Risk warning

Investing through Next Kapital, in unlisted companies as in real-asset projects, carries a risk of total or partial loss of the invested capital.

Commitments are not liquid: there is no secondary market and no resale is guaranteed. The investment horizon ranges from two to ten years depending on the deal.

Multiples and yields shown are non-contractual targets. Past performance is no guarantee of future results.

The yield pocket is not risk-free: construction delays, vacancy, rising costs or the failure of an operator or counterparty can reduce or wipe out income and capital.

Tax treatment depends on each investor's situation and may change. Consult an independent adviser.

Next Kapital is a project under structuring; regulatory information (management company, licences, service providers) is published before subscriptions open.