Fund Highlights
Opportunities
In the investment units of VistaOne (Lux) Feeder, SICAV SA-I (“Master Fund”), in U.S. dollars (USD), on average during the fiscal year not less than 80 percent of NAV.
Investment Strategy
Aims to achieve performance in line with the Master Fund, which seeks to generate long-term returns through investments in private equity.
Destination Funds
Focus on acquiring companies to gain controlling interests in enterprise software firms, data-driven businesses, and organizations specializing in delivering technology-based solutions.
Fund Details
Fund Name
BCAP Evergreen Enterprise Software Private Equity Fund Not for Retail Investors (BCAP-EESPE UI)
Risk Level
Level 8+ (Significantly High Risk)
Fund Type/Group Fund
- Alternative Asset Mutual Fund
- Feeder Fund
- Cross Investing Fund
- Exposed to Foreign Investment Risk
- Fund Group: Miscellaneous
Liquidity and Transfer Restrictions
- The Fund has limited liquidity. Its subscription is available monthly and redemption is processed quarterly. Investors must submit their orders in advance and are advised to carefully review the trading periods of the Fund announced by the asset management company before deciding to invest.
- The Destination Funds may impose redemption restrictions. Investors may not receive unit allocations, redemptions or be able to switch investment units within the expected timeframe.
- Unitholders cannot transfer investment units to other investors unless they qualify as institutional investors or ultra-high-net-worth individuals, except if it is an inheritance and/or other special circumstances approved by the asset management company.
Key Risks and Complexities
The Fund primarily invests in the Master Fund, which focuses on companies not listed on stock exchanges (“Private Equity”). This may result in limitations on access to information, including general investment details and valuation data. Furthermore, there is typically no secondary market for Private Equity investments, making it impossible to benchmark valuations against publicly traded securities. Consequently, the valuation of the Master Fund’s investments may rely on limited available data. In addition, Private Equity investments are highly illiquid, and the Master Fund’s various investments may require extended periods to dispose of assets. This creates a risk that the Fund may be unable to convert assets into cash and return capital to investors within the specified timeframe.
Investment Policy
- The Fund has a policy to invest in the investment units of only one foreign collective investment scheme, namely VistaOne (Lux) Feeder, SICAV SA-I (the"Master Fund"), denominated in U.S. dollars (USD), at an average of not less than 80% of NAV during each fiscal year. The Master Fund focuses onacquisitions that provide controlling interests in enterprise software companies, data companies, and technology solution providers, covering small-cap, mid-cap, and large-cap businesses with significant value creation potential.
- The Master Fund is a sub-fund of VistaOne (Lux) Feeder, SICAV SA, established as an investment company with variable capital and the ability to be subdivided into separate sub-funds. The Master Fund is authorized under the laws of the Grand Duchy of Luxembourg and is registered on the official list of undertakings for collective investment (UCIs), as approved by the Commission de Surveillance du Secteur Financier (CSSF). VistaOne (Lux) Feeder, SICAV SA has appointed ONE Fund Management S.A. as the Alternative Investment Fund Manager (AIFM), and the AIFM has delegated the investment management function of the Master Fund to VEPF Management, L.P. (the "Investment Manager").
- The Fund may invest in derivatives for efficient portfolio management (EPM) and for hedging purposes, including instruments with embedded derivatives, provided that the derivative exposure shall not exceed 100% of NAV. The Fund may also engage in borrowing and/or repurchase transactions (repos) for investment purposes, in aggregate not exceeding 50% of NAV, and/or invest in private equity up to 150% of NAV. However, the Fund will not engage in short selling of securities.
- The fund may invest in units of other mutual funds under the management company, up to 100% of the fund's NAV.
- The investment strategy seeks to deliver performance in line with the Master Fund, which has the investment objective of generating long-term returns through private equity investments.
Dividend Payment Policy
No dividend
Subscription and Redemption of Investment Units
IPO: November 10, 2025 – November 14, 2025
After IPO:
Subscription period: Monthly according to the table of subscription period in the Factsheet, with advanced orders required
Redemption period*: Quarterly according to the table of redemption period in the Factsheet, with advanced orders required
*The Management Company will set the first redemption date for the investment units 12 months after the date of the fund's registration or within a timeframe determined by the Management Company thereafter and will notify unitholders on the Management Company's website or through other appropriate channels.
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Every trading day of the Fund, 8:30 a.m. - 3:30 p.m. |
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Every trading day of the Fund, 8:30 a.m. - 4:00 p.m. | |
After IPO:
Subscription period: Monthly according to the table of subscription period in the Factsheet, with advanced orders required
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08:30 a.m. - 03:30 p.m. on subscription period specified in the Factsheet |
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Subscription orders can be placed from 0:01 a.m. on the first day of the subscription period until 4:00 p.m. on the last day of the subscription period. |
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Redemption period*: Quarterly according to the table of redemption period in the Factsheet, with advanced orders required
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08:30 a.m. - 03:30 p.m. on redemption period specified in the Factsheet |
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Redemption orders can be placed from 0:01 a.m. on the first day of the redemption period until 4:00 p.m. on the last day of the redemption period. |
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*The Management Company will set the first redemption date for the investment units 12 months after the date of the fund's registration or within a timeframe determined by the Management Company thereafter and will notify unitholders on the Management Company's website or through other appropriate channels.
Management Company
Bangkok Capital Asset Management Company Limited
Trustee
Bank of Ayudhya Public Company Limited
Registrar
Bangkok Bank Public Company Limited
Fund Information
Download the BCAP Evergreen Enterprise Software Private Equity Fund Not for Retail Investors (BCAP-EESPE UI) information
Notes
- Investments are not deposits and carry the risk that investors may not receive their money back in full when the investment is redeemed (the principal is not guaranteed).
- Investors are strongly advised to study the product characteristics including the prospectus, fund policy, return conditions, risks, and fund performance before deciding to invest.
- The offshore investment funds have no currency risk-protection policy for most, if not all, of their value. The currency risk policy is at the discretion of the management company. Investors may experience currency losses or profits, or receive a return less than their initial investment.
- This fund invests in or uses services related to high-risk or complex capital market products. It is different from investing in or using general capital market products.
- This fund is not shielded from investment risk in the same manner as general mutual funds are; therefore it is only suitable for investors who can accept high losses.
- This fund is for institutional and ultra-high net worth investors only. It is a high risk and complex fund that investors should seek additional advice on before deciding to invest.
For more information, or to request a prospectus please contact
Bangkok Bank Call Center 1333 or 0 2645 5555 www.bangkokbank.com,
Bangkok Capital Asset Management, call 0 2674 6488 and press 8 www.bblam.co.th
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