Poste Innovation 8
Objectives
This investment offers tax exemption in the year of subscription and the prospect of long-term gain through access to the capital of innovative unlisted companies with high growth potential. This FCPI, or tax-incentived venture capital fund, is distributed by the French post office and managed by AGF Private Equity.
POSTE Innovation 8 was closed to subscriptions on 31/08/2005.
If you have any questions, do not hesitate to contact us by e-mail.Fund presentation
Poste Innovation 8 is an FCPI or tax-incentived high-tech venture capital fund, i.e. a venture capital fund with specific characteristics.
60% of assets invested in innovative companies:
60% of the assets of an FCPI must be invested in European innovative companies.
The innovative nature of a company is judged according to its spending on research and development, or whether it has been approved by Oseo-ANVAR (the French research and innovation association).
The remaining assets of the Poste Innovation 8 FCPI consist essentially of bonds and money market mutual funds.
FCPIs are subject to very specific regulations, with particular regard to limits on the holding of assets and the distribution of risk within portfolios.
FCPIs are subject to approval and auditing by the AMF (the French financial markets authority).
Poste Innovation 8 in brief
| Minimum investment | 1,500 euros, or 3 A shares and 3 B shares | | Entry fee | 5% | | Management fee | 4.95% maximum per year | | Term of the fund | 1 September 2015 | | Redemption | Possible from 1 September 2013. | | Transfers | Shares may be transferred freely but only by mutual agreement. | | Tax reduction | Tax reduction in the first year equal to 25% of the investment (including entry fee) up to a limit of 12,000 euros for a single person and 24,000 euros for a couple taxed jointly. | | Tax exemption | Tax exemption (except social security deductions) on gains realised after five years. |
This document does not constitute the regulatory specifications required by the AMF
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