NCP II started in December 2015 and have a bond portfolio of c. SEK 300m. Since inception the fund has generated a return of c. 33%, which is equivalent to c. 10% p.a. to investors.
The fund has a closed-end structure, which means that no new capital inflow is allowed, and investors can’t withdraw capital until the funds maturity in December 2020. Though investors can trade the debentures in the OTC market under ISIN SE0007783956.
The fund is denominated in SEK, but also invest in USD, EUR, GBP, NOK and DKK. NCP II hedges its FX exposure.