Question 1

How does the PRIVACAP convertible debenture work?

Accepted Answer

PRIVACAP issues a zero-coupon convertible debenture at the platform level (Barbados ICC). Capital partners commit capital which is deployed across three strategies: Foundation (real estate), Advantage (structured yield), and Opportunity (PE technology). The debenture is backed by real assets and senior claims, with a conversion feature tied to overall platform performance at maturity. It is ISIN-registered and listed on the Vienna Stock Exchange MTF.

Question 2

What is the PRIVACAP allocation framework?

Accepted Answer

PRIVACAP allocates capital across three strategies within disciplined risk limits: Foundation (institutional real estate) 45–50%, Advantage (structured yield) 30–35%, and Opportunity (private equity technology) 15–20%. Allocation is dynamic within these bands, with a 36-month progressive deployment schedule to reduce concentration risk.

Question 3

How does PRIVACAP protect European investors from North American asset risk?

Accepted Answer

PRIVACAP uses a legal firewall through its Barbados ICC structure. European banks hold a capital-protected note via the Vienna MTF — they have no recourse on North American real estate or private equity assets. Similarly, Canadian banks have no recourse on the European note or LTV. A Security Trustee holds all net assets independently.

Question 4

What currencies can investors use to commit capital to PRIVACAP?

Accepted Answer

PRIVACAP accepts capital in USD, CAD, and EUR. There is no speculative FX exposure at the fund or platform level. Natural hedging and FX instruments are used where appropriate. The detailed FX and hedging policy is included in the Fund Annexes.

Question 5

What governance standards does PRIVACAP apply?

Accepted Answer

PRIVACAP operates under institutional governance standards: independent external custody of all assets, external institutional audits, PRIVACAP co-investment (sponsor skin in the game), an advisory committee with a defined mandate and oversight role, and unified institutional reporting across all strategies.