Fund Name
BCAP Evergreen Private Credit Fund Not for Retail Investors (BCAP-EPC UI)
Risk Level
Level 8+ (Significantly High Risk)
Fund Type
- Fund adopts an investment policy focused on Private Credit instruments
- Fund of Funds
- Cross Investing Fund
- Exposed to Foreign Investment Risk
- Fund Group: Miscellaneous
Liquidity and Transfer Restrictions
- The fund has limited liquidity, with subscriptions available monthly and redemptions processed quarterly. Investors must submit redemption requests in advance and are advised to carefully review the fund’s dealing schedule as announced by the asset management company before making investment decisions.
- Destination Funds may impose redemption restrictions, which could result in investors not receiving unit allocations or redemption/switching proceeds within the expected timeframe.
- Fund units cannot be transferred to other investors unless they qualify as institutional investors or ultra-high-net-worth individuals, except in cases of inheritance or other special circumstances approved by the asset management company.
Key Risks and Complexities
Destination Funds primarily invest in Private Credit assets, which are not listed on public exchanges and may be either unrated or rated below investment grade. These investments focus on providing direct loans to private companies globally, most of which are also unlisted. As a result, there may be limitations in accessing relevant information, including investment details and valuation data. Furthermore, since there is no secondary market for Private Credit investments, market-based pricing references are unavailable, and valuations must rely on limited data sources. Additionally, Private Credit investments are highly illiquid and may require extended periods to liquidate, which could affect the fund’s ability to return capital to investors within the expected timeframe.
Investment Policy
- The Fund has a policy to invest in offshore funds established under foreign laws. These destination funds may be structured as funds, partnerships, companies, trusts, or any other legal entities (“Destination Funds”). The Destination Funds primarily invest — either directly or through other funds structured as partnerships, companies, trusts, or other collective investment schemes (CIS) — in Private Credit assets. These assets are not listed or traded on public exchanges and may be either unrated or rated below investment grade (Non-Investment Grade). The investment strategy emphasizes Directly Originated Assets, which involve providing direct loans to private companies globally. The fund will invest in units of at least two Destination Funds, with an average annual allocation of no less than 80% of the fund’s NAV. The average annual investment in each Destination Fund will not exceed 79% of the fund’s NAV.
- The fund may invest in derivatives to enhance investment efficiency (Efficient Portfolio Management) and for hedging purposes, including instruments with embedded derivatives. The exposure to derivatives (including embedded derivatives) will not exceed 100% of the fund’s NAV. The fund may also engage in borrowing and/or repurchase agreements (Repo) for investment purposes, with a combined limit of no more than 50% of the fund’s NAV. The fund will not engage in short selling, i.e., selling securities that must be borrowed for delivery.
- The fund may invest in units of other mutual funds managed by the same asset management company, with an allocation not exceeding 100% of the fund’s net asset value (NAV).
- The fund’s investment strategy aims to deliver performance in line with the Destination Funds, which are designed to generate long-term returns through Private Credit investments.
Dividend Payment Policy
No dividend
Subscription and Redemption of Investment Units
Subscription period*: Monthly according to the table in the Factsheet with advanced subscription 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 00:01 a.m. on the first day of the subscription period until 04:00 p.m. on the last day of the subscription period. |
Subscription period*: Quarterly according to the table in the Factsheet with advanced redemption 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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Redemption orders can be placed from 00:01 a.m. on the first day of the redemption period until 04:00 p.m. on the last day of the redemption period. |
*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.
Management Company
BBL Asset Management Company Limited
Trustee
Bank of Ayudhya Public Company Limited
Registrar
Bangkok Bank Public Company Limited