Bewater Funds specializes in managing closed-end funds that invest in high-quality, unlisted private companies. The firm operates under the supervision of the CNMV (National Securities Market Commission) and is exclusively targeted at professional clients who possess the expertise to comprehend the high risks associated with investing in unlisted companies. These risks include lack of liquidity and the potential for total loss of capital.

Bewater Funds serves experienced investors looking to diversify their portfolios with private equity investments. The business model revolves around pre-selecting promising private companies and offering investors the opportunity to invest in these firms through closed-end funds. This structure provides greater liquidity compared to direct investments in private companies, as shares can be sold with the intermediation of Bewater Asset Management.

Revenue is generated through management fees, set at 1%, and performance fees, which are 10% of the profits. The company also charges a fee for facilitating the transfer of shares.

The market for Bewater Funds includes professional investors seeking high-risk, high-reward opportunities in the private equity space. The firm differentiates itself by offering a curated selection of investment opportunities, enhanced liquidity, and professional oversight to protect minority shareholders.

Keywords: closed-end funds, private equity, unlisted companies, professional investors, CNMV supervised, liquidity, asset management, high-risk investments, diversified portfolio, management fees.