Analysis by value for money of the properties of FCPR Primopacte 2 proposed by Primonial

  • General condition analysis of contracts
  • Good value for money

PrimoPacte 2

Good value for money Analysis of functions and key figures

Version per 17 November 2022

Reference elements

  • Type of support
    • Joint Risk Investment Fund (FCPR)
  • ISIN code
  • Management company:
    • Eurazeo Investment Manager
  • Creation date :
  • Risk Class (SRRI)
    • Level 7 on a scale from 1 to 7
  • Maximum loss potential for the saver
    • 100% of invested savings
  • Recommended investment period

FCPR properties

  • Nature of FCPR
  • FCPR eligibility
    • FCPR eligible for life insurance, distributed by Primonial in the form of a unit of account (UC)
  • Contracts offering FCPR
    • Target +, Target + Capitalization, Target + Capitalization Legal entity
    • Primo PER
  • Promotion period (depending on envelope available)
    • From 18 July 2022 to 14 June 2024 with the possibility of an extension of 6 months
  • The foundation’s calendar
    • Investment for a period of 3 years, which can be extended by two consecutive periods of 1 year each, at the discretion of the management company, Eurazeo IM.
    • From the opening of the 6th financial year after the last subscriptions, the fund can enter a prior liquidation period.

Investment policy

  • FCPR intended to invest mainly in mutual funds oriented towards financing companies:
    • mainly European,
    • at the transmission capital or development capital stage,

also included possibility of direct or indirect equity investments FCPR in such companies.

  • Investment in growing SMEs and ETIs mainly through institutional grade private equity funds.
  • Desire to diversify the portfolio with a target of around 150 unlisted companiesmainly European, in which the fund will invest.
  • FCPR is not intended to use leverage.

key figures

  • Costs
    • Entry and exit fees: 0%
    • Recurring administration and operating costs: 1.95%
    • Foundation fee: 0.05%
    • Non-recurring operating costs related to the acquisition, monitoring and disposal of holdings: 0.02%
    • Indirect management fees: 1.24%
    • Maximum Average Annual Fee Rate (AFR): 3.26%
  • Maximum possible return to the distributor
  • Development of the share’s value
    • Eurazeo IM’s assessment of the valuation of the fund’s net assets twice a month: on the 15th of the month and the last day of the month
    • Original intrinsic value: €100

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