European Direct Lending Pool (Master) - Class I

Profile

The European Direct Lending Pool (Master) will invest in a pool of - mostly illiquid and closed-end - Private Debt investment funds, managed by direct lending managers. These direct lending managers provide senior secured loans to medium-sized companies across a wide range of industries, in order to provide such companies with new capital for acquisitions, growth or refinancing. These loans are only provided following a highly selective and rigorous underwriting process, with a focus on capital preservation and downside protection. Loans to businesses which are heavily exposed to cyclical industries will generally be avoided. The Fund will mainly focus on the following European countries: the United Kingdom, France, Germany, Belgium, The Netherlands, Luxembourg, Denmark, Finland, Norway and Sweden. The Fund incorporates the environmental, social and governance (“ESG”) criteria of the Management Company in the investment process.

The investment objective of the Fund is to achieve capital growth through exposure to a diversified portfolio of mainly senior secured loans issued by mainly European borrowers. The Fund primarily aims to generate a long-term return in excess of the Credit Suisse Western European Leveraged Loan Index all denominations hedged to Euro (the Index), comprising capital gains or losses plus net dividends. The instruments the underlying funds invests in are not necessarily included in the Index, which is therefore only used for performance reference.

Prospective investors may invest in the Fund by submitting Capital Commitments by means of a commitment form and by opening an account with the administrative agent, J.P. Morgan Bank Luxembourg S.A. Both forms can be found under the tab documents. Class I Shares are capitalisation Shares that can only be subscribed by Professional Investors and/or Institutional Investors. The minimum initial commitment is EUR 1,500,000.

Management team

Michiel Meeuwissen, Remko van der Erf, Theo Nijssen, Ulrike Beyrich, Mark Prins, Cas de Bruijne

Performance per 2022-02-28 (rebased)

No chart data available

Performance per 2022-02-28

Slide to see more
  Fund
1 month 1.3 %
3 months 1.3 %
This year 3.1 %
2021 -0.3 %
1 year (on annual basis) 3.1 %
Since inception (on annual basis) i 2.4 %
Performance is shown after deduction of ongoing charges. The value of your investments may fluctuate. Past performance provides no guarantee for the future. The instruments the underlying funds invests in are not necessarily included in the Index, which is therefore only used for performance reference.
More information can be found on the documents page of this fund

Key figures

Slide to see more
Total fund size
EUR 128.84 M 2021-12-31
Share class size
EUR 2.55 M 2021-12-31
Number of shares
2,483 2021-12-31
Net Asset Value i
EUR 1,027.98 2021-12-31

Fund characteristics per 2022-02-28

Slide to see more
  Fund Benchmark
European Direct Lending Pool (Master) (the "Sub-Fund") is a sub-fund of Kempen Alternative Markets Fund Sicav-RAIF (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the prospectus (available in English). This document of the Fund is available on the website of KCM (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English.

The Sub-fund is registered for offering in a limited number of countries. The countries where the Sub-fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

The Fund is only available for professional investors.
European Direct Lending Pool (Master) (the "Sub-Fund") is a sub-fund of Kempen Alternative Markets Fund Sicav-RAIF (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the prospectus (available in English). This document of the Fund is available on the website of KCM (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English.

The Sub-fund is registered for offering in a limited number of countries. The countries where the Sub-fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

The Fund is only available for professional investors.

Performance per 2022-02-28 (rebased)

No chart data available

Performance per 2022-02-28

Slide to see more
  Fund
1 month 1.3 %
3 months 1.3 %
This year 3.1 %
2021 -0.3 %
1 year (on annual basis) 3.1 %
Since inception (on annual basis) i 2.4 %
Performance is shown after deduction of ongoing charges. The value of your investments may fluctuate. Past performance provides no guarantee for the future. The instruments the underlying funds invests in are not necessarily included in the Index, which is therefore only used for performance reference.

Dividends

Slide to see more
Distributing
No
European Direct Lending Pool (Master) (the "Sub-Fund") is a sub-fund of Kempen Alternative Markets Fund Sicav-RAIF (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the prospectus (available in English). This document of the Fund is available on the website of KCM (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English.

The Sub-fund is registered for offering in a limited number of countries. The countries where the Sub-fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

The Fund is only available for professional investors.
European Direct Lending Pool (Master) (the "Sub-Fund") is a sub-fund of Kempen Alternative Markets Fund Sicav-RAIF (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the prospectus (available in English). This document of the Fund is available on the website of KCM (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English.

The Sub-fund is registered for offering in a limited number of countries. The countries where the Sub-fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

The Fund is only available for professional investors.
No data available.
European Direct Lending Pool (Master) (the "Sub-Fund") is a sub-fund of Kempen Alternative Markets Fund Sicav-RAIF (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the prospectus (available in English). This document of the Fund is available on the website of KCM (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English.

The Sub-fund is registered for offering in a limited number of countries. The countries where the Sub-fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

The Fund is only available for professional investors.

Ongoing charges

Slide to see more
Management fee i
0.300 %
Service fee i
0.13 %
Taxe d'abonnement i
0.01 %
Indirect costs i
0.97 %
The service fee is determined annually on basis of the net asset value as of the last day of the previous financial year:
< or equal to EUR 450 million: 0.125%
Between EUR 450 million and EUR 700 million: 0.10%
Between EUR 700 million and EUR 1 billion: 0.075%
>EUR 1 billion: 0.05%
European Direct Lending Pool (Master) (the "Sub-Fund") is a sub-fund of Kempen Alternative Markets Fund Sicav-RAIF (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the prospectus (available in English). This document of the Fund is available on the website of KCM (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English.

The Sub-fund is registered for offering in a limited number of countries. The countries where the Sub-fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

The Fund is only available for professional investors.

Share class details

Slide to see more
Share class
I i
Investor type
Institutional
Distributing
No
Benchmark i
Credit Suisse Western European Leveraged Loan Index
Objective
The Fund primarily aims to generate a long-term return in excess of the Credit Suisse Western European Leveraged Loan Index all denominations hedged to Euro (the Index), comprising capital gains or losses plus net dividends.
Duration hedged
No
Investment category
Alternative Credit
Inception date
2020-11-02
Domicile
Luxembourg
May be offered to professional investors only in
The Netherlands
UCITS status i
No
Status
Open-end i
Base currency
EUR
Share class currency
EUR
Administrator
BNP Paribas Securities Services S.C.A., Luxembourg branch
Management company
Kempen Capital Management NV
Depositary and custodian
BNP Paribas Securities Services S.C.A., Luxembourg branch

Tradability

Slide to see more
Minimum subscription
Initial subscription amount €1,500,000 additional subscriptions €50,000
Listed
no
Subscription/Redemption Frequency
Quarterly on the first business day of January, April, July and October
ISIN i
LU2212032838
Entry period purchase order
Shares can only be obtained through commitments, in order to be executed. In order to be executed, the commitment form must be received by Kempen Capital Management 8 business days before the valuation day.
Entry period sell order
In order to be executed, orders must be received by BNP Paribas Securities Services S.C.A., Luxembourg branch 30 calendar days before the valuation day. Your distributor may use longer entry periods.
This share class of the Fund is only available for professional and/or institutional investors.

The Management Company, on behalf of the Fund, will generally call capital when needed to fund underlying investments (including expected investments in the coming quarter and including those investments already done with capital borrowed by the Fund in the previous quarter), for the payment of fees, to serve redemptions or for other purposes. Calls will be directed, on a pro-rata basis relevant to each Investor’s remaining Commitment, until their committed capital has been fully called.

Subject to the three year lock-up period each Shareholder may apply, on a quarterly basis, for the redemption of all or part of his shares in the Fund which are eligible for redemption in a fixed amount. However, Investors should be aware that it is not guaranteed that redemption requests will be executed in their entirety and that it may occur that redemption requests are only partially executed, if at all, due to the lack of available cash in the portfolio.
European Direct Lending Pool (Master) (the "Sub-Fund") is a sub-fund of Kempen Alternative Markets Fund Sicav-RAIF (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the prospectus (available in English). This document of the Fund is available on the website of KCM (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English.

The Sub-fund is registered for offering in a limited number of countries. The countries where the Sub-fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

The Fund is only available for professional investors.
European Direct Lending Pool (Master) (the "Sub-Fund") is a sub-fund of Kempen Alternative Markets Fund Sicav-RAIF (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the prospectus (available in English). This document of the Fund is available on the website of KCM (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English.

The Sub-fund is registered for offering in a limited number of countries. The countries where the Sub-fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

The Fund is only available for professional investors.