PARISIAN CLUB DEAL
Commercial notice. Investing involves risks, notably the risk of capital loss. The information provided is purely indicative and does not constitute a guarantee. Please refer to the Fund's regulatory documentation before making any investment decision.
This Club Deal allows Sophisticated Investors to position themselves on two hotel assets¹ located in the heart of Paris*, in areas with high tourism and business appeal. The project involves the extension and upscale repositioning of a charming 3-star boutique hotel in the 18th arrondissement of Paris, at the foot of Montmartre. It also includes the complete renovation and high-end boutique hotel repositioning of a property in the 15th arrondissement of Paris.
¹Acquisition via hotel SMEs (Small and Medium-sized Enterprises).
*The Asset Management Company may also decide to close the subscription period early at its sole discretion, should the fundraising target be reached before this date.
(excluding entry fees)
With the possibility of two one-year extensions at the discretion of the Asset Management Company, up to a maximum date of December 30, 2033.
This IRR objective is provided for indicative purposes only. It is neither contractual nor guaranteed, and in no event constitutes a promise of return.
Investment in equity securities of unlisted companies or those providing access to capital involves specific risks. The main risks are:
Capital Loss Risk
The FPCI does not offer any capital protection. Consequently, all or part of the initial capital invested may not be returned.
Liquidity Risk
The FPCI mainly invests in equity securities, or securities granting access to the capital of unlisted companies. As such, the Management Company may face certain difficulties disposinge securities within the desired timeframes and at expected price levels.
Risk related to the Lock-Up Period for Investors
Redemption requests for securities are not permitted during the FPCI’s investment lifetime, which may be extended twice by one year, at the discretion of the Management Company.
Risk related to insufficient diversification
The FPCI may not constitute a diversified portfolio of investments, whether in terms of sectors or geographies. As a result, underperformance by Portfolio Companies could have a material adverse impact on the overall performance of the FPCI.
Hospitality Risk
Investments made by the FPCI will be subject to risks inherent to the hotel sector, managed directly or indirectly by the Portfolio Companies. There is no guarantee regarding the performance of the hotel assets and, therefore, of the Portfolio Companies held by the Fund.
Sustainability Risk
Risk related to an environmental, social, or governance (ESG) event or condition which, if it occurs, could cause an actual or potential material negative impact on the value of the investment.
Tax benefits are presented based on current tax regulations and are subject to future changes.
Please note that the risks listed above are not exhaustive. To understand all risks, please refer to the Fund Rules.
Sophisticated investors
We draw your attention to the fact that, pursuant to Article 423-49 I of the AMF General Regulation, units of FPCIs may only be subscribed to or acquired by investors falling within one of the following categories:
- Investors referred to in Article L.214-160 I of the French Monetary and Financial Code
- Investors whose initial subscription is equal to or greater than €100,000
- Investors, individuals or legal entities, whose initial subscription is at least €30,000 and who meet one of the following three conditions:
- They provide technical or financial assistance to unlisted companies within the Fund’s scope, with a view to their creation or development
- They assist the Management Company of the FPCI in identifying potential investors or contribute to its objectives in connection with the sourcing, selection, monitoring or disposal of investments
- They have experience in private equity, acquired either as direct equity investors in unlisted companies or as unitholders in funds such as a non-marketed FCPR, a professional specialised fund, a professional private equity fund, or a non-listed venture capital company
Any other investors, provided that the subscription or acquisition is made on their behalf and for their account by an investment services provider acting within a portfolio management mandate, in accordance with Article L.533-13 I of the French Monetary and Financial Code and Article 314-11 of the AMF General Regulation.
Capitalised terms shall have the meaning given to them in the Fund Rules.
Fund’s main features
FPCI under French law reserved for Informed Investors and not subject to approval by the AMF. It may adopt investment rules that deviate from approved funds. For further details regarding fees and target IRR, please refer to the Fund Rules.
Professional Private Equity Fund (Fonds Professionnel de Capital Investissement – FPCI)
- Class A : FR001400XAP9
- Class A : €100,000 (excluding entry fees)
- Entry fees
- Recurring annual costs (including Management Company management fees)
- Performance Fee (carried interest/profit sharing).
Banque Fédérative du Crédit Mutuel
Tax treatment
The Fund* is eligible under Article 150-0 B ter of the French General Tax Code, subject to a commitment to hold the units and compliance with current regulations.
1. TAX ADVANTAGES :
- Excluded from the Real Estate Wealth Tax (IFI) base.
- Eligible for Article 150-0 B ter of the French General Tax Code.
2. CAPITAL GAINS TREATMENT :
For individuals :
- No tax on income or capital gains at maturity (excluding social security contributions).
For legal entities subject to Corporate Income Tax (IS): :
- Distributed income is included in the taxable result.
- Capital gains at maturity are taxed according to the long-term capital gains regime (PVLT).
*For more information regarding the FPCI’s tax status, please consult your advisor.
Subject to a commitment to retain units and current regulations. Tax benefits are granted in exchange for the lock-up of units and the risk of capital loss.
Spain
Portugal
Germany
Netherlands
Italy
Belgium
