Actively Managed Certificate

Y-Suisse RE Portfolio 1

A diversified portfolio of Real Estate mezzanine loans in Switzerland, with quarterly coupon distribution.

Discover the AMC
9%
Expected Gross Annual Return
36 months
Expected Term
—
Residual Time to Maturity
Quarterly
Coupon Distribution
80%
Maximum Loan-to-Value
CHF 10'000
Minimum Ticket
1.5%
TER (guaranteed)
CH1484374587
ISIN
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The instrument

An Actively Managed Certificate for Real Estate private debt

Y-Suisse RE Portfolio 1 is an Actively Managed Certificate (AMC) investing in direct mezzanine loans in Switzerland, secured by second-ranking mortgage notes, further protected by additional covenants structured ad hoc for each transaction.

The instrument adopts a full pass-through structure: all proceeds received by the vehicle are distributed to investors.

In collaboration with
Product strategy

A diversified portfolio of secured Real Estate loans

The AMC builds a diversified portfolio of secured Real Estate loans across Switzerland, involving assets that will be renovated and subsequently sold under PPP or refinanced.

The transactions are led by different sponsors, all with a well-established track record, providing diversification by sponsor, location and asset class.

  • Collateral: second-ranking mortgage notes plus ad-hoc covenants for each transaction
  • Underlying maturities: 12 – 36 months, collateralized loan agreements
  • Maximum Loan-to-Value: 80% on the underlying assets
  • Concentration limits: maximum 50% exposure to a single direct loan
Why invest

What makes Y-Suisse RE Portfolio 1 attractive

Diversified portfolio

Exposure to a diversified portfolio of Real Estate credit transactions, across sponsors and locations

Protected positions

Maximum Loan-to-Value of 80% on the underlying assets, with mortgage notes and ad-hoc covenants

Dedicated ISIN

AMC purchase through a dedicated ISIN code, with NAV available daily on Telekurs and Bloomberg

Decorrelated returns

An instrument decorrelated from traditional financial markets, driven by Real Estate credit performance

How it works

Full pass-through, quarterly coupons

The expected maturity of the certificate is 36 months from its inception on 26 May 2026, with an expected gross annual return of 9% distributed through quarterly coupons.

Thanks to the full pass-through structure, investors receive all proceeds collected by the vehicle, coupons as well as capital repayments, as the underlying loans mature between 12 and 36 months.

A best-efforts exit option on the secondary market allows investors to seek liquidity before maturity.

Pass-through timeline: from inception, recurring quarterly coupons are distributed, then capital is repaid at maturity
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