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Banca March - Hacer crecer, seguir creciendoAlignment of interests

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Our maximum expression of transparency and commitment is Co-Investment

OVER 90 SUCCESSFUL YEARS IN PRIVATE BANKING

We were founded as a Private Bank and, today, we are not only a point of reference in this service, but also in Wealth Planning, Business Advisory Services and Asset Management.

Co-investment: transparency and commitment

Our maximum expression of transparency and commitment is Co-Investment. At Banca March we invite our customers to invest in projects that represent interesting investment opportunities and which allow diversified portfolios. In other words, we share our experience and knowledge to add resources that allow us to continue growing together.

Institutional SICAV

One of our joint investment vehicles are our institutional SICAVs with different risk profiles: Torrenova, Bellver and Lluc. Torrenova is our best known institutional SICAV in which we have successfully invested along with our customers for over 20 years. We do this by:

  • Following a conservative policy.
  • Selecting securities with a firm foundation which offer good dividend returns.
  • Seeking as little volatility in the portfolio as possible.
  • Investing mainly in fixed income securities and, secondly, in Spanish and European equity.

Data compiled from 31/12/2002 to 28/02/2017 from Torrenova de Inversiones, S. A. SICAV, net of commissions. The value of the investment is subject to market fluctuations. Past returns do not condition or generate rights in the future. Torrenova Inversiones, SICAV was registered in the C.N.M.V. (Spanish Securities Market Commission) Registry on 15/07/1993 under number 32. The brochures of these SICAVs can be found at www.bancamarch.es, and in the official registries of the CNMV. Management Company: March Gestión de Fondos S.G.I.I.C. S.A.U. - Depository Bank: Banca March S.A.

Illiquid alternative investments

Another more complex co-investment instrument are illiquid alternative investments (not including institutional SICAVs):

  • €1 billion committed since 2008.
  • 490 customers have invested in projects.
  • €330 million divested to date with an average multiplier effect of 2.06.
  • 50% co-invested by the Banca March Group.
  • 7.8 years average investment time.

We invest at 50% with our clients in products such as Oquendo, Risk Capital Investment Company in Luxembourg, which aims at financing mid-market Spanish companies with good credit quality and commitment for growth by means of selective Mezzanine loans.

Oquendo holds the leadership in Spain with €235 million invested in 19 companies.

We have performed 10 divestments to date for €82 million with an average gross IRR of 13.5% and a gross multiple of 1.47 times.

Banca March internal source. This communication serves descriptive and commercial purposes only and it is not intended as, is not and may not be considered in any way a recommendation for investment or contracting financial products.

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