
ACCENT FUND IV -
VALUE-ADDED COMMERCIAL REAL ESTATE
10%
of Accent Capital
owners
participate
in investments
Only for qualified investors
investment amount ₽30 million+
Investment targets and strategy
Investment target

The fund manager seeks to derive medium-term income for investors mainly from capital gains by direct and indirect investment in qualitative improvements of the existing commercial real estate and their cash flows for the purpose of selling them at a higher price.
Target returns
|
Level or leverage
|
---|---|
Total to be repaid
(IRR, % per annum) |
18-25% |
Current
(Cash-on-Cash, % per annum) |
1-1,5% |
Multiplier
(TVPI, coefficient) |
up to 1,3x |
Target returns are determined solely by estimation, considering the potential investments of the fund based on our macroeconomic and market forecasts. They are not historical, promised or guaranteed and are specified net of all fees and before investor taxes.
Investment Strategy
Value-Added
Value-Added strategy style implies investing in existing property and improving it, including commercially and physically.
Strategy style | Value-Added |
Geography |
Russia: Moscow, St. Petersburg |
Sector | Trading, Office, Logistics |
Lot quality | Investment (Classes A, B, where applicable) |
Lot types | malls and shopping malls, business centers, warehouses |
Number of lots | 3+ |
Tenants | Market leaders |
Leases | Long-term, inseparable terms |
Rent rates | Inflation-indexed |
Lot sizes | ₽1 billion+ |
Currency | Ruble (revenue, capital, debt) |
Investing through | Indirect ownership (equity and debt) and/or direct ownership (property) |
Leverage (LTV, level) | Acceptable up to 65% at the asset and/or fund level |
Targets to be pursued by the manager to achieve the fund's investment goal are specified.
Fund details
Fund name | ACCENT FUND IV - VALUE-ADDED COMMERCIAL REAL ESTATE CLOSED-END MIXED UNIT INVESTMENT FUND |
Registration number and date |
No. 3872 dated 03.10.2019 in the Register of the Bank of Russia |
ISIN | RU000A100WZ5 |
CFI | CMCXXY |
Target capital | ₽8-20 billion |
Target initial capital | ₽1 billion |
Co-investment manager | 10% of capital (from fund manager owners) |
Term of the fund | until 29.12.2022; 2 years |
Investment period | 1 year (until the end of 2020) |
Investors | Only qualified |
Targeted investors | HNWI and institutional |
Recommended investment | ₽30 million+ |
Minimum investment | ₽1 million (for new investors) |
Current revenue | Quarterly (if there are sufficient free balances) |
Redemption of units | up to 6 months after the expiration of the fund |
Early repayment of equity units |
Not provided (partial) |
Corporate form | Closed-end mixed unit investment fund |
Fund manager | ACCENT ASSET MANAGEMENT, LLC |
Asset manager | Accent Capital, LLC |
Credit bank | JSC Bank VTB |
Specialized Depository | JSC VTB Special Depository |
Registrar | JSC VTB Special Depository |
Auditor | Marillion LLC (Kreston International) |
Fund appraisers | Colliers, ILM and others |