ScaleX Ventures Fund I Key Information Document (ScaleX Ventures)

Summary

• The fund is a Dutch closed-end alternative investment fund with no redemption rights for investors for the entire ten-year life of the Fund.p.2
• Any redemptions are subject to a 75%-penalty, with disposition proceeds capped at 25% of capital contributions.p.2
• The management fee is 2.5% per annum of total commitments during the investment period.p.3
• After the investment period, the 2.5% fee gradually decreases by 0.25% annually until a minimum of 1% of total commitments.p.3
• The aggregate management fee paid over the Term cannot exceed 20% of total commitments.p.3
• Carried interest is a catch-up of 25% of the preferential return of 25% of capital contributions, plus 20% of the remaining disposition proceeds.p.3

Key insights

1. The product is rated in the second highest risk class and investors may lose their entire investment.p.2
2. The fund manager is registered as an exempted manager with the Dutch AFM and is not subject to AFM or Dutch Central Bank supervision.p.1
3. Performance depends on current cash income from dividends and interest from portfolio companies, and distributions are unpredictable.p.2
4. Costs assume a subscription of 1 Interest at a price of EUR 10,000.p.3
5. Costs comprise establishment and operational costs, a management fee and carried interest.p.3