The fund splits its investments equally among three kinds of operations, depending on their nature. Actyus Growth Finance, FCR balances its risk between Venture Debt and Build-Up operations in which we seek to maximise returns and Fintech operations with a limited degree of risk:
FINTECH-SPV FUNDING
Funding the working capital of companies with a financial component that requires a large balance sheet to grow. We can find a favourable risk-return, generally with liquid and redeemable collaterals. The fund also relies on the leverage of the Andbank Group, the expertise of Actyus FinTech and the technical capabilities of Fence Finance.
VENTURE DEBT
Leveraging of Venture Capital operations, financing of OPEX in technology companies with proven traction.
Investment in geographical expansion, organic growth (LTV/CAC) or break-even financing, or simply a bridge between financing rounds.
BUILD-UP M&A
Financing of consolidation operations in atomised sectors. Competitive edge in terms of the size and flexibility of the transactions.
An opportunity for a niche in the digitisation of traditional sectors and mergers between industrial companies and others with a technological profile.
We actively support the growth of our investee companies with our numerous accessible resources (debt, distribution, asset management, technology, regulatory, etc.).
It seeks to invest in scale-up technology companies that are undergoing cash shortages that we can address with our financing.
Venture Capital returns stem from a few investments that guarantee the majority of the fund’s profitability Actyus Growth Finance captures double-digit returns in most of the operations in which it’s involved.
Our Venture Debt portfolio is structured to generate stable returns in adverse scenarios too.
Operations in which the equity isn’t revalued have a minimum 20% IRR as a result of the 10% fixed-interest rate and the 25% equity kicker. The equity kicker is additional free-of-charge remuneration for AGF.
Operations in which the equity kicker doesn’t materialise have a 10% IRR due to the debt component.
Even with an expected 20% default ratio, we’d be able to generate a 15% IRR and 1.75x of the amount invested. This is a clear demonstration of the resilience of a Venture Debt portfolio.
€40 million investment
Investment in around thirty companies
Investment through loans, with tickets ranging from €250,000 to €5 million. Loans that will provide a fixed-interest return in addition to equity holdings.
Investment period
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