Fund Facts

Fund name Global Climate Partnership fund S. A., SICAV-SIF (GCPF)
Fund domicile and type Luxembourg, SICAV-SIF, closed-end investment company
Regulation As the Fund is managed in the public interest, it is exempt from the scope of the AIFM law pursuant to article 2(2) thereof
Investment Manager responsAbility Investments AG, Zurich
Administrative and Domiciliary Agent Banque de Luxembourg, Luxembourg
Custodian bank Banque de Luxembourg, Luxembourg
Inception date 22 December 2009
Operation start October 2010
Initiators Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB)
KfW Entwicklungsbank
Fund currency USD
Distribution Annually
Valuation
(NAV calculation)
Quarterly (last calendar day of March, June, September and December)
Minimum subscription USD equivalent of EUR 200,000 (for individual investors participating in a note tranche)
USD 5m (note tranches, A & B-share tranches)
Subscription/Commitment At each closing (at the discretion of the Board of Directors), investors commit to subscribe or directly subscribe to a specific share class and/or the notes
Redemption of units At maturity (all share classes have a defined maturity)
Term Closed-ended fund with unlimited duration


Classes Notes Class A shares (senior) Class B shares (mezzanine) Class C shares (first loss)
Features

Floating rate interest rate* of USD 6 months Libor plus a spread or fixed rate

Duration: 5 - 7 years for each tranche

Target dividend* plus a complementary dividend (if target dividend exceeded)

Target dividend is USD 6 months Libor plus a spread agreed with the Board of Directors

Duration: 5 – 15 years for each tranche

Target dividend* plus a complementary dividend (if target dividend exceeded)

Target dividend is USD 6 months Libor plus a spread agreed with the Board of Directors

Duration: 5 – 15 years for each tranche

Target return:* a fixed rate target return or floating rate target return p.a. set in the relevant commitment agreement and/or subscription form

Duration: unlimited

* The target return, dividend or interest rate is not a projection, prediction, or guarantee of future performance, and there is no guarantee that the target return will be achieved.