Terms and Conditions of FORTUNA REAL ESTATE Fund 

Type of Fund

Closed-End Fund reserved to Institutional Investors and High Net Worth Individuals

Investment Manager

QIAM, QUALITY INVESTMENT ASSET MANAGEMENT S.à r.l
Capitalization

Target 25 m €

Target Size of Investments

Min 125.000 € 

Management Fees

A fixed fee equal to two percent and half (2,5%) p.a. of the NAV. 

Entry Fee    

Up to 3%

Exit Fee

Up to 3%

Performance Fee

30% of the NAV increases of each performance period (30/june-31/december), high watermark.

Term

Eight years plus two years grace period (8+2)

Depositary 

TMF Fund Services (Luxembourg) S.A. 

Paying Agent

Banca Popolare dell’Emilia Romagna (Europe) International S.A. 

Auditor

Deloitte

Administrative, Registrar, Domiciliary and Transfer Agent

Apex Fund Services (Malta) Limited, Luxembourg branch

Legal Counsel

KLEYR GRASSO, Avocats à la Cour