Jive Distressed I
performance
objective
The investment policy consists of identifying price distortions in different assets across various markets, as well as anticipating movements that are forming, with the aim of consistently outperforming the CDI variation, always adjusted to the risks inherent to the operations it performs, allocating its resources in accordance with its investment policy, as stated in Article 5.2 of the Regulation and applicable regulations.
target audience
Professional investors¹.
investment policy
The resources may be allocated in: distressed assets, including portfolios and single-name defaulted credits, distressed real estate assets, legal claims, receivables, court-ordered debts (precatórios), and pre-court-ordered debts (pré-precatórios), as described in the Fund’s regulation.
The funds will be exclusively allocated to the following vehicle assets:
Quotas of the Corporate NPL – Non-Standardized Credit Rights Investment Fund.
Quotas of the Creditmix – Non-Standardized Credit Rights Investment Fund.
Quotas of the Debt Renegotiation Fund – Non-Standardized Credit Rights Investment Fund.
Quotas of the Asset Recovery Fund – Non-Standardized Credit Rights Investment Fund.
Quotas of other (i) Non-Standardized Credit Rights Investment Funds (FIDCs NP), (ii) Private Equity Funds (FIPs) targeting properties as assets, (iii) Real Estate Investment Funds (FIIs).
A portion of the net equity, as defined in the regulations, may be invested in FIDCs aimed at acquiring diversified credit rights.
A portion of the net equity may be invested in foreign assets, as specified in the bylaws.
A portion of the net equity may be invested in FIIs aimed at acquiring real estate assets with specific characteristics, as specified in the bylaws.
characteristics
Fund
Jive Distressed FIM CP
CNPJ
20.468.380/0001-09
Manager
Jive Investments Gestão de Recursos e Consultoria S.A.
Administrator
MAF Dist. de Tít. e VM S.A.
Custodian
MAF Dist. de Tít. e VM S.A.
Distributor
MAF Dist. de Tít. e VM S.A.
Class
FIC FIM
ANBIMA Classification
Level 1 as "Multi-asset", Level 2 as 9/49 "Allocation", and Level 3 as "Dynamic"
Start date
08/2015
Fund term
6 years, counted from the date of the Fund's first subscription, extendable for up to two periods of 1 (one) year each
Investment period
Closed in 2018
Condominium
Closed-end fund
Minimum ticket
BRL 1,000,000.00 (one million Brazilian reais)
Target return
20% p.a. (net for the investor)
Application quota
n/a
Redemption quota
n/a
Redemption settlement
n/a
Administration fee
2% per year on the Net Asset Value (NAV)
Performance fee
20% of the return exceeding 100% of the CDI
Fund size
BRL 500 million
Net asset value and average net asset value over the last 12 months
As per the factsheet provided to investors
1. CVM Resolution No. 30/2021 defines qualified investors as: (i) professional investors, as defined by the same Resolution; (ii) individuals or legal entities with financial investments exceeding R$ 1 million who also certify in writing their status as a qualified investor through a specific term, in accordance with Annex B of this Resolution; (iii) individuals who have passed technical qualification exams or hold certifications approved by the CVM as requirements for the registration of independent investment agents, portfolio managers, securities analysts, and securities consultants, regarding their own resources; and (iv) investment clubs, provided that their portfolio is managed by one or more members who are qualified investors.
see also
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