Fund Structure

VICTORIX AIF VCIC
The Victorix AIF Variable Capital Investment Company Limited has established 4 investment compartments under its structure, addressed to Professional and Well-Informed Investors, which are:

• V-EMEA, with registration number AIF29_1, is an investment compartment available only to investors outside the EEA/EU. The Sub-Fund is focused on real estate investments, particularly residential and commercial properties in Europe, the Middle East and Africa region (EMEA), and may invest in other eligible assets in accordance with its offering documentation.
• V-MACRO, with registration number AIF29_2, is an investment compartment designed to provide its Investors with long-term growth through a combination of capital appreciation and regular income distribution. The Sub-Fund primarily invests its net assets in liquid exchange-traded instruments, including equities, commodities and property exposure through exchange-traded funds (ETFs), exchange-traded notes (ETNs) and real estate investment trusts (REITs), as well as cash, fixed income securities and currencies. Derivatives may also be used for hedging, investment strategy implementation and portfolio management. The Manager may take short positions in these instruments, which may include listed futures and options and over-the-counter foreign currency trades and derivatives, both deliverable and non-deliverable.
• V-PROPERTY, with registration number AIF29_3, is an investment compartment focused on real estate investments, particularly residential and commercial properties in the Central and Eastern European region. The purpose of V-Property (the “Sub-Fund”) is to provide its Investors with long-term growth through a combination of capital appreciation and regular income distribution. The Sub-Fund shall primarily invest in residential property at the late construction stage, completing the fit-out and subsequently reselling the property, with a typical investment cycle of 6–12 months.

• V-PROPERTY II, with registration number AIF29_4, is a sub-fund designed to generate favourable returns through a diversified portfolio of property and property-related investments, with the objective of achieving capital appreciation and/or attractive ongoing income. The Sub-Fund may invest across a broad range of asset classes, including office, retail, residential, warehouse, storage, mixed-use and other special-use properties. Opportunities may include commercial and/or residential assets at an early stage of construction, as well as development, redevelopment, improvement, renovation and rehabilitation projects. Acquisitions may comprise both income-oriented and appreciation-oriented properties, including assets with little or no current cash flow. Geographically, the Sub-Fund will target prime locations in Southern Europe and the Middle East, including but not limited to Cyprus, Greece, Italy, Spain, Croatia and Portugal (Target Markets), focusing on selected property segments offering limited downside risk and attractive return potential. The strategy may be tailored according to sector and region.

V-MACRO II RAIF VCIC
The V-MACRO II RAIF Variable Capital Investment Company Limited has established 1 investment compartment under its structure, addressed to Professional and Well-Informed Investors, which is:

• V-DISASTER PROTECTION, with registration number RAIF197_1, is a sub-fund designed to maximize total returns for investors while maintaining a disciplined risk management framework. It seeks long-term growth through a combination of capital appreciation and regular income distribution, primarily investing its net assets in liquid exchange-traded instruments, including equities, commodities and property exposure through exchange-traded funds (ETFs), exchange-traded notes (ETNs) and real estate investment trusts (REITs), as well as cash, fixed income securities and currencies. The Manager will employ global macro strategies, with particular emphasis on an investment approach characterised by a “black swan” type mandate. The Sub-Fund will primarily focus on developed and major emerging markets within G20 economies.