Overview of parameters

The fund
in detail.

11–13% p.a.

Target return after fund costs

8% p.a.

Preferred return

min. 20%

Partners' capital

CZK 700m

Estimated size of the first sub-fund

CZK 1m / EUR 50,000

Minimum investment

4–6 years

Recommended investment horizon

1.3% p.a.

Fund management costs

CZK / EUR

Investor classes

36 months

Minimum holding period

Semi-annually

Fund valuation

The target return is not guaranteed. It is stated after expected ongoing fund costs, before investor taxation and any entry fee. Full terms are set out in the fund documentation.

Capital flow

How projects
enter the fund.

01Top Estates acquires the project

02Prepares it to the building-permit stage

03The project enters the fund at real cost

04The partner receives fund shares

CZK 0

cash paid out to partners on contribution

20%+

of partners' capital in the fund

The fund therefore does not buy projects from its founders at future expected value. Partners' capital stays invested alongside investors' capital.

Investor upside

How the investor's
return is created.

01 — Preferred return

8% p.a.

Investor classes have priority on the preferred return of 8% p.a.. Any shortfall is topped up from class M shares per the articles.

02 — Investor excess return

80 : 20

Further return is split between the investor classes and class M under the sub-fund's articles: 80% to investors / 20% to class M.

03 — Target return

11–13% p.a.

Target return of the investor classes after expected fund costs.

The exact calculation, accrual of returns and scope of any top-up are set out in the sub-fund's articles and the KID.

Investment classes

One strategy.
Three investment classes.

Preferred return

8% p.a.

Participation in excess return

yes

Target return

11–13% p.a. after fund costs

Minimum investment

CZK 1 million

Final parameters per the sub-fund's articles and related documentation. Indicative figures do not constitute investment advice.

Costs and exit terms

Fund management costs

1.3% p.a.

Fund cost structure

administration · depositary · audit · valuation

Entry fees

per the relevant class and distribution channel, max. 4%

Exit terms

First 36 months: exit is not possible

Exit terms

From month 37: no exit fee

Fund value valuation

semi-annually

Semi-annual valuation is separate from redemption timing. Full redemption and settlement terms are set out in the sub-fund's articles.

Reporting

An overview of
your investment.

Fund reporting

Regular information on the fund's financial performance and project progress.

Investor Portal

Secure access to information about your own investment, reports and documents.

Project progress

An overview of project preparation and delivery, key milestones and current status.

You will receive access after investing in the fund. We will be happy to show you the investor environment during a personal meeting.

Risks & controls

Every return carries risk.
What matters is how we manage it.

The fund is intended for qualified investors. The value of an investment may fall and returns are not guaranteed. This is a long-term investment with limited liquidity.