISTRIBUTION REGIME
Option to proceed with distributions
DEPOSITARIO
Société Générale Securities Services S.p.A.

DOCUMENTS

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