Constitution of the fund called "2020 INVESTMENTS - investment trust securities of closed type.
The duration of the Fund is fixed at ten years and may be extended by five final years of the Fund is investment in unlisted companies which have as their focus of the online market.
The Board of Directors of the Company, in pursuing this objective, determines the investment policy of the Fund, according to the following criteria: a) investment will be mainly made in Italy and will focus mainly on medium-sized businesses, already well-established industry and what services, taking care to structure the portfolio of holdings by applying appropriate criteria for risk diversification. Will not be implemented in a particular specialization for economic sectors in order to avoid introducing rigidities in determining the investments. As a non-priority investments will also be carried out overseas or in companies recently launched a condition that is reasonably foreseeable that a favorable risk / return ratio, taking into account that, as a rule, companies with an early stage involving higher risk, b) the choice of firms to invest will rule based on the following criteria: - companies of medium size, well managed, with efficient business guide, a highly professional management team, with interesting prospects for development - companies in temporary difficulty, who have real chances of recovery with the help of a new management group and with the support of a sound business and financial intervention - a family-run businesses that face the problem of generational change or business; - companies that have characteristics suitable execution of operations:
L.B.O. (leveraged buy out) also relying on the remarks by leaders from inside or outside the investee company (management buy in or buy out), - medium-sized listed companies, whose level of quotation leaves provide good returns possible in the future.
Fundraising and 'initiative to provide investors do not istutituzionali and 20,000 shares of 50 € each.
