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Aquila Capital European Hydropower Strategy

Investments in operational hydropower plants with a focus on Scandinavia

Aquila Capital European Hydropower Fund S.A., SICAV-SIF

Legal structure / Fund structureS.A., SICAV-SIF
DomiciliationLuxembourg
AIFMAlceda Fund Management S.A.
Investment advisor

Aquila Capital Management GmbH1

Portfolio managerAquila Capital Investmentgesellschaft mbH2
Investment periodPeriod from the first closing date until the third anniversary of the final closing date3 
1. ClosingDecember 2016
2. ClosingFebruary 2017
3. ClosingMarch 2017
Final ClosingDate on which the fund has (i) an aggregate commitment amount of the target fund size or (ii) 31 December 2019
TermLimited period expiring on the 20. anniversary of the final closing (+extension option for two successive periods of three years by decision of the Board of Directors)
Fund currencyEUR4
Minumum Commitment AmountEUR 10m
Target Fund SizeEUR 200m of aggregate commitments. Commitments in excess of this amount may be accepted at the sole discretion of the Board of Directors up to a maximum amount of EUR 300m
Management fee 
  • Investment period fee of 0.90% of aggregate commitments (during investment period)
  • Management fee of 0.70% of aggregate capital contributions (after investment period)
 
Administration fee0,20% p.a.
Disposal fee0,50% of the gross asst value of each hydropower invstment sold
Performance fee15% p.a. of the excess performance5 amount of 7% IRR (hurdle rate)

 

Principal risks

Sedimentation riskHydrological risk
Counterparty riskRegulatory risk
Erosion riskRisk of natural disasters, e.g. flooding
Market price riskPolitical risk
Risk of functional faultsExchange rate risk
Interest rate risk 

 

1 On 26.07.2016 Aquila Capital Investment GmbH war renamed as Aquila Capital Management GmbH.

2 On 08.08.2016 Alceda Asset Management GmbH was renamed as Aquila Capital Investmentgesellschaft mbH.

3 Kindly note that the current prospectus is about to be amended.

4 Investments in foreign currencies possible as per country allocation.

5 The taret IRR describes the targeted  return of the planned investments by the fund and does not constitute a binding profitability requirement or any guarantee of returns. Target IRR after local taxes and fees.

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