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 Master 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. Typically, there is no secondary market for Private Equity investments, which means there are no publicly traded securities available for a pricing benchmark. Consequently, the valuation of the Master Fund’s investments may rely on limited available data. In addition, Private Equity investment imposes high limits on liquidity, and the Master Fund’s various investments may require extended periods to sell assets. This creates a risk that the Fund may be unable to convert assets into cash and return capital to investors within the expected timeframe.

Investment Policy

• The Fund has a policy to invest in the investment units of only one foreign fund, namely VistaOne (Lux) Feeder, SICAV SA-I (the"Master Fund"), denominated in U.S. dollars (USD), averaged in an accounting year 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 VEPF Management, L.P. (the "Investment Manager") to manage the Master Fund.
• 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 (Repo) for investment purposes, 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.
• The Fund may invest in units of other mutual funds under the management company, up to 100% of the Fund's NAV.
• The Fund's investment strategy aims for its performance to track with the Master Fund, which seeks to generate long-term returns from private equity investments.

Dividend Payment Policy

No dividend

Subscription and Redemption of Investment Units

Subscription period: Monthly with advanced orders required. More details on the trading day which the Management Company will notify unitholders on its website or through other appropriate channels.

 

Redemption period*: Quarterly with advanced orders required. More details on the trading day which the Management Company will notify unitholders on its website or through other appropriate channels.

 
*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

BBL Asset Management Company Limited

Trustee

Bank of Ayudhya Public Company Limited

Registrar

Bangkok Bank Public Company Limited