EX.TRA is tailored mainly for institutional investors seeking high and early returns and for this asset class untypical low investment risks. EX.TRA will invest €100 million in approximately 12 companies, thus mitigating risk stemming from excessive portfolio concentration. Distribution of proceeds from portfolio companies to investors are anticipated from the outset. EX.TRA is based on the principle of “EXpansion on the basis of industrial TRAdition” within the middlemarket sector. EX.TRA will invest in established, innovative middlemarket companies with already positive cash flows that require additional capital to realize competitive growth opportunities.