The fund
The fund
Next Kapital is a European hybrid fund: a growth pocket invests in startups, a yield pocket funds real estate, green and social projects. Each investor chooses their sectors and splits their ticket across deals.
One vehicle, one governance
The fund is being structured in Luxembourg, the reference jurisdiction for European alternative investment vehicles. An investment committee selects deals; an independent auditor will certify the accounts.
Two complementary pockets
The growth pocket takes minority stakes in startups; the yield pocket funds real assets intended to generate income. The target allocation between the two pockets is indicative.
What you hold
Your commitments are tracked deal by deal: amount reserved, deposit paid, balance called, then periodic reporting and documents available in your account.
What you risk
Total or partial loss of the invested capital, several years of illiquidity, delayed projects and valuations or yields that fail to materialise.
Two pockets
Growth and yield, in a single fund
01 · Target fund allocation (indicative) 60 %
Growth pocket
Minority stakes in startups: companies that went through Y Combinator-type accelerators or come from the European ecosystem, in AI, quantum, deep tech, health, agri-food and sport. High potential, long horizon, risk of total loss.
- Artificial intelligence
- Quantum
- Deep tech
- Health
- Agri-food
- Sport
02 · Target fund allocation (indicative) 40 %
Yield pocket
Funding for real estate, green and social projects backed by real assets, with a non-contractual annual yield target and a shorter horizon. Capital remains at risk of loss.
- Real estate
- Ecology
- Social
Business model
Fees aligned with your performance
1%
Reservation deposit
Paid by card to reserve your allocations. It is not a fee: it counts towards your commitment, whose balance is then called by bank transfer.
1 to 2% / year
Management fee
Charged to the vehicle, over 5 to 10 years depending on the deal profile.
20%
Fee on capital gains
Only on gains realised on exits or at project maturity. We only earn when you earn.
Governance
Investment committee and control
Investment committee
Deal selection in both pockets, term negotiation, monitoring of holdings and projects.
Risk committee
Compliance, KYC verification, anti-money-laundering, allocation control.
Independent auditor
Annual certification of the vehicle's accounts (to be appointed).