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 a SIF?

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.

What funds does Alaluz Capital manage?

Alaluz Capital provides ALX SICAV-SIF, a vehicle that offers investment in equities, fixed income, alternative investments and emerging markets globally through its different compartments:

- ALX Fund of Funds (ISIN: LU1506632378)
- ALX Equity (ISIN: LU1506631990)
- ALX Fixed Income (ISIN: LU1506632618)
- ALX Alternative Investment (ISIN: LU1506631644)

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 is €125.000, with no limits for incremental amounts.

How can I subscribe to an Alaluz Capital fund?

Investors will be able to make subscriptions through Pictet Europe S.A.

Address: 15, avenue J.F. Kennedy L-1855 Luxembourg
Tel.: +352 46 71 71 7666
Email: fps_ta_register@pictet.com
Or through their bank.

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

Investors will be able to make redemptions through Pictet Europe S.A.

Address: 15, avenue J.F. Kennedy L-1855 Luxembourg
Tel.: +352 46 71 71 7666
Email: fps_ta_register@pictet.com
Or through their bank.

For whom are our products intended?

Our products target well-informed investors and institutional investors that seek customized solutions within a framework of total transparency and legal certainty as provided by Luxembourg.

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.