Fund Highlights

Ventura Asset Management Company Ltd. (“VAMCL”) is an alternative investment fund manager in Bangladesh. The company will invest BDT 2.50 crore in fund corpus as a Sponsor. If the fund Corpus increases from the initial targeted fund size before the final fund declaration the sponsor portion will be increased proportionately along with increased Fund Corpus.

Ventura Asset Management Company Ltd. (“VAMCL”) (“the Fund Manager”)

The Fund will be domiciled in Bangladesh and the exact structure of the Fund will be determined as per Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015 (“the Rule”).

Close-end and non-listed

The Fund’s primary investment objective is to achieve long-term capital appreciation through investments in emerging growth-oriented companies in Bangladesh.

It is anticipated that the Fund will invest primarily across various Economic Sectors in Bangladesh but not limited to the following:

• Manufacturing including Export Oriented Facilities
• Electricity Generation and Transmission
• Ports and Logistics
• Social Sectors such as Affordable Health Care and Education
• Transportation
• Telecommunications
• Services including Industrial Park, Tourism, etc.

For the period of 2 (Two) years from the date of issuance of units.

A closing of the fund (the “Initial Closing”) will be held within 3 (Three) months from the registration date and the Final Closing of the fund will be held by 3 (Three) years from the date of fund registration.

Sandhani Life Insurance Company Ltd.

TBD

The term of the Fund will be 15 (Fifteen) years from the Initial Closing Date and may be extended for a period of maximum 02 (two) years beyond its disclosed tenure, or may be shortened, subject to approval of at least 2/3rd (Two-Third) majority of the unit holders by value of their investment in the fund, in a general meeting to be held at least 6 (six) months before maturity of the fund and subsequent approval of the Commission.

The Fund will pay to the Fund Manager an annual investment management fee (the “Management Fee”) payable quarterly in advance. The Management Fee would comprise:

• An amount equal to 2% of the Net Asset Value of the Fund (will also share up to 10% of the net annual profit, if the fund can cross the Hurdle Rate; provided that the fund manager shall not charge performance fee for the same level of net profit twice).

The Management Fee will accrue from the date of registration to the date when the Fund is wound up. If insufficient funds, income, dividend and /or proceeds of investments are available, undrawn Capital Commitments may be drawn down to fund the Management Fee.

After minimum 3 (Three) years of investment the fund will disinvest through Initial Public Offering (“IPO”) of the buyout farm on best effort basis and/or through strategic sellout on best effort basis.

To be appointed from the reputed firms acceptable to BSEC

To be appointed from the reputed firms acceptable to BSEC