Invest with security, vision, and professional management
Because each project is designed to generate sustainable value and real returns
PROCESSES
Origin and filtering
1
We maintain an active sourcing of opportunities in the province of Cadiz. Each potential project goes through rigorous feasibility filters.
Structuring
2
Once approved, we structure the project through a Luxembourg vehicle company (holding) with an operational subsidiary in Spain. Shareholder agreements, Project Management contracts, commercial agreements, and a solid security package are established, ensuring investor rights and guarantees over the project.
Capital calls
3
Capital investment is made in tranches through capital calls as the project progresses.
Execution
4
We carry out monthly budget control, track construction milestones, physical progress curves, sales dashboards, and updates of projected cash flow (cash waterfall). Investors receive clear and transparent management information.
Liquidation
5
At the end of the project, assets are sold/liquidated, and results are distributed according to the contractual waterfall agreed. A detailed final report is issued, and the company is dissolved once all payments and obligations are completed.
PROCESSES
Origin and Filtering
1
We maintain active sourcing of opportunities in the province of Cadiz. Each potential project goes through rigorous feasibility filters.
Structuring
2
Once approved, we structure the project through a Luxembourg holding company with an operational subsidiary in Spain. Shareholder agreements, Project Management contracts, commercial agreements, and a solid security package are established to ensure the investor’s rights and guarantees over the project.
Capital Calls
3
Capital investment is made in installments through capital calls as the project progresses.
Execution
4
We conduct monthly budget control, monitor construction milestones, track physical progress, manage sales dashboards, and update projected cash flows (cash waterfall). The investor receives clear and transparent management information.
Liquidation
5
At the end of the project, assets are sold/liquidated, and results are distributed according to the agreed contractual waterfall. A detailed final report is issued, and the company is dissolved once all payments and obligations are completed.
Management company (AEPI) commission and incentive structure
The manager’s remuneration scheme combines fixed and variable fees, designed to align its interests with those of the investors.
- Structuring / Arranger Fee (Entry)
One-time fee at investment closing, calculated as a percentage of committed capital. Covers structuring and launch costs of the vehicle.
- Management Fee (Annual)
Periodic management fee calculated on committed or invested capital. Accrued throughout the life of the fund until liquidation.
Objective: cover operational and administrative expenses of the vehicle.
- Carried Interest (Variable Performance Fee)
Share in profits that exceed the expected investor return.
The GP receives this carry only if the project exceeds the target IRR and achieves the expected return levels for the LPs.
Objective: incentivize active management and maximize project performance.