Coral Portfolio SCA SICAV-SIF (‘GSA Coral’) is a regulated investment company supervised by the Commission de Surveillance du Sector Financier (CSSF) in Luxembourg. Investors will receive shares in the Coral Student Portfolio (Fund), a Compartment of GSA Coral. The name change to GSA Coral has received regulator approval but remains subject to Shareholder approval which is currently in process.
The Fund invests in a range of purpose built student accommodation (PBSA) developments or investment properties. A proportion of the investments may be kept in other investments such as bank deposits.
The Fund principally invests in student housing located in various cities and regions of the G20 countries.
The Fund holds a diversified range of investments in a range of global locations. As the portfolio changes frequently through active management to maximise returns, details of the current investments can be found in the GSA Coral Investment Portfolio brochure which is updated regularly and can be downloaded from here. A selection of properties can be found here.
|Investment Pipeline||GSA Coral has a great depth and breadth of contacts from 25 years at the forefront of the student accommodation sector, giving the Fund access to a wide range of predominantly
off-market investment opportunities. Globally, it has access to the wider resources of the GSA Group with offices in the UK, Ireland, Germany, Dubai, Japan, Hong Kong, China and Australia to source market leading opportunities.
The Fund is traded monthly. It has a carefully managed liquidity strategy and has an unrivalled track record of providing liquidity whenever required since launch in 2009.
|Regulation and Managers||
The Fund is regulated and supervised in Luxembourg by the CSSF. It is internally-managed and approved under the AIFMD requirements to ensure a rigorous and transparent reporting structure. It is supervised by a Management Board which includes two members who are independent of the General Partner, Coral S.à.r.l.
Coral S.à.r.l. Coral was established in 2008 by a group of experienced industry professionals. It provides a transparent and regulated platform for the fund, which is actively managed with careful attention to risk management and highest standards of service delivery.
The Fund has an independent Depositary – RBS Global Banking Luxembourg S.A. The Depositary is supervised by the CSSF and is responsible for safekeeping of the its cash, including subscription and redemption monies. Following investment, the Depositary is responsible for the custody of the underlying assets on behalf of investors.
Apex Fund Services (Malta) Ltd, supervised by the CSSF in Luxembourg, is the independent Administrator.
Since inception, the Fund has been audited by Ernst & Young (EY) in Luxembourg.
The Fund is advised on legal matters by Loyens & Loeff in Luxembourg.
Class A GBP ISIN: LU0407011179 SEDOL: B3KTXV9
Class D GBP ISIN: LU0561976993 SEDOL: B3WXBR1
|Target Fund Return||
8%+ per annum.