Kempen Capital Management (KCM) has decided the Global Small-cap Strategy has now reached the soft-close status.
The Kempen Global Small-cap Strategy has experienced significant growth in its Assets Under Management (AuM). This has caused a situation where current AuM and projected inflow are within our maximum capacity range. To protect existing shareholders and in line with our corporate policy, the management of Kempen Capital Management (KCM) has decided the Global Small-cap Strategy has now reached the soft-close status.
The soft-close status means there are restrictions on new subscriptions in this strategy. KCM has decided to implement the following matters as of April 1st 2021 in this strategy:
- In principle KCM will disallow any investment from new investors (investors with no investment in the strategy as of April 1st 2021).
- In principle KCM will continue to accept regular daily flows from investors who were already invested in the strategy.
- Investors that would like to make large investments are kindly requested to contact their relationship manager at Kempen first.
- In the interest of the fund and its investors KCM has the discretion to disallow any investment if the inflow exceeds the at forehand reserved extra AuM capacity per client and/or on strategy level.
The terms under which clients may redeem their holdings will not be affected.
Managing the capacity of a small cap strategy is a dynamic process. We will keep you informed on any developments that might lead us to review our current position.
We apologize for any inconvenience these constraints may cause to you. Please contact your relationship manager or visit our website for more information
Kempen Capital Management is a specialist asset manager with a focused approach and a clear investment philosophy. We believe in long-term stewardship for our clients and other stakeholders. Kempen provides sustainable returns through activities in the field of fiduciary management, manager selection, portfolio construction and monitoring, and a select number of actively managed investment strategies. On 31 December 2020, Kempen Capital Management had a total of € 86.2 billion in client assets under management.
Kempen Capital Management, part of Van Lanschot Kempen Wealth Management NV, is a specialist and independent wealth manager. Kempen Capital Management NV is licensed as a manager of various UCITS and AIFs and authorized to provide investment services and as such is subject to supervision by the Netherlands Authority for the Financial Markets.
For more information, please visit: kempen.com