A fund under the name "Propagator Fund 1 K/S" with a target of 25 m DKK million will be established.
The Fund will qualify as an alternative investment fund and will be organized under the legal form of a special limited partnership “Kommanditist selskab (K/S) under the laws of Denmark, and with a General Partner ,” Propagator GP1 ApS”
The purpose of the Fund is to generate investment returns by making investments in companies that have successfully completed the 4 week “Propagator Boot Camp“. Investments made in accordance with the investment strategy of the Fund and subject to the investment’s restrictions set out in the LPA.
The fund will invest Tech companies, with 90-100% in Scandinavia – primarily Denmark and up to 10% RoW. Propagator Management is the dedicated investment manager of the investment vehicle.
The minimum Commitment of each Limited Partner shall be DKK 750.000 (or at least 100.000 EUR equivalent ). Commitments, full or partial, are payable upon at least 10 business days’ notice.
The initial closing of the Fund (the "Initial Closing") shall not be held unless the Total Commitments amount to at least DKK 6 m.
The Fund will pay the General Partner in remuneration of its services to the Fund a management fee, calculated, payable and drawn down from each Limited Partner semi-annually in advance, as at the beginning of such semi-annual period, commencing on the Initial Closing Date (the "Management Fee"), of 2,75 % for the duration of the fund.
The fund is registered with the Danish Financial Authorities reg FT 25251 and the manager as FT 23264