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Fund/sub-fund parameters
PEM FIZ is a private equity fund of funds (FOF). The Fund mainly invests in the funds of MCI Group. The investment goal of the Fund is to increase the value of certificates through a strategy of exposure to private equity and mezzanine securities, primarily in the digital economy.
The investment policy does not guarantee a positive return of the Fund.
The Fund has no benchmark.
The Fund has a high level of investment risk.
The Fund is suited to long-term wealthy investors who plan investments for a minimum of five years.
Issues of investment certificates of the Fund take place through the so-called private offers.
The Fund allocates assets in the following funds of MCI Group:
• MCI.PrivateVentures FIZ, subfunds: MCI.TechVentures and MCI.EuroVentures,
• MCI.CreditVentures 2.0 FIZ
The Fund may also invest in equity or debt securities of MCI Capital S.A. and Private Equity Managers S.A., as well as debt instruments of the Polish State Treasury, money market instruments, and deposits.
MCI Group's fund certificates represent at least 50% of the Fund's assets. Collectively MCI Group's fund certificates and equity instruments of MCI Capital S.A. or Private Equity Managers S.A. account for at least 80% of the Fund's assets.
Valuation Day is the last day of a calendar quarter with a regular trading session on the Warsaw Stock Exchange as well as other days specified in the Fund's bylaws statute.
The investment certificates can be redeemed 3 times a year: on the last day of March, June, and September in which a normal trading session takes place on the Warsaw Stock Exchange (Redemption Date).
Redemption requests can be submitted from 49th to 35th day prior to Redemption Day.
Attention! In a given year, the total redemption may not exceed 15% of net assets value (NAV) at the end of the previous calendar year subject to the following. In both March and June, the redemption may not exceed 5% of NAV at the end of the previous year. In case the number of investment certificates requested for redemption exceeds any of the limits above, the eventual redemption will amount on a pro-rata basis.