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    Deal-by-Deal Platform

    This type of structuration consists in an Umbrella Platform issuing securities each linked to a Private Equity Manager’s Fund.

    The rational is to provide an opportunity for High Net Worth Investors (“HNWI”) to get access to Private Equity Manager’s Fund.

    The structuration would consist in setting up a Securitisation SPV which would be comprise of multiple compartments.

    Each compartment of the SPV would invest into a specific Private Equity Fund managed by a PE Manager.

    The Securitisation SPV would issue one series of Tracker certificates linked to each PE Fund.

    Family Office would then be able to subscribe to these Tracker certificates for a minimum amount of 100 000 EUR/USD/GBP.

    Step 1 – Setup of the Management Company

    A Management Company is incorporated with the object to create and manage a securitisation SPV.

    Step 2 – Setup of the Securitisation Fund

    A securitisation Fund is setup as an umbrella fund to create segregated compartments to host and invest into the specific private equity funds selected by the Management Company.

    Step 3 – Drafting the Base Memorandum (PPM)

    A Base Private Placement Memorandum will be created and will comprise the general terms and conditions applicable to all the Tracker certificates to be created in the future.

    Step 4 – Setup of compartments of the Fund

    An unlimited number of compartments of the securitisation SPV can be created to issue Tracker certificates , each linked to a specific private equity fund.

    Step 5 – Drafting of the Final Terms

    The Final Terms applicable to the first compartment will be drafted and will include the description of the first fund, its underlying assets, the coupon (if any), the duration, the type of Tracker certificates, the terms of the Tracker certificates , the capital commitments, calls, etc. The PE Fund can be based in Luxembourg or abroad. The Tracker may be issued an ISIN number and be clearable on demand.

    Step 6 – Subscription

    Preparation of the Subscription Form

    The Investor(s) can subscribe Tracker certificates via a Subscription Form either by completing it themselves or in nominee via their own bank.

    OR using Creatrust’s online portal FundNav.lu which provides with a fully dematerialised process of subscription.

    Creatrust Deal-by-Deal Platform

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