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The
Saudi-Sino Technology Fund
沙特-中美科技基金
The Saudi-Sino
Technology Fund (the “SST Fund”) or its progeny, or other
appropriate fund management strategy shall have the following
features:
沙特-中美科技基金( “ SST的基金” )或其后代,或其他适当的基金管理策略,应具有以下特点:
Investment
Mandate The SST Fund’s
Investment Mandate shall be to invest across multiple stages,
sectors and geographic areas in the following sub-asset classes.
投资任务 SST基金的投资任务,应是投资横跨多个阶段,部门和地理区域在以下分资产类别。
•
Biotechnology and
Life Sciences; •生物技术和生命科学;
•
Information
Technology; •信息技术;
•
Advanced
Manufacturing; •先进制造;
•
Petrochemicals;
•石化;
•
Alternative Energy;
•替代能源;
•
High Technology; and
•高科技; 和
•
Nanotechnology. •纳米技术。
In executing
its Mandate, the SST Fund shall seek to realize superior
risk-adjusted returns by, among other things: (i) effectively
underwriting and investing in commercially-viable technologies
managed by experienced operating teams, (ii) selecting portfolio
investments that have advanced products and/or services that have
(a) proven market traction, (b) address a specific market need, (c)
present attractive short to intermediate-term investor returns, and
(d) have a sustainable competitive advantage, (iii) superior
operational and financial management at the Portfolio and
transactional levels, and (iv) strategic alignments with sovereign
and/or industry-leading stakeholders.
在执行其任务,
SST的基金,应谋求实现优越的风险调整后回报,除其他事项: (一)有效的承保和投资在商业可行的技术管理,由经验丰富的经营团队, (二)选择投资组合的投资,拥有先进的产品和/或服务有(a)证明,市场牵引, ( b
)解决特定市场的需要, (c)目前的吸引力,短期至中期来说,投资者的回报,及( d
)有一个可持续的竞争优势, (三)上级业务和财务管理的投资组合和交易水平,及(四)的战略路线,与主权和/或业界领先的利益相关者。
General
Partners The Sponsor and
Managing General Partner of the SST Fund will be The Novati Group
and its affiliates (“Novati”) together with its Co-Sponsor, VERITAS
of China, LLC (“VoC”), and shall provide (1) feasibility &
investment evaluation, (2) capital formation, (3) project advisory
& management, and (4) operations support & asset management
for the investment portfolio of the SST Fund.
一般合伙人的赞助和管理的一般合伙人的SST的基金将成为诺瓦蒂集团及其下属公司( “诺瓦蒂” )连同其共同提案国,VERITAS of China, LLC,( “VoC”
) ,并应提供( 1 )可行性&投资评价, ( 2 )资本形成, ( 3 )工程咨询与管理,及( 4 )行动的支持与资产管理为投资组合的SST的基金。
Lead
Facilitators
The Lead Facilitators of
the SST Fund shall provide, (1) project and investment origination,
(2) strategic capital formation, and (3) designated investor
relations services to the Fund, and are proposed as follows:
(i) The
Kingdom of Saudi Arabia Ministry of Communications and Information
Technology (“MCIT”), (ii) The People’s Republic of China Ministry of
Science and Technology (“MOST”), (iii) Shanghai Science and
Technology Commission (“SS&TC”), (iv) Shanghai Science and
Technology Investment Corporation (“SS&TIC”), and (v) The
Chinese Academy of Science (“CAS”).
导致调解人带头调解人的SST的基金应提供, ( 1 )项目和投资的起源, ( 2 )战略资本形成,以及( 3 )指定的投资者关系服务向基金捐款,并建议如下: (一)英国沙特阿拉伯内政部通信和信息技术( “ mcit ” ) , (二)中国人民共和国科学和技术部( “最” ) , (三)上海科学和技术委员会(下称“的SS及技术合作” ) , (四)上海科技投资公司(简称“五&旅游业议会” ) ,及( v ) ,中国科学院(简称“中科院” ) 。
Limited
Partners The Fund Sponsors and
Lead Facilitators expect to offer limited partner participation in
the Fund to a limited number of institutional-grade investors in the
Kingdom of Saudi Arabia, People’s Republic of China, and other
preferred jurisdictions.
有限合伙基金的赞助商,并导致调解者的预期提供了有限的合作伙伴参与在该基金的数目有限的机构级的投资者在沙特阿拉伯王国,中国人民共和国,和其他司法管辖区的首选。
Fund
Managers Novati, together with
its Co-Sponsor VoC will provide all fund administration services for
the operation of the SST Fund and/or its progeny, or other approved
fund management strategy.
基金经理诺瓦蒂,连同其共同提案国的VoC将提供所有基金管理服务的运作,SST基金和/或其后代,或其他经批准的基金管理策略。
Risk
Factors As with all funds, the
SST Fund has elements of risk, and it is possible to lose money on
an investment in the Fund. The Principal Risks: Among the principal
risks of investing in the Fund, which could adversely affect its net
asset value, yield and total return are (in alphabetical order):
风险因素与所有的资金, SST的基金风险因素,是有可能失去的金钱投资在该基金。主要风险:各主要的风险投资在基金,这可能造成不利影响,其净资产值,产量和总回报率分别是(按字母顺序排列) :
• Credit Risk信贷风险
• Currency Risk货币风险
• Derivatives Risk衍生金融工具的风险
• Emerging Markets
Risk新兴市场风险
• Equity Securities
Risk股本证券的风险
• Focused Investment
Risk集中投资风险
• IPO Risk首次公开招股风险
• Issuer Risk发行人的风险
• Leveraging Risk杠杆风险
• Liquidity Risk流动性风险
• Management Risk管理风险
• Market Risk市场风险
• Non-U.S. Investment
Risk非美的投资风险
• Smaller Company
Risk规模较小的公司的风险
• Turnover Risk营业额的风险
Targeted
Return The SST Fund is
targeting a twenty to twenty-two percent (20-22%) pre-tax, levered
internal rate of return.
有针对性的归还SST的基金的目标是20到22 % ( 20-22 % )税前,杠杆的内部回报率。
Equity
Commitment The SST Fund
is seek equity commitments of one billion dollars
(US$1,000,000,000.00).
公平承担SST的基金是寻求公平的承诺10.0亿美元( US 1000000000.00美元) 。
Minimum
Investment Ten (10)
million dollars (US$10,000,000)
最低投资10 ( 10 )万美元(美国一千点零零万美元)
Call
Provisions All equity due and
callable upon ten (10) business days notice.
通话的规定,所有股权,由于和催缴后, 10 ( 10 )个营业日内,恕不另行通知。
Fund
Closing First Closing: US$100
million (120 days from Fund launch); Final Closing: $900 million
(thereafter), for a total of US$1.0 billion.
基金闭幕首个截止:一亿美元( 120天从基金发射) ;最后结算:九亿元(此后) ,共计美国的十亿元。
GP
Commitment Either
$500,000, or one percent (1%), of the committed capital.
GP的承诺,无论是五十○点〇 〇 〇万美元,或一% ( 1 % ) ,已承诺的资本。
Term of the
Fund Closed-end for five (5)
years, subject to three (3) annual extensions.
任期基金封闭年底为五( 5 )年,受三( 3 )每年扩展。
Allocation of
Profits Ninety-nine percent (99%)
to the Limited Partners and one percent (1%) to the General Partners
until the Limited Partners have recouped one hundred (100%) of
committed capital. The Limited Partners shall receive six per cent
(6%) annualized levered return on invested capital.
Thereafter, the Limited Partners shall receive eighty percent (80%)
and the General Partners shall receive twenty percent (20%). MCIT
and MOST, each, shall receive up to ten percent (10%) of the General
Partner’s promoted interest realized at the final disposition of the
Fund.
分配利润99 % ( 99 % ) ,以有限的伙伴和一% ( 1 % )向普通合伙人,直到有限的合作伙伴已收回100 ( 100 % )承诺的资本。有限的合作伙伴,应领取的6 % ( 6 % )的年均回报率杠杆投资资本。此后,有限的合作伙伴,应领取的80 % ( 80 % )和一般合伙人,应领取的20 % ( 20 % ) 。 mcit和最,每个,应领取高达10 % ( 10 % )的一般合伙人的利益,促进实现最终处置基金。
Management
Fee The Fund shall pay an
annual Management Fee equal to 1.75% of committed capital, payable
in monthly arrears.
管理费的支付时,基金的年度管理费,平等至1.75 % ,已承诺的资金,每月应缴纳的欠款。
The Management
Fee shall be distributed as follows:
•
Eighty percent (80%), to
be shared between (i) The Novati Group and (ii) VERITAS of China,
LLC, as co-managers.
•
Ten percent (10%),
to The Kingdom of Saudi Arabia Ministry of Communications and
Information Technology.
•
Ten percent (10%), to the
People’s Republic of China Ministry of Science and Technology
管理费应作如下分配: • 80 % ( 80 % ) ,以之间共享(一)诺瓦蒂组及( ii ) VERITAS of China, LLC,作为合作的经理人。 • 10 % ( 10 % ) ,沙特阿拉伯王国部通信和信息技术。 • 10 % ( 10 % ) ,向中国人民共和国科学技术部
Liquidity
Strategy 144A
recapitalization(s); thereafter, initial public offerings and/or
strategic disposition(s).
流动资金战略144a剥离;此后,首次公开募股和/或战略处置。
Legal
Counsel Patton Boggs, LLP
法律顾问 巴顿博格斯律师事务所
Auditors KPMG
General Partners合伙人
The Novati
Group诺瓦蒂集团
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