FIRST CENTURY PRIVATE EQUITY
INVESTOR TYPE: Well Informed, Professionals
CySEC Registration No.
CySEC Registration Date
First Century AIF V.C.I.C. Ltd
Company Registration No.
Eurobank Cyprus Ltd
Kemmelco Consulting Limited
C&N Auditors Ltd
LLPO Law Firm
Type of Investor
The Fund’s investment policy focuses primarily on Preferred Equity and Mezzanine type Private Equity investments in companies within the Commonwealth of Independent States (CIS), the EEA Member States, and potentially other jurisdictions (only opportunistically).
It will also invest in Real Estate projects using the same investment methodology. It will invest across a broad and potentially diverse range of sectors in early to mid-stage companies with proven business models, balanced or positive cash flows (except in cases of rapid growth) and disciplined strong management teams. The average investment would be $200-$300 million per transaction.
The investment should be used for balance sheet restructuring (reduce debt amortization and/or extend maturity), or as development capital to fund expansion of high growth companies. The Fund may invest through Mezzanine financing and Preferred Equity, which is subordinate to mezzanine debt (even thought the latter is generally unsecured).
Preferred Equity is generally expected to be held for a period of 5 to 10 years, while Mezzanine debt investments generally have stated terms of up to 10 years, but the expected average life of such debt is generally between three and seven years. Nonetheless, the Fund may invest in securities with any maturity or duration for as long as it can be redeemed or converted (to equity) within the term of the Fund.