Preliminary Selection Criteria
Antwort Capital imposes strict minimum conditions when selecting a master fund
Experience and track record
Proven track record and reputation and at least the second fund launched and managed by the team
Special share class
Where possible, Antwort will ask for special terms (e.g. fees) for its feeder which would then be accessed through a bespoke share class in the master fund
Sufficient size to fulfill the minimum size requirement for a feeder, as the feeder cannot represent more that 25% of the master fund
The master fund will need to meet the minimum reporting requirements requested by Antwort.
We take into consideration and assess the reputation of the fund manager and its service providers, namely the AIFM, custodian bank, fund administrator, transfer agent and auditor, and that they meet Luxembourg standards.
A Strong Investment Selection Process and Approval Procedure
To ensure that we present only the highest quality to our investors, we at Antwort Capital follow a very rigorous investment selection process to offer only the best-in-class managers.
Our decision making process needs vetting, approval and advice from the following internal bodies:
Investment Selection Committee
AIFM Investment Committee
Board of Directors
Due Diligence on Master Funds
Report Generation and Final Reviews
Maintain a frequent dialogue with general partners and portfolio managers to monitor each the master funds and track key underlying developments and identify potential issues (post-execution).
Based in Luxembourg