Single-asset funds

Invest in unlisted companies.
Choose them yourself. Professional investors only.

Investable companies

Advantages of investing with Bewater Funds

How it works

How to subscribe

  • Step 1. Register as a professional investor.
  • Step 2. Choose the company you want to invest in.
  • Step 3. Submit an expression of interest.
  • Step 4. Send a transfer and become an investor.

How to sell

  • Step 1. Choose the company you want to divest from.
  • Step 2. Submit an expression of interest.
  • Step 3. We find an interested buyer.
  • Step 4. Receive the transfer from the sale.

Legal warning

FICC are closed-end collective investment vehicles, which means participants do not have the right to request individual redemption of their holdings at any time. The management company will only reimburse holdings on a single date, the same for all participants: the FICC liquidation date. FICC do not have a fixed duration, and each liquidation date depends, at the management company’s discretion, on the performance of the investee company. Share transfers are restricted and participants may only transfer shares through Bewater Asset Management (SGEIC), which may charge a fee to the selling participant. SGEIC does not guarantee that its intermediation will always identify a buyer for offered shares. Participants may need to wait before they can sell their FICC shares, or may be unable to sell at or above their subscription price.

More information

If you hold shares in a company and want to put them up for sale, contact Indexa Capital. Check what type of companies we look for.

Frequently asked questions

  • There are two possible investment situations: the initial offer during the creation of a new fund and the subsequent investment-divestment in shares of the fund.

    Initial offer in the creation of a new fund. Bewater Funds incorporates and manages investment funds whose assets are invested in unlisted companies. To incorporate the fund Bewater Funds must have sufficient expressions of interest. The process is very simple:

    1. Bewater Funds selects unlisted companies that meet established conditions. Information about the selected companies will be available on our site.
    2. Expressions of interest associated with the economic rights of the company are collected from future shareholders in the Fund.
    3. Once the specified time has elapsed and if there is sufficient interest, the initial offer is closed and the CEF (Closed-End Fund) is created with the original shareholders.
    4. Once the Fund is incorporated, shareholders of CEF can express the asset manager their interest in selling their shares though the website.

    Purchase and Sale of fund shares. Once the initial incorporation of the fund is completed, shareholders of CEF can express the asset manager their interest to buy or sale their shares though the website.

    1. Shareholders of the fund can express the asset manager their interest to buy or sale their shares
    2. In the case of matching interest, the transaction is completed.
    3. In case any investor irregularities are detected, the investor will be expelled from the system.

  • Investing in Bewater Funds can be undertaken by persons considered to be professional investors (Artículo 75 de la Ley 22/2014).

    Professional clients, in accordance with Article 205 of the “Texto Refundido de la ley del Mercado de Valores”, are considered to be those who possess the experience, knowledge and financial capacity necessary to make their own investment decisions and correctly assess the risks involved in these decisions.

    In addition to professional and certain institutional investors, companies meeting the following criteria may also be considered:

    1. Total assets must be greater or equal to 20 million euros;
    2. Annual turnover is greater than or equal to 40 million euros;
    3. Their share capital is greater than or equal to 2 million euros.

    Persons not included in preceding categories may request to be considered as professionals if they meet two of the following criteria:

    1. Having realised significant trades in capital markets, averaging ten per quarter during the last four quarters or alternatively a large enough number of trades in the relevant market;
    2. The value of cash and securities deposited is greater than 500,000 euros;
    3. The client has occupied, for at least one year, a professional position in the financial sector, requiring knowledge of operations or services provided.

    If you wish to register as an investor and do not fulfil any of these conditions, please contact us.

    Register as a professional investor

  • Bewater Funds can not offer any guarantee on investments made. The investor assumes all the risks involved in investing in companies with a recent and unconsolidated history. That is why we have decided that this product can only be acquired by investors with sufficient knowledge and experience involved with the investment.

Learn more about single-asset funds

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