What is the service offering of iAccess Partners?
Through the digital platform of iAccess Partners you can invest directly in Private Equity funds starting at a minimum of 25’000 Swiss Francs.
Do I need a securities account to invest in Private Equity funds on iAccess Partners?
Yes, you need a securities account of a bank to buy the ISIN number, which accords to your Private Equity fund investment.
Is there a lower and upper limit to the amount I can invest with iAccess Partners?
The minimum investment amount is 25’000 Swiss Francs per Private Equity fund investment. There is no maximal amount, as long as it does not exceed the maximal remainder of an investment ticket.
What happens if the minimal ticket size of a Private Equity investment opportunity is not reached?
In the event that the accumulated investment interests of all investors are not enough to reach the minimal ticket size, the investment will not take place, about which you would be informed. Because you will not have invested any money at this point, the process of cancelling an investment opportunity in a Private Equity fund is very smooth for you.
Where does my invested money flow?
Your invested money flows to a custody bank account, which is held in the name of the Luxembourg SPV of iAccess Partners. The custodian bank serves the capital calls and distributions of the underlying Private Equity fund. Please note that there is a seperate custody bank account per Private Equity fund investment opportunity.
How does iAccess Partners aggregate my investment?
iAccess Partners employs an SPV, which sole purpose it is to aggregate the money of all individual investors and then invest it in a Private Equity fund.
In order for you to gain access to a Private Equity fund, your investment needs to be aggregated with the investments of other investors, in order to have a large-enough investment sum to gain access to a Private Equity fund. iAccess Partners fully digital investment platform allows for an efficient aggregation of the individual Private Equity fund investments.
Depending on the pre-existence of an ISIN of the Private Equity fund, the aggregation process varies. If an ISIN pre-exists, iAccess Partners digitally aggregates the Private Equity fund investment interests to a large enough investment sum. If a minimal aggregated investment sum is reached, you may buy the pre-existing ISIN. If an ISIN does not pre-exist and a minimal aggregated investment sum is reached, iAccess Partners employs an SPV, which sole purpose it is to aggregate the money of all individual investors and then invest it in a Private Equity fund. This allows for the creation of an ISIN. The fact that you are invested in the same Private Equity fund with other investors does at no point influence your individual investment.
Can I invest in more than one fund?
Yes, you can invest in different funds and thus diversify your Private Equity fund investments over time.
What does iAccess Partners do once I am invested?
iAccess Partners reports on your investment in the Private Equity fund and depending on the Private Equity fund investment opportunity ensures the management of the SPV.
How does iAccess Partners keep me informed during the investment period?
There are multiple ways by which you will be kept informed by iAccess Partners. Firstly, on your portfolio overview, you will find all key information about your investment as well as documents with regards to your investment, which you can download. The frequency of your Private Equity fund investment reportings depends on the underlying Private Equity fund. Secondly, iAccess Partners will keep you informed with newsletters, if you have opted for it.
Can I directly interact with the fund I invested in?
No. The interaction is done by iAccess Partners.
How are the proceeds distributed after the investment?
Over its lifetime a Private Equity fund distributes some proceeds back to its investors before distributing all the remaining proceeds back to the investors at the end of a fund’s lifetime. As an investor you will be notified about these distributions.
What happens to my Private Equity fund investment if iAccess Partners goes out of business?
iAccess Partners is holding no client monies or assets. Investor are holding their assets with their bank. Private Equity investments would therefore not be affected if iAccess Partners would go out of business.
What fees do I have to pay?
Signing up to iAccess Partners is for free.
Once, you invest in Private Equity funds with iAccess Partners you pay two types of fees:
Access fee: at the time of investment, iAccess Partners charges an access fee of 0.0% -1.25% of the invested capital. This fee enables you to seamlessly get access to Private Equity fund investments.
Maintenance fee: iAccess Partners’ maintenance fee amounts to 0.45% – 0.95% on your invested capital annually. This fee ensures you the best management of your Private Equity fund investment.
How do I pay my fees?
Access fee: The access fee is paid by you in addition to your investment at the same time as you make your investment.
Maintenance fee: The annual maintenance fee is charged quarterly on the invested capital. Thus, you do not need to make an additional payment.
Are there any other costs, which iAccess Partners charges during the lifecycle of my investment?
Are there any other costs, which I have to consider during the lifecycle of my investment?
The Private Equity fund manager also charges fees for its work for the Private Equity fund, which you are invested in. Moreover, please be aware that the securities account through which you invest in feeders of Private Equity funds usually charges a custody fee on your invested capital.
Fees of the Private Equity fund manager:
- Management fee: Is the annual fee charged by the Private Equity fund manager for its administration of the Private Equity fund and its underlying portfolio companies (please refer to the prospectus of a Private Equity fund investment opportunity).
- Carried interest: Refers to the incentive fee on the profits made by the fund above a certain predefined benchmark (please refer to the prospectus of a Private Equity fund investment opportunity).
Fees of the securities account provider:
- Custody fee: Refers to the fee on your invested capital, which is charged by the securities account through which you invest in Private Equity funds. This fee is individual and charged by your securities account provider.
How long does it take to be signed up?
Signing up to iAccess Partners usually takes 15 minutes.
When am I legally bound with my investment?
As soon as you sign the contracts of an investment in a Private Equity fund, will you be legally bound to participate in an investment. Indicating interest in an investment opportunity is not legally binding.
How long is the lifecycle of my investment?
Depending on the investment opportunity the lifecycle of a Private Equity fund lasts for ~10 years. During this period, your invested money cannot be withdrawn by you and will only be paid out when the Private Equity fund distributes money.
Can I exit my investment during the lifecycle of a Private Equity fund?
It depends on the Private Equity fund type you are invested in.
If you invest in a closed-ended Private Equity fund, you cannot exit your investment during the lifecycle of the fund. In exceptional circumstances you may contact iAccess Partners via email (firstname.lastname@example.org) and your securities account provider and based on best effort a transfer of your Private Equity fund investment to a new investor will be seeked.
However, if you invest in an open-ended Private Equity fund, you can periodically exit on your investment. For more information on the divestment periods sign in to your iAccess Partners account and view your portfolio.
Regulatory and tax
Is iAccess Partners regulated?
iAccess Partners is a financial services provider under article 3(c)(2) the Financial Services Act (FinSA). Its client advisors are registered in the regservices advisor registry under register numbers DM40729 and NM04612. It is a member of the Financial Ombudsman Service Switzerland (FINOS). iAccess Partners is not supervised by FINMA.
How does iAccess Partners ensure anti-money laundring (AML) and know your customer (KYC) requirements?
iAccess Partners’ accreditation process checks the investor qualification. Since iAccess Partners is not holding client monies or assets, it is not subject to AML laws and regulations. AML and KYC compliance will be ensured by the bank where investors maintain their securities account.
Where can I find documents for my tax declaration?
You are responsible for your tax declaration. When you are signed in, you can find information for your tax declaration under my portfolio.
How can I communicate with iAccess Partners?
The easiest way to communicate with us is by writing us an email. The email address is email@example.com.
What should I do if I have trouble uploading my documents?
If you have trouble uploading your documents, just send us an email to firstname.lastname@example.org, we will be more than happy to help.
How can I change personal details, once I am an accredited investor?
Once you are an accredited investor and you would like to change your personal details (e.g. address), just send us an email to email@example.com and we will do it for you.
How secure is the iAccess Partners platform?
The digital platform of iAccess Partners follows common security standards. You have to verify your email once and use this email together with your password each time you use the platform.