Jive Distressed & Special Sits IV
documents
objective
The objective of Fund IV is to achieve target return levels close to 20% p.a. (net of fees) for its shareholders, through investment in the various subclasses of Distressed & Special Sits. Among the main eligible asset classes for acquisition are: Corporate NPLs, distressed Real Estate and Legal Claims, as well as any other alternative investment opportunities.
target audience
Professional investors³.
investment policy
The fund's investment policy provides for allocation in investment vehicles that invest in Distressed Assets, Real Estate, Special Situations and New Opportunities.
characteristics
Fund
Jive Distressed & Special Sits IV Advisory (Profissional) Fundo de Investimento em Cotas de Fundo de Investimento Multimercado – Crédito Privado Investimento no Exterior
CNPJ
44.951.896/0001-60
Manager
Jive Investments Gestão de Recursos e Consultoria S.A.
Administrator
XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A.
Custodian
Oliveira Trust DTVM S.A.
Class
FIC FIM
Start date
01/09/2023
Fund term
6 years, counted from the date of the first subscription of quotas in any of the Consolidator IV Funds¹, extendable for up to two periods of 1 (one) year each, at the Manager's discretion
Investment period
3 years², counted from the date of the first subscription of quotas in any of the Consolidator IV Funds
Minimum investment
BRL 250,000.00 (two hundred and fifty thousand Brazilian reais)
Application quota
n/a
Redemption quota
n/a
Redemption settlement
n/a
Administration fee
2.04% p.a. on NAV or total subscribed capital as per the Regulation
Performance fee
20% of the amount exceeding the CDI
Net asset value and average net asset value over the last 12 months
BRL 113.3 million
1. The Consolidator IV Funds collectively represent the FIC-FIM Consolidador Qualificado IV, the FIM Consolidador Profissional IV and/or the Consolidador Offshore, pursuant to the Regulation. 2. This date may be brought forward pursuant to the Regulation. 3. CVM Resolution No. 30/2021 establishes that qualified investors are: (i) professional investors, as defined by the same Resolution; (ii) individuals or legal entities with financial investments exceeding R$ 1 million who additionally attest in writing to their qualified investor status through a specific form, in accordance with Annex B of this Resolution; (iii) individuals who have passed technical qualification exams or hold certifications approved by CVM as requirements for registration as autonomous investment agents, portfolio managers, securities analysts, and securities consultants, with respect to their own resources; and (iv) investment clubs, provided their portfolio is managed by one or more members who are qualified investors.
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