FAQ

What is Alaluz Capital?

Alaluz Capital is an independent fund management company (SGIIC), registered in the Comisión Nacional del Mercado de Valores (CNMV) which was founded by a group of professionals with wide experience in wealth management.

Who is in Alaluz Capital?

Alaluz Capital arose from the union of a group of professionals that decided to pool their vast experience in private bank areas, financial advisory and asset management in order to offer a top level wealth management service.

What is Alaluz Capital philosophy?

The sustainable creation of value by fostering a relationship based on trust in sync with evolving needs.

What is an UCITS, a SIF and a RAIF?

A UCITS (“Undertakings for Collective Investment in Transferable Securities”) is an investment vehicle aimed for all types of investments, requiring a high level of diversification of investments and providing the highest degree of protection to investors.

A SIF (Specialized Investment Fund) is an investment vehicle established in Luxembourg that allows investors access to a wider range of assets than a traditional UCITS fund. It is authorized and supervised by the CSSF, the ultimate regulatory authority in Luxembourg.

A RAIF (“Reserved Alternative Investment Fund”) is an investment vehicle established in Luxembourg, which operates like a SIF, with the same level of security, but does not require the prior authorization of the CSSF, speeding up its set-up.

What funds does Alaluz Capital manage?

Alaluz Capital offers:

ALX SICAV-SIF, a vehicle for global investments through their different compartments:

- ALX Fixed Income (ISIN: LU1506632618)
- ALX Fund of Funds (ISIN: LU1506632378)
- ALX Alternative Investments (ISIN: LU1506631644)

AUREAL CAPITAL 379 RAIF-SICAV, Forex investment vehicle through a quantitative trading model based on Artificial Intelligence:

- Aureal Capital FX01 - Class A USD (ISIN: LU1982692557)
- Aureal Capital FX01 - Class B EUR (ISIN: LU1982692987)

DEEP MIND STRATEGIC FUND, a UCITS vehicle which invests in Forex using an Investment Strategy based on Artificial Intelligence:

- Deep Mind Strategic Fund - Class C USD (ISIN: LU2018121821)
- Deep Mind Strategic Fund - Class C EUR (ISIN: LU2018121822)

What is the NAV and how is it calculated?

The NAV (“Net Asset Value”) is the unit price of each share in an open fund. It is calculated with the periodicity determined in each product investment policy, as the value of the fund assets minus the value of its liabilities at the calculation date divided by the number of shares outstanding in the fund.

How are fees applied?

The fees accrue daily as the result of the determined fee multiplied by the net equity fund. Generally, payments will be made on a quarterly basis.

While NAV itself is stated net of commissions, Alaluz Capital commits itself to clearly disclosing all those incurred and to ensuring that costs borne by the investor are at the going rate.

What is the minimum initial and the additional subscriptions?

The minimum initial subscription for a RAIF or a SIF is €125.000, with no limits for incremental amounts.

For a UCITS fund there is no minimum subscription. This is regulated in the prospectus.

How can I subscribe to an Alaluz Capital fund?

In ALX SICAV-SIF:

Investors will be able to make subscriptions through Caceis.

Address: 5 Allée Scheffer L-2520 Luxembourg
Tel.: +352 47 67 70 37
Email: FDI-TA1@caceis.com
Or through their bank.

In Aureal Capital 379 RAIF-SICAV:

Investors will be able to make subscriptions through Banque de Patrimoines Privés (BPP)

Address: 30, Boulevard Royal L-2449 Luxembourg
Tel.: +352 27 20 79 35
Email: accountopeningta@bbpp.lu 
Or through their bank.

In Deep Mind Strategic Fund UCITS:

Investors will be able to make subscriptions through European Fund Administration S.A.

Address: 2, rue d`Alsace L-1122 Luxembourg 
Tel.: +352 48 48 80 9001/9002
Email: register.ta.ops@efa.eu 
Or through their bank.

How can I make a redemption to an Alaluz Capital fund?

In ALX SICAV-SIF:

Investors will be able to make redemptions through Caceis.

Address: 5 Allée Scheffer L-2520 Luxembourg
Tel.: +352 47 67 70 37
Email: FDI-TA1@caceis.com
Or through their bank.

In Aureal Capital 379 RAIF-SICAV:

Investors will be able to make redemptions through Banque de Patrimoines Privés (BPP)

Address: 30, Boulevard Royal L-2449 Luxembourg
Tel.: +352 27 20 79 35
Email: accountopeningta@bbpp.lu 
Or through their bank.

In Deep Mind Strategic Fund UCITS:

Investors will be able to make redemptions through European Fund Administration S.A.

Address: 2, rue d`Alsace L-1122 Luxembourg 
Tel.: +352 48 48 80 9001/9002
Email: register.ta.ops@efa.eu 
Or through their bank.

For whom are our products intended?

A SIF and a RAIF are targeted for well-informed investors and institutional that seek customized investment solutions within a framework of maximum transparency and legal certainty as provided by Luxembourg.

A UCITS is targeted for all type of investors that comply with the prospectus requirements.

What are the differences between direct and traditional private equity investing?

Traditional private equity investments are undertaken through collective funds or vehicles. Occassionally their managers may mismatch their assets and liabilties, they are generally granted full discretion and set high mínimum investment levels. Alaluz capital aims to offer clients direct access to remarkable assets. Our services seek to mitigate some of the drawbacks  of the traditional fund model while providing investors with an enhanced choice of assets.

How are private equity investments structured?

The investment process is quite straightforward:

- Initial stage: set-up of the optimal investment structure.
- Investments: investor funds are transferred into the private equity investing vehicle from which investments in the target companies are carried out.
- Two-fold return on investment: from dividends that might be paid by the structure and redemptions on investment maturity.
- Redemption: should they desire to do so; the investor can opt to wind down their investments and recover both their invested capital and the obtained returns.

Additionally, to enhance guarantees and prestige, the private equity funds will be reviewed by an independent custodian, and a renowned administrator and auditor. Simplified investment and tax reporting are added benefits of this structure. These additional layers of protection reassure investors.

Direct private equity investments are unique by nature. Consequently, their structure, terms and time frame will vary from deal to deal.