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LPA · Fund III, SCR
Version 3 · signed 12 Jun 2026 · 84 pages
- §3.1Legal form
The Fund is a sociedad de capital riesgo (SCR) registered with the CNMV.
SCR · CNMV - §4.2Commitments
Total commitments shall not exceed 150,000,000 €. Minimum commitment 500,000 €.
Hard cap 150M € - §5.4Share classes
Class A shares for investors; Class B shares for the management team, not subject to fees.
2 classes - §7.1Management fee
2.0% per annum on commitments during the five-year investment period; 1.5% on invested capital thereafter.
2.0% → 1.5% - §9.3Distributions
Return of capital, then an 8% preferred return, a 100% catch-up and an 80/20 split.
European · 8% pref - §12.1Reporting
Quarterly reports within 45 days of quarter end; annual audited accounts.
T+45 days