Investment Strategy
Financial structure
Structure general requirements
The UDF may invest a maximum of €20M in each project (including aggregated capital).
The UDF may invest a maximum of 70% of the total funds needed in each project. The total elegible investment amount will be calculated as “fixed assets + working capital, excluding financial costs”.
The 30% of the funds needed in each project must be private and ensure from the beginning. These funds with private source may be financing as Debt and as Equity.
Each type of capital must be pari passu with the rest of the capital of the same risk.
Financial Debt
The UDF may invest a maximum of 50% of the total funds needed in each project as financial debt.
The financial debt will have a maximum deferment period of 36 months from the date of the first disbursement of the loan.
The maximum duration of the debt will be 20 years from the date of the signature.
Equity loans
Equity
The UDF will in any case be a minority shareholder.
The estimated maximum recovery period for funds invested as capital will be 15 years.
Equity includes equity loans or other types of subordinated debt.
