{"id":8806,"date":"2025-09-10T18:13:04","date_gmt":"2025-09-10T16:13:04","guid":{"rendered":"https:\/\/endofund.pl\/?page_id=8806"},"modified":"2026-08-14T08:10:39","modified_gmt":"2026-08-14T06:10:39","slug":"faq","status":"publish","type":"page","link":"https:\/\/endofund.pl\/en\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\n<div class=\"wp-block-group container\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div id=\"faq-block_05f6d770fa3b9b48af01432c9057a54b\" class=\"faq\">\n\t<div class=\"header-content\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col-lg-12\">\n\t\t\t\t\t<h2>Frequently Asked Questions<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col-lg-12 faq-description\">\n\t\t\t\t\t<p>We have prepared clear and practical answers to the most common investor questions. Here you will find key information to help you make an informed decision.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"accordion\" id=\"accordion-6a859dda55463\">\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading1\">\n\t\t\t\t\t\t<button class=\"accordion-button \" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse1\" aria-expanded=\"true\" aria-controls=\"collapse1\">\n\t\t\t\t\t\t\tWho can become an EndoFund investor?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse1\" class=\"accordion-collapse collapse show\" aria-labelledby=\"heading1\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>Our offering is available to both individual and corporate investors looking to allocate savings or excess capital without the need for active involvement in the investment process. It is suitable for those who value a clear and structured investment model with defined terms.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading2\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse2\" aria-expanded=\"true\" aria-controls=\"collapse2\">\n\t\t\t\t\t\t\tWhat is the investment range at EndoFund?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse2\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading2\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>The minimum investment amount is PLN 100,000 per agreement. There is no fixed upper limit, and the total investment amount depends on the investor\u2019s individual capital allocation and preferences.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading3\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse3\" aria-expanded=\"true\" aria-controls=\"collapse3\">\n\t\t\t\t\t\t\tWhat is the typical investment term?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse3\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading3\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>Investment agreements are typically concluded for a period of 4 months, reflecting the settlement cycle of hospitals within the Polish public healthcare system (NFZ). This corresponds to the financing needs of medical companies, while interest is paid during the term and the principal is repaid at maturity.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading4\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse4\" aria-expanded=\"true\" aria-controls=\"collapse4\">\n\t\t\t\t\t\t\tHow are investment returns taxed?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse4\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading4\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>The EndoFund investment model assumes that returns (in the form of interest on invested capital) are paid to investors in regular monthly cycles. These payments constitute income. The way they are taxed depends on the investor\u2019s legal status, but they are always subject to applicable tax obligations.<\/p>\n<h4>Taxation for individual investors (natural persons)<\/h4>\n<p>As an individual investor (a natural person not conducting business activity in this area), you receive interest in gross amounts. This means that EndoFund does not act as a withholding tax agent and does not deduct advance tax payments, unlike in the case of bank deposits.<\/p>\n<p>The income received constitutes capital income and is subject to a flat 19% income tax (commonly referred to as \u201ccapital gains tax\u201d).<\/p>\n<p>It is your responsibility to declare this income in your annual tax return. In Poland, this should be reported in the PIT-38 form, submitted to the tax office by the end of April of the following year.<\/p>\n<p>&nbsp;<\/p>\n<h4>Taxation for corporate entities (companies)<\/h4>\n<p>If the investor is a business entity (e.g. a limited liability company, limited partnership, joint-stock company, or sole proprietorship), the interest received on a monthly basis is treated as income, typically classified as financial or operating income depending on accounting policies.<\/p>\n<p>This income is taxed in accordance with the applicable tax regime of the entity.<\/p>\n<p>In practice:<\/p>\n<ul>\n<li>Corporate entities (e.g. limited liability companies) are subject to corporate income tax (CIT), typically at 9% or 19%, depending on their status, and report this income in their annual CIT-8 return<\/li>\n<li>Sole proprietors include this income in their personal income tax (PIT), taxed according to their chosen taxation method (progressive scale, flat rate, or lump sum)<\/li>\n<\/ul>\n<h4>Important notice<\/h4>\n<p>EndoFund does not provide tax advisory services. The above information is of a general nature only. As final tax obligations depend on individual circumstances, tax residency, and the chosen form of taxation, we recommend consulting a qualified tax advisor before making investment decisions.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading5\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse5\" aria-expanded=\"true\" aria-controls=\"collapse5\">\n\t\t\t\t\t\t\tHow does EndoFund verify medical institutions (hospitals, clinics) before providing financing?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse5\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading5\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>EndoFund applies a multi-level due diligence process as part of its risk assessment framework. The analysis goes beyond publicly available financial data and includes both financial and operational factors.<\/p>\n<p>A key element of this approach is the combination of financial expertise and practical experience in the healthcare sector within the team, allowing for a more comprehensive understanding of how medical institutions operate and are financed within the broader healthcare system (NFZ).<\/p>\n<p>This enables EndoFund to assess not only financial performance, but also the underlying operational context of each counterparty. In particular, the process distinguishes between temporary liquidity constraints and more structural financial challenges, which are taken into account when evaluating potential transactions.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading6\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse6\" aria-expanded=\"true\" aria-controls=\"collapse6\">\n\t\t\t\t\t\t\tInvestment Firm \u2013 Definition and Role. What Is Such an Entity?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse6\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading6\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>In a broad legal and market context, an investment firm refers to an entity whose primary area of activity is the professional management of capital entrusted by investors in order to generate a specific rate of return. The main role of such a company is to connect private or institutional capital with market investment opportunities while actively managing risk.<\/p>\n<p>At EndoFund, we put this definition into practice \u2014 we are a specialized investment firm operating as an Alternative Investment Company (ASI). What distinguishes our business from traditional brokerage houses or open-end investment funds includes:<\/p>\n<ul>\n<li><strong>Narrow specialization<\/strong> \u2013 we focus exclusively on the medical sector, specifically on financing the purchase of medical equipment and technologies (reverse factoring).<\/li>\n<li><strong>Real assets<\/strong> \u2013 unlike firms investing in derivatives or publicly traded shares, EndoFund allocates capital to tangible, real-world assets (medical equipment) and verified receivables based on contracts with the Polish National Health Fund (NFZ).<\/li>\n<li><strong>Security and regulatory oversight<\/strong> \u2013 as an entity entered in the register of ASI Managers maintained by the Polish Financial Supervision Authority (KNF), we operate within a strictly regulated legal framework, ensuring transparency and professional management for investors.<\/li>\n<\/ul>\n<p>In the EndoFund model, the definition of an investment firm therefore evolves toward expert partnership. We do not merely allocate capital \u2014 thanks to our unique expertise in both medicine and finance, we actively support the development of the Polish healthcare system while offering Investors stable, passive income based on solid economic foundations.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading7\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse7\" aria-expanded=\"true\" aria-controls=\"collapse7\">\n\t\t\t\t\t\t\tShort-term investments \u2013 what are they?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse7\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading7\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>Short-term investments are instruments that typically involve highly liquid assets with an investment horizon of up to 12 months. Their primary objective is to allocate capital efficiently while maintaining relatively quick access to liquidity. This category traditionally includes instruments such as bank deposits, treasury bills, and factoring.<\/p>\n<p>At EndoFund, this model is implemented through medical factoring. The investment approach is based on financing transactions related to medical equipment within relatively short cycles (typically 90\u2013120 days). For investors, this means a defined investment horizon, with interest paid on a regular basis and principal repaid at the end of the term, in accordance with the agreement.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading8\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse8\" aria-expanded=\"true\" aria-controls=\"collapse8\">\n\t\t\t\t\t\t\tWhy may the EndoFund investment model be attractive to investors?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse8\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading8\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>The EndoFund model is based on financing transactions within the healthcare sector, including contracts linked to the Polish public healthcare system (NFZ). The sector is generally characterised by stable demand for medical services and equipment, supported by long-term demographic trends.<\/p>\n<p>These factors may contribute to the overall structure of the investment model and its risk-return profile.<\/p>\n<p>Key elements of the model include:<\/p>\n<ul>\n<li><strong>Public sector exposure<\/strong> \u2013 financed receivables are linked to contracts within the Polish public healthcare system, which influences the structure of cash flows<\/li>\n<li><strong>Sector characteristics<\/strong> \u2013 the healthcare sector operates with relatively stable demand compared to more cyclical industries<\/li>\n<li><strong>Defined payment structure<\/strong> \u2013 interest is paid periodically, with principal repaid at the end of the investment term, in accordance with the agreement<\/li>\n<li><strong>Regulatory framework<\/strong> \u2013 EndoFund S.A. holds 100% of shares in Phoenix Global Innovations ASI S.A., an entity entered in the register of Alternative Investment Company managers maintained by the Polish Financial Supervision Authority (KNF), and operates within an established regulatory environment<\/li>\n<\/ul>\n<p>In practice, this model provides investors with access to a structured investment approach that does not require active portfolio management.<\/p>\n<p>However, all financial investments involve risk. Investors should carefully review the characteristics of the product and assess their individual risk tolerance before making an investment decision.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading9\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse9\" aria-expanded=\"true\" aria-controls=\"collapse9\">\n\t\t\t\t\t\t\tWhat is portfolio diversification?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse9\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading9\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>Portfolio diversification is an investment strategy that involves allocating capital across different asset classes in order to reduce overall risk. Rather than concentrating funds in a single instrument (e.g. equities or real estate), investors build a portfolio composed of assets that may respond differently to changes in economic conditions. The main objective of this approach is to reduce exposure to market volatility.<\/p>\n<p>Effective diversification is typically based on assets with low correlation. This means selecting sectors and instruments that may perform differently under various market conditions.<\/p>\n<p>Certain investment strategies, including those linked to the healthcare sector, may form part of a diversified portfolio approach.<\/p>\n<p>As with all investments, risk cannot be eliminated. Investors should carefully assess the characteristics of each investment and their own risk tolerance before making a decision.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading10\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse10\" aria-expanded=\"true\" aria-controls=\"collapse10\">\n\t\t\t\t\t\t\tDoes investing in EndoFund require ongoing market monitoring or active portfolio management?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse10\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading10\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>No. The EndoFund investment model is structured as a non-discretionary, low-maintenance investment arrangement that does not require ongoing market monitoring or active portfolio management.<\/p>\n<p>After entering into an agreement, the investment follows a predefined structure, with interest paid according to the agreed schedule and principal repaid at maturity.<\/p>\n<p>This approach is designed for investors who prefer a structured investment process that does not involve day-to-day management or continuous analysis of financial markets.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading11\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse11\" aria-expanded=\"true\" aria-controls=\"collapse11\">\n\t\t\t\t\t\t\tHow and when will I receive returns and repayment of capital?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse11\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading11\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>The EndoFund investment model is designed to provide a structured cash flow schedule and a defined investment term.<\/p>\n<p>Unlike many traditional investment products, it does not require long-term capital commitment, as the timing of payments is defined in the agreement.<\/p>\n<p>The process consists of two components:<\/p>\n<ul>\n<li><strong>Monthly interest payments: <\/strong>Interest generated on the invested capital is paid on a monthly basis to the investor\u2019s designated bank account, in accordance with the schedule set out in the agreement. This provides periodic cash flows during the investment term.<\/li>\n<li><strong>Capital repayment: <\/strong>The full principal amount is repaid at the end of the investment cycle, which typically lasts approximately 4 months. The exact maturity date is specified in the agreement. Repayment timing is linked to the settlement of underlying receivables within the Polish public healthcare system (NFZ).<\/li>\n<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading12\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse12\" aria-expanded=\"true\" aria-controls=\"collapse12\">\n\t\t\t\t\t\t\tDo I need to withdraw funds after the investment cycle, or can I continue investing?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse12\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading12\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>The EndoFund model is designed with flexibility in mind, allowing investors to decide how they wish to proceed after each investment term.<\/p>\n<p>Although investments are structured as short-term agreements, this does not require ending the relationship after each cycle.<\/p>\n<p>After the standard 4-month term, investors typically have two options:<\/p>\n<ul>\n<li><strong>Capital withdrawal: <\/strong>You may choose to end the investment and receive the full principal amount together with the final interest payment, in accordance with the agreement.<\/li>\n<li><strong>Renewal of the agreement: <\/strong>Alternatively, you may extend the investment for another term (typically another 4 months). The renewal process is carried out in accordance with the procedures set out in the agreement and requires prior notice before the end of the current term. This structure allows investors to either exit the investment or continue participation in subsequent cycles, depending on their individual preferences.<\/li>\n<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading13\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse13\" aria-expanded=\"true\" aria-controls=\"collapse13\">\n\t\t\t\t\t\t\tWhat happens if a medical institution delays payment of a financed invoice?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse13\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading13\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>The EndoFund investment model is structured around receivables linked to contracts within the Polish public healthcare system. Payments are ultimately related to settlements with the public healthcare payer.<\/p>\n<p>In the event of delays in underlying payments, receivables management and collection processes are handled by EndoFund as the investment manager.<\/p>\n<p>The investment structure is based on a diversified portfolio of transactions across multiple counterparties, which helps manage exposure to individual payment delays.<\/p>\n<p>Investors are not involved in any collection or recovery processes, which are fully managed by EndoFund in accordance with the terms of the investment agreement.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading14\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse14\" aria-expanded=\"true\" aria-controls=\"collapse14\">\n\t\t\t\t\t\t\tWhere to invest to potentially generate returns \u2013 healthcare sector or real estate?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse14\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading14\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>The choice of investment depends on individual objectives, risk tolerance, and investment horizon.<\/p>\n<p>The EndoFund model represents a short-term investment approach based on financing transactions within the healthcare sector. In comparison to real estate investments, it differs in several structural aspects:<\/p>\n<ul>\n<li><strong>Capital commitment<\/strong> \u2013 real estate investments typically involve longer holding periods, while EndoFund structures are based on short investment cycles (approximately 4 months), with the possibility of renewal<\/li>\n<li><strong>Operational involvement<\/strong> \u2013 real estate investments often require active management, whereas the EndoFund model is structured as a non-active investment arrangement for investors<\/li>\n<li><strong>Income structure<\/strong> \u2013 rental income from real estate depends on occupancy and tenant performance, while the EndoFund model provides scheduled interest payments in accordance with the agreement<\/li>\n<li><strong>Market exposure<\/strong> \u2013 real estate values are influenced by broader market conditions, while the EndoFund model is based on contractual cash flows within the healthcare sector<\/li>\n<\/ul>\n<p>Comparison overview<\/p>\n<table width=\"614\">\n<thead>\n<tr>\n<td><strong>Feature<\/strong><\/td>\n<td><strong>Real estate investment<\/strong><\/td>\n<td width=\"256\"><strong>EndoFund (healthcare financing model)<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Capital liquidity<\/td>\n<td>Typically lower, longer holding periods<\/td>\n<td width=\"256\">Short-term cycles (approx. 4 months) with renewal option<\/td>\n<\/tr>\n<tr>\n<td>Operational involvement<\/td>\n<td>Higher, includes property management<\/td>\n<td width=\"256\">No active management required by investor<\/td>\n<\/tr>\n<tr>\n<td>Income structure<\/td>\n<td>Rental income dependent on occupancy and tenants<\/td>\n<td width=\"256\">Scheduled interest payments based on agreement terms<\/td>\n<\/tr>\n<tr>\n<td>Market exposure<\/td>\n<td>Influenced by property market cycles<\/td>\n<td width=\"256\">Based on contractual healthcare-related cash flows<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading15\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse15\" aria-expanded=\"true\" aria-controls=\"collapse15\">\n\t\t\t\t\t\t\tIs an Investment Firm the Same as an Investment Vehicle?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse15\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading15\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>No, these are two different \u2014 although closely connected \u2014 elements of the investment process. Put simply: an investment firm is the \u201cmanager\u201d (the experts and the organization), while an investment vehicle is the \u201clegal structure\u201d (the place where your capital operates).<\/p>\n<h4>Definitions and Key Differences<\/h4>\n<p><strong>Investment firm (managing entity):<\/strong><br \/>\nA professional institution with substantive expertise, a team of analysts, and the required regulatory registrations. Its role is to identify market opportunities, assess risk, and operationally manage investments.<\/p>\n<p><strong>Investment vehicle (capital structure):<\/strong><br \/>\nA specific legal structure (e.g., a company or fund) established by the investment firm in order to collect capital from investors and execute a defined strategy. The vehicle provides the legal framework for capital protection and tax settlement.<\/p>\n<table>\n<thead>\n<tr>\n<td><strong>Investment Firm<\/strong><\/td>\n<td><strong>Investment Vehicle<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Purpose:<\/strong> Making decisions and managing investments<\/td>\n<td><strong>Purpose:<\/strong> Holding assets and investor capital<\/td>\n<\/tr>\n<tr>\n<td><strong>Foundation:<\/strong> Team of experts and regulatory licenses<\/td>\n<td><strong>Foundation:<\/strong> Company statutes and legal regulations<\/td>\n<\/tr>\n<tr>\n<td><strong>Role:<\/strong> System operator<\/td>\n<td><strong>Role:<\/strong> Tool used to achieve the investment objective<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading16\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse16\" aria-expanded=\"true\" aria-controls=\"collapse16\">\n\t\t\t\t\t\t\tThe Most Popular Types of Investment Vehicles\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse16\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading16\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>Depending on their strategy, investment firms use different structures:<\/p>\n<ul>\n<li><strong>ASI (Alternative Investment Company):<\/strong> a flexible investment vehicle dedicated to stable, niche sectors such as the medical market.<\/li>\n<li><strong>SPV (Special Purpose Vehicle):<\/strong> a structure typically established to execute one specific project (e.g., the construction of an office building).<\/li>\n<li><strong>Closed-End Investment Fund (FIZ):<\/strong> a more formalized vehicle, commonly used in the stock market or real estate sectors.<\/li>\n<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading17\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse17\" aria-expanded=\"true\" aria-controls=\"collapse17\">\n\t\t\t\t\t\t\tWhat Is EndoFund\u2019s Investment Vehicle?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse17\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading17\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>Within our structure, the division of roles is clear and transparent, which constitutes one of the key pillars of security:<\/p>\n<ul>\n<li><strong>The investment firm (manager)<\/strong> is <strong>EndoFund S.A.<\/strong><br \/>\nThis joint-stock company is registered with the Polish Financial Supervision Authority (KNF) and is responsible for verifying medical facilities and managing the financing process.<\/li>\n<li><strong>The investment vehicle<\/strong> is the <strong>Alternative Investment Company (ASI) Phoenix Global Innovations S.A.<\/strong><br \/>\nIt is within this structure that your capital operates, financing real medical equipment and services whose repayment is based on stable contracts with the Polish National Healthcare System (NFZ).<\/li>\n<\/ul>\n<p>This separation gives the investment process the highest level of professionalism \u2014 investor capital is separated from the operational structure of the manager, while the entire process remains subject to institutional oversight. However, it should be remembered that every financial investment involves risk and uncertainty regarding returns, which is why investors should carefully assess their own risk tolerance before making any investment decisions.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading18\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse18\" aria-expanded=\"true\" aria-controls=\"collapse18\">\n\t\t\t\t\t\t\tWhat is the process for starting a partnership and signing an agreement with EndoFund?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse18\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading18\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>We&#8217;ve simplified the entire formal process to the essential steps.<\/p>\n<ol>\n<li><strong>Consultation meeting<\/strong> \u2013 during the conversation, we answer your questions and concerns and determine the parameters of your investment (including the capital amount and the profit it will generate over a specified timeframe).<\/li>\n<li><strong>Documentation verification<\/strong> \u2013 we provide you with a full package of documents, including a personalized investment agreement template and the investment promissory note securing it.<\/li>\n<li><strong>Document signing<\/strong> \u2013 the agreement is finalized and the investment promissory note is signed in person, in the presence of a notary. This guarantees that the documentation has unquestionable legal validity and that the entire process meets the highest standards of institutional capital protection.<\/li>\n<li><strong>Capital activation <\/strong>\u2013 once the payment is received, your funds immediately begin working within the selected factoring cycle, and you gain access to current information on the investment status.<\/li>\n<\/ol>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading19\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse19\" aria-expanded=\"true\" aria-controls=\"collapse19\">\n\t\t\t\t\t\t\tWhat is the difference between passive and active investing? \t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse19\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading19\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>The main difference between these two models is the amount of time and energy you have to devote to managing your money.<\/p>\n<p>Active investing (e.g., independently purchasing stocks or cryptocurrencies, or managing a short-term rental apartment) requires constant monitoring of economic news, analyzing charts, or personal involvement in operational issues. This involves significant stress and the risk of making emotionally-driven decisions.<\/p>\n<p>Passive investing (e.g., through professional investment vehicles or funds) involves entrusting your capital to experts who implement a pre-defined strategy.<\/p>\n<p>For people who work intensively in their profession (e.g., doctors, managers) or run their own business, the passive model is usually much more suitable. It allows you to generate predictable returns without having to sacrifice your free time and without the burden of daily market volatility.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading20\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse20\" aria-expanded=\"true\" aria-controls=\"collapse20\">\n\t\t\t\t\t\t\tCan short-term investments protect capital from inflation?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse20\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading20\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>Inflation systematically erodes the purchasing power of cash left in non-interest-bearing accounts or low-interest bank deposits. One way to protect capital is to invest it in instruments whose rate of return exceeds inflation and whose holding period is optimally short.<\/p>\n<p>Short-term investments offer two key advantages in this context:<\/p>\n<ul>\n<li><strong>rapid response to market changes <\/strong>\u2013 you don&#8217;t tie up your capital for several years. If interest rates or market conditions change, you regain full liquidity after a few months and can move your funds where they work most effectively;<\/li>\n<li><strong>the compounding effect <\/strong>\u2013 regularly completing short investment cycles allows for immediate reinvestment of earned profits along with the initial capital. This means that in the next cycle, the profit is calculated on a higher amount, significantly accelerating the pace of savings growth.<\/li>\n<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading21\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse21\" aria-expanded=\"true\" aria-controls=\"collapse21\">\n\t\t\t\t\t\t\tHow is my funds actually secured?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse21\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading21\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>Every investment in EndoFund is secured by a corporate investment promissory note. This is one of the most effective tools for protecting investor interests under Polish law. A promissory note is a security that, in the event of any repayment problems, allows for much faster and simpler legal redress than a standard civil law contract.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading22\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse22\" aria-expanded=\"true\" aria-controls=\"collapse22\">\n\t\t\t\t\t\t\tWho is responsible for returning my capital, and how is the promissory note secured?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse22\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading22\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>The promissory note is issued by EndoFund S.A., which means that we are responsible for returning your capital with all of the company\u2019s assets. This guarantee is effectively backed by the fund\u2019s asset portfolio, which consists of stable receivables \u2014 receivables from invoices \u2014 in the medical sector, where the ultimate payer is the National Health Fund.<\/p>\n<p>By combining the stability of the public sector (NFZ) with the rigorous legal instrument of a promissory note, the investor gains a stable portfolio free from market volatility and speculative risk. However, it is important to remember that every financial investment carries the risk of losing some or all of your capital, so you should carefully assess your risk tolerance before making a decision.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading23\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse23\" aria-expanded=\"true\" aria-controls=\"collapse23\">\n\t\t\t\t\t\t\tIs investing in EndoFund through ASI available to individuals or only to companies?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse23\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading23\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>Our offer is fully available to both individuals\/natural persons and business entities, such as limited liability companies, civil law partnerships, and sole proprietorships.<\/p>\n<p>The legal structure of the Alternative Investment Company, known in Poland as ASI, under which we operate, allows us to flexibly accept capital from various categories of investors. Regardless of whether you are investing as an individual using your personal surplus or allocating free corporate capital, the legal process and the effectiveness of securing a corporate investment note remain exactly the same.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading24\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse24\" aria-expanded=\"true\" aria-controls=\"collapse24\">\n\t\t\t\t\t\t\tDoes KNF supervision mean that my investment in EndoFund is risk-free?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse24\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading24\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>Supervision by the Polish Financial Supervision Authority (KNF) serves to regulate the market, but it should not be equated with a guarantee of profit or capital protection. An entry in the register confirms the legality of the activity and imposes reporting obligations. The supervision is formal and legal in nature \u2014 KNF monitors procedures but does not analyse the profitability of projects or provide protection against business risk. The scope of supervision over a registered ASI manager is limited compared to the supervision of entities operating under a KNF licence.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading25\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse25\" aria-expanded=\"true\" aria-controls=\"collapse25\">\n\t\t\t\t\t\t\tWhat is the difference between an entry in the register of ASI managers and KNF authorisation? \t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse25\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading25\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>In Poland, managers of alternative investment companies, known in Poland as ASIs, may conduct business based either on an entry in the register of ASI managers or on authorisation from the Polish Financial Supervision Authority (KNF).<\/p>\n<p>An entry in the register generally applies when the total value of assets under management does not exceed the equivalent of EUR 100 million. This limit may be raised to EUR 500 million if the managed ASIs do not employ financial leverage and participation rights are redeemable only after a minimum of five years from the date of acquisition. Exceeding the applicable threshold requires KNF authorisation.<\/p>\n<p>An entry in the register confirms the right to operate under the regime applicable to registered ASI managers. However, it is not equivalent to KNF authorisation, and the scope of supervision over a registered entity is more limited compared with the supervision of an authorised manager.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading26\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse26\" aria-expanded=\"true\" aria-controls=\"collapse26\">\n\t\t\t\t\t\t\tWhat does KNF supervision entail for an entity entered in the register of ASI managers (ZASI) within the EndoFund structure?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse26\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading26\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>An entity entered in the register of AIF managers is subject to specific information and reporting obligations vis-\u00e0-vis the Polish Financial Supervision Authority (KNF). Among other things, it submits legally required information regarding the assets under management, investment categories, and the markets in which it operates. Registered AIF managers also file periodic reports in accordance with rules established by the KNF.<\/p>\n<p>However, the scope of this supervision is limited and differs from the supervision exercised over entities operating under a KNF licence. The Authority does not participate in making individual investment decisions, does not approve the transactions being financed, and does not assess the financial health of each hospital or other counterparty. Furthermore, entry in the register does not constitute a guarantee of investment profitability, return of capital, or the proper performance of any specific contract.<\/p>\n<p>The management entity specified in the investment documentation is responsible for analyzing the transactions being financed, assessing risk, selecting counterparties, and determining the security measures employed. Entry in the KNF register signifies operation within the statutory regime for registered AIF managers, but it does not replace the investor&#8217;s own independent risk assessment.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading27\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse27\" aria-expanded=\"true\" aria-controls=\"collapse27\">\n\t\t\t\t\t\t\tHow can I monitor the progress of the investment and the status of my funds during the term of the agreement?\t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse27\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading27\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>At EndoFund, we ensure full transparency throughout the process. You receive complete documentation confirming the conclusion of the agreement, as well as regular statements of generated profits in accordance with the established schedule. A dedicated account manager oversees the smooth running of our partnership and is available for consultation at any stage of the agreement.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading28\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse28\" aria-expanded=\"true\" aria-controls=\"collapse28\">\n\t\t\t\t\t\t\tIs it possible to withdraw invested capital early in the event of unforeseen circumstances? \t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse28\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading28\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>The standard investment cycle at EndoFund is approximately four months, which inherently ensures very high capital liquidity compared to, for instance, real estate investments. While the investment agreement specifies the terms regarding the duration of the partnership, in exceptional and justified unforeseen circumstances, we approach each investor&#8217;s request individually to find solutions tailored to the specific situation.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t<h3 class=\"accordion-header\" id=\"heading29\">\n\t\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse29\" aria-expanded=\"true\" aria-controls=\"collapse29\">\n\t\t\t\t\t\t\tDo economic downturns or high inflation affect the safety of investments in EndoFund? \t\t\t\t\t\t\t<svg id=\"Warstwa_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 400.32 400.32\"><defs><style>.cls-1{fill:#1f488e;}<\/style><\/defs><path class=\"cls-1\" d=\"M200.16,0C89.62,0,0,89.62,0,200.16s89.62,200.16,200.16,200.16,200.16-89.62,200.16-200.16S310.71,0,200.16,0ZM286.42,165.58l-80.56,80.56c-1.57,1.57-3.64,2.36-5.7,2.36s-4.12-.79-5.7-2.36l-80.56-80.56c-3.15-3.15-3.15-8.24,0-11.39,3.15-3.15,8.24-3.15,11.39,0l74.87,74.87,74.87-74.87c3.15-3.15,8.24-3.15,11.39,0,3.15,3.15,3.15,8.24,0,11.39Z\"\/><\/svg>\n\t\t\t\t\t\t<\/button>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"collapse29\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading29\" data-bs-parent=\"#accordion-6a859dda55463\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>The healthcare sector is characterised by high stability; demand for healthcare services remains constant regardless of general economic conditions. By basing our model on receivables for which the ultimate payer is, among others, the National Health Fund (NFZ), we limit the portfolio\u2019s direct exposure to stock market fluctuations and inflationary volatility.<\/p>\n<p>However, it is important to remember that any capital investment carries the risk of losing some or all of the invested funds. While the specific nature of the healthcare market and the legal safeguards in place aim to minimise risk factors, they cannot entirely eliminate the uncertainty inherent in business activity.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t<script type='application\/ld+json'> \n\t\t{\n\t\t\t\"@context\": \"https:\/\/schema.org\",\n\t\t\t\"@type\": \"FAQPage\",\n\t\t\t\"mainEntity\":[\n\n\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Who can become an EndoFund investor?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"Our offering is available to both individual and corporate investors looking to allocate savings or excess capital without the need for active involvement in the investment process. It is suitable for those who value a clear and structured investment model with defined terms.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"What is the investment range at EndoFund?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"The minimum investment amount is PLN 100,000 per agreement. There is no fixed upper limit, and the total investment amount depends on the investor\u2019s individual capital allocation and preferences.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"What is the typical investment term?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"Investment agreements are typically concluded for a period of 4 months, reflecting the settlement cycle of hospitals within the Polish public healthcare system (NFZ). This corresponds to the financing needs of medical companies, while interest is paid during the term and the principal is repaid at maturity.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"How are investment returns taxed?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"The EndoFund investment model assumes that returns (in the form of interest on invested capital) are paid to investors in regular monthly cycles. These payments constitute income. The way they are taxed depends on the investor\u2019s legal status, but they are always subject to applicable tax obligations.\nTaxation for individual investors (natural persons)\nAs an individual investor (a natural person not conducting business activity in this area), you receive interest in gross amounts. This means that EndoFund does not act as a withholding tax agent and does not deduct advance tax payments, unlike in the case of bank deposits.\nThe income received constitutes capital income and is subject to a flat 19% income tax (commonly referred to as \u201ccapital gains tax\u201d).\nIt is your responsibility to declare this income in your annual tax return. In Poland, this should be reported in the PIT-38 form, submitted to the tax office by the end of April of the following year.\n&nbsp;\nTaxation for corporate entities (companies)\nIf the investor is a business entity (e.g. a limited liability company, limited partnership, joint-stock company, or sole proprietorship), the interest received on a monthly basis is treated as income, typically classified as financial or operating income depending on accounting policies.\nThis income is taxed in accordance with the applicable tax regime of the entity.\nIn practice:\n\nCorporate entities (e.g. limited liability companies) are subject to corporate income tax (CIT), typically at 9% or 19%, depending on their status, and report this income in their annual CIT-8 return\nSole proprietors include this income in their personal income tax (PIT), taxed according to their chosen taxation method (progressive scale, flat rate, or lump sum)\n\nImportant notice\nEndoFund does not provide tax advisory services. The above information is of a general nature only. As final tax obligations depend on individual circumstances, tax residency, and the chosen form of taxation, we recommend consulting a qualified tax advisor before making investment decisions.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"How does EndoFund verify medical institutions (hospitals, clinics) before providing financing?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"EndoFund applies a multi-level due diligence process as part of its risk assessment framework. The analysis goes beyond publicly available financial data and includes both financial and operational factors.\nA key element of this approach is the combination of financial expertise and practical experience in the healthcare sector within the team, allowing for a more comprehensive understanding of how medical institutions operate and are financed within the broader healthcare system (NFZ).\nThis enables EndoFund to assess not only financial performance, but also the underlying operational context of each counterparty. In particular, the process distinguishes between temporary liquidity constraints and more structural financial challenges, which are taken into account when evaluating potential transactions.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Investment Firm \u2013 Definition and Role. What Is Such an Entity?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"In a broad legal and market context, an investment firm refers to an entity whose primary area of activity is the professional management of capital entrusted by investors in order to generate a specific rate of return. The main role of such a company is to connect private or institutional capital with market investment opportunities while actively managing risk.\nAt EndoFund, we put this definition into practice \u2014 we are a specialized investment firm operating as an Alternative Investment Company (ASI). What distinguishes our business from traditional brokerage houses or open-end investment funds includes:\n\nNarrow specialization \u2013 we focus exclusively on the medical sector, specifically on financing the purchase of medical equipment and technologies (reverse factoring).\nReal assets \u2013 unlike firms investing in derivatives or publicly traded shares, EndoFund allocates capital to tangible, real-world assets (medical equipment) and verified receivables based on contracts with the Polish National Health Fund (NFZ).\nSecurity and regulatory oversight \u2013 as an entity entered in the register of ASI Managers maintained by the Polish Financial Supervision Authority (KNF), we operate within a strictly regulated legal framework, ensuring transparency and professional management for investors.\n\nIn the EndoFund model, the definition of an investment firm therefore evolves toward expert partnership. We do not merely allocate capital \u2014 thanks to our unique expertise in both medicine and finance, we actively support the development of the Polish healthcare system while offering Investors stable, passive income based on solid economic foundations.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Short-term investments \u2013 what are they?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"Short-term investments are instruments that typically involve highly liquid assets with an investment horizon of up to 12 months. Their primary objective is to allocate capital efficiently while maintaining relatively quick access to liquidity. This category traditionally includes instruments such as bank deposits, treasury bills, and factoring.\nAt EndoFund, this model is implemented through medical factoring. The investment approach is based on financing transactions related to medical equipment within relatively short cycles (typically 90\u2013120 days). For investors, this means a defined investment horizon, with interest paid on a regular basis and principal repaid at the end of the term, in accordance with the agreement.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Why may the EndoFund investment model be attractive to investors?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"The EndoFund model is based on financing transactions within the healthcare sector, including contracts linked to the Polish public healthcare system (NFZ). The sector is generally characterised by stable demand for medical services and equipment, supported by long-term demographic trends.\nThese factors may contribute to the overall structure of the investment model and its risk-return profile.\nKey elements of the model include:\n\nPublic sector exposure \u2013 financed receivables are linked to contracts within the Polish public healthcare system, which influences the structure of cash flows\nSector characteristics \u2013 the healthcare sector operates with relatively stable demand compared to more cyclical industries\nDefined payment structure \u2013 interest is paid periodically, with principal repaid at the end of the investment term, in accordance with the agreement\nRegulatory framework \u2013 EndoFund S.A. holds 100% of shares in Phoenix Global Innovations ASI S.A., an entity entered in the register of Alternative Investment Company managers maintained by the Polish Financial Supervision Authority (KNF), and operates within an established regulatory environment\n\nIn practice, this model provides investors with access to a structured investment approach that does not require active portfolio management.\nHowever, all financial investments involve risk. Investors should carefully review the characteristics of the product and assess their individual risk tolerance before making an investment decision.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"What is portfolio diversification?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"Portfolio diversification is an investment strategy that involves allocating capital across different asset classes in order to reduce overall risk. Rather than concentrating funds in a single instrument (e.g. equities or real estate), investors build a portfolio composed of assets that may respond differently to changes in economic conditions. The main objective of this approach is to reduce exposure to market volatility.\nEffective diversification is typically based on assets with low correlation. This means selecting sectors and instruments that may perform differently under various market conditions.\nCertain investment strategies, including those linked to the healthcare sector, may form part of a diversified portfolio approach.\nAs with all investments, risk cannot be eliminated. Investors should carefully assess the characteristics of each investment and their own risk tolerance before making a decision.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Does investing in EndoFund require ongoing market monitoring or active portfolio management?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"No. The EndoFund investment model is structured as a non-discretionary, low-maintenance investment arrangement that does not require ongoing market monitoring or active portfolio management.\nAfter entering into an agreement, the investment follows a predefined structure, with interest paid according to the agreed schedule and principal repaid at maturity.\nThis approach is designed for investors who prefer a structured investment process that does not involve day-to-day management or continuous analysis of financial markets.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"How and when will I receive returns and repayment of capital?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"The EndoFund investment model is designed to provide a structured cash flow schedule and a defined investment term.\nUnlike many traditional investment products, it does not require long-term capital commitment, as the timing of payments is defined in the agreement.\nThe process consists of two components:\n\nMonthly interest payments: Interest generated on the invested capital is paid on a monthly basis to the investor\u2019s designated bank account, in accordance with the schedule set out in the agreement. This provides periodic cash flows during the investment term.\nCapital repayment: The full principal amount is repaid at the end of the investment cycle, which typically lasts approximately 4 months. The exact maturity date is specified in the agreement. Repayment timing is linked to the settlement of underlying receivables within the Polish public healthcare system (NFZ).\n\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Do I need to withdraw funds after the investment cycle, or can I continue investing?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"The EndoFund model is designed with flexibility in mind, allowing investors to decide how they wish to proceed after each investment term.\nAlthough investments are structured as short-term agreements, this does not require ending the relationship after each cycle.\nAfter the standard 4-month term, investors typically have two options:\n\nCapital withdrawal: You may choose to end the investment and receive the full principal amount together with the final interest payment, in accordance with the agreement.\nRenewal of the agreement: Alternatively, you may extend the investment for another term (typically another 4 months). The renewal process is carried out in accordance with the procedures set out in the agreement and requires prior notice before the end of the current term. This structure allows investors to either exit the investment or continue participation in subsequent cycles, depending on their individual preferences.\n\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"What happens if a medical institution delays payment of a financed invoice?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"The EndoFund investment model is structured around receivables linked to contracts within the Polish public healthcare system. Payments are ultimately related to settlements with the public healthcare payer.\nIn the event of delays in underlying payments, receivables management and collection processes are handled by EndoFund as the investment manager.\nThe investment structure is based on a diversified portfolio of transactions across multiple counterparties, which helps manage exposure to individual payment delays.\nInvestors are not involved in any collection or recovery processes, which are fully managed by EndoFund in accordance with the terms of the investment agreement.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Where to invest to potentially generate returns \u2013 healthcare sector or real estate?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"The choice of investment depends on individual objectives, risk tolerance, and investment horizon.\nThe EndoFund model represents a short-term investment approach based on financing transactions within the healthcare sector. In comparison to real estate investments, it differs in several structural aspects:\n\nCapital commitment \u2013 real estate investments typically involve longer holding periods, while EndoFund structures are based on short investment cycles (approximately 4 months), with the possibility of renewal\nOperational involvement \u2013 real estate investments often require active management, whereas the EndoFund model is structured as a non-active investment arrangement for investors\nIncome structure \u2013 rental income from real estate depends on occupancy and tenant performance, while the EndoFund model provides scheduled interest payments in accordance with the agreement\nMarket exposure \u2013 real estate values are influenced by broader market conditions, while the EndoFund model is based on contractual cash flows within the healthcare sector\n\nComparison overview\n\n\n\nFeature\nReal estate investment\nEndoFund (healthcare financing model)\n\n\n\n\nCapital liquidity\nTypically lower, longer holding periods\nShort-term cycles (approx. 4 months) with renewal option\n\n\nOperational involvement\nHigher, includes property management\nNo active management required by investor\n\n\nIncome structure\nRental income dependent on occupancy and tenants\nScheduled interest payments based on agreement terms\n\n\nMarket exposure\nInfluenced by property market cycles\nBased on contractual healthcare-related cash flows\n\n\n\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Is an Investment Firm the Same as an Investment Vehicle?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"No, these are two different \u2014 although closely connected \u2014 elements of the investment process. Put simply: an investment firm is the \u201cmanager\u201d (the experts and the organization), while an investment vehicle is the \u201clegal structure\u201d (the place where your capital operates).\nDefinitions and Key Differences\nInvestment firm (managing entity):\nA professional institution with substantive expertise, a team of analysts, and the required regulatory registrations. Its role is to identify market opportunities, assess risk, and operationally manage investments.\nInvestment vehicle (capital structure):\nA specific legal structure (e.g., a company or fund) established by the investment firm in order to collect capital from investors and execute a defined strategy. The vehicle provides the legal framework for capital protection and tax settlement.\n\n\n\nInvestment Firm\nInvestment Vehicle\n\n\n\n\nPurpose: Making decisions and managing investments\nPurpose: Holding assets and investor capital\n\n\nFoundation: Team of experts and regulatory licenses\nFoundation: Company statutes and legal regulations\n\n\nRole: System operator\nRole: Tool used to achieve the investment objective\n\n\n\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"The Most Popular Types of Investment Vehicles\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"Depending on their strategy, investment firms use different structures:\n\nASI (Alternative Investment Company): a flexible investment vehicle dedicated to stable, niche sectors such as the medical market.\nSPV (Special Purpose Vehicle): a structure typically established to execute one specific project (e.g., the construction of an office building).\nClosed-End Investment Fund (FIZ): a more formalized vehicle, commonly used in the stock market or real estate sectors.\n\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"What Is EndoFund\u2019s Investment Vehicle?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"Within our structure, the division of roles is clear and transparent, which constitutes one of the key pillars of security:\n\nThe investment firm (manager) is EndoFund S.A.\nThis joint-stock company is registered with the Polish Financial Supervision Authority (KNF) and is responsible for verifying medical facilities and managing the financing process.\nThe investment vehicle is the Alternative Investment Company (ASI) Phoenix Global Innovations S.A.\nIt is within this structure that your capital operates, financing real medical equipment and services whose repayment is based on stable contracts with the Polish National Healthcare System (NFZ).\n\nThis separation gives the investment process the highest level of professionalism \u2014 investor capital is separated from the operational structure of the manager, while the entire process remains subject to institutional oversight. However, it should be remembered that every financial investment involves risk and uncertainty regarding returns, which is why investors should carefully assess their own risk tolerance before making any investment decisions.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"What is the process for starting a partnership and signing an agreement with EndoFund?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"We&#8217;ve simplified the entire formal process to the essential steps.\n\nConsultation meeting \u2013 during the conversation, we answer your questions and concerns and determine the parameters of your investment (including the capital amount and the profit it will generate over a specified timeframe).\nDocumentation verification \u2013 we provide you with a full package of documents, including a personalized investment agreement template and the investment promissory note securing it.\nDocument signing \u2013 the agreement is finalized and the investment promissory note is signed in person, in the presence of a notary. This guarantees that the documentation has unquestionable legal validity and that the entire process meets the highest standards of institutional capital protection.\nCapital activation \u2013 once the payment is received, your funds immediately begin working within the selected factoring cycle, and you gain access to current information on the investment status.\n\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"What is the difference between passive and active investing? \",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"The main difference between these two models is the amount of time and energy you have to devote to managing your money.\nActive investing (e.g., independently purchasing stocks or cryptocurrencies, or managing a short-term rental apartment) requires constant monitoring of economic news, analyzing charts, or personal involvement in operational issues. This involves significant stress and the risk of making emotionally-driven decisions.\nPassive investing (e.g., through professional investment vehicles or funds) involves entrusting your capital to experts who implement a pre-defined strategy.\nFor people who work intensively in their profession (e.g., doctors, managers) or run their own business, the passive model is usually much more suitable. It allows you to generate predictable returns without having to sacrifice your free time and without the burden of daily market volatility.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Can short-term investments protect capital from inflation?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"Inflation systematically erodes the purchasing power of cash left in non-interest-bearing accounts or low-interest bank deposits. One way to protect capital is to invest it in instruments whose rate of return exceeds inflation and whose holding period is optimally short.\nShort-term investments offer two key advantages in this context:\n\nrapid response to market changes \u2013 you don&#8217;t tie up your capital for several years. If interest rates or market conditions change, you regain full liquidity after a few months and can move your funds where they work most effectively;\nthe compounding effect \u2013 regularly completing short investment cycles allows for immediate reinvestment of earned profits along with the initial capital. This means that in the next cycle, the profit is calculated on a higher amount, significantly accelerating the pace of savings growth.\n\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"How is my funds actually secured?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"Every investment in EndoFund is secured by a corporate investment promissory note. This is one of the most effective tools for protecting investor interests under Polish law. A promissory note is a security that, in the event of any repayment problems, allows for much faster and simpler legal redress than a standard civil law contract.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Who is responsible for returning my capital, and how is the promissory note secured?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"The promissory note is issued by EndoFund S.A., which means that we are responsible for returning your capital with all of the company\u2019s assets. This guarantee is effectively backed by the fund\u2019s asset portfolio, which consists of stable receivables \u2014 receivables from invoices \u2014 in the medical sector, where the ultimate payer is the National Health Fund.\nBy combining the stability of the public sector (NFZ) with the rigorous legal instrument of a promissory note, the investor gains a stable portfolio free from market volatility and speculative risk. However, it is important to remember that every financial investment carries the risk of losing some or all of your capital, so you should carefully assess your risk tolerance before making a decision.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Is investing in EndoFund through ASI available to individuals or only to companies?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"Our offer is fully available to both individuals\/natural persons and business entities, such as limited liability companies, civil law partnerships, and sole proprietorships.\nThe legal structure of the Alternative Investment Company, known in Poland as ASI, under which we operate, allows us to flexibly accept capital from various categories of investors. Regardless of whether you are investing as an individual using your personal surplus or allocating free corporate capital, the legal process and the effectiveness of securing a corporate investment note remain exactly the same.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Does KNF supervision mean that my investment in EndoFund is risk-free?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"Supervision by the Polish Financial Supervision Authority (KNF) serves to regulate the market, but it should not be equated with a guarantee of profit or capital protection. An entry in the register confirms the legality of the activity and imposes reporting obligations. The supervision is formal and legal in nature \u2014 KNF monitors procedures but does not analyse the profitability of projects or provide protection against business risk. The scope of supervision over a registered ASI manager is limited compared to the supervision of entities operating under a KNF licence.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"What is the difference between an entry in the register of ASI managers and KNF authorisation? \",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"In Poland, managers of alternative investment companies, known in Poland as ASIs, may conduct business based either on an entry in the register of ASI managers or on authorisation from the Polish Financial Supervision Authority (KNF).\nAn entry in the register generally applies when the total value of assets under management does not exceed the equivalent of EUR 100 million. This limit may be raised to EUR 500 million if the managed ASIs do not employ financial leverage and participation rights are redeemable only after a minimum of five years from the date of acquisition. Exceeding the applicable threshold requires KNF authorisation.\nAn entry in the register confirms the right to operate under the regime applicable to registered ASI managers. However, it is not equivalent to KNF authorisation, and the scope of supervision over a registered entity is more limited compared with the supervision of an authorised manager.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"What does KNF supervision entail for an entity entered in the register of ASI managers (ZASI) within the EndoFund structure?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"An entity entered in the register of AIF managers is subject to specific information and reporting obligations vis-\u00e0-vis the Polish Financial Supervision Authority (KNF). Among other things, it submits legally required information regarding the assets under management, investment categories, and the markets in which it operates. Registered AIF managers also file periodic reports in accordance with rules established by the KNF.\nHowever, the scope of this supervision is limited and differs from the supervision exercised over entities operating under a KNF licence. The Authority does not participate in making individual investment decisions, does not approve the transactions being financed, and does not assess the financial health of each hospital or other counterparty. Furthermore, entry in the register does not constitute a guarantee of investment profitability, return of capital, or the proper performance of any specific contract.\nThe management entity specified in the investment documentation is responsible for analyzing the transactions being financed, assessing risk, selecting counterparties, and determining the security measures employed. Entry in the KNF register signifies operation within the statutory regime for registered AIF managers, but it does not replace the investor&#8217;s own independent risk assessment.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"How can I monitor the progress of the investment and the status of my funds during the term of the agreement?\",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"At EndoFund, we ensure full transparency throughout the process. You receive complete documentation confirming the conclusion of the agreement, as well as regular statements of generated profits in accordance with the established schedule. A dedicated account manager oversees the smooth running of our partnership and is available for consultation at any stage of the agreement.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Is it possible to withdraw invested capital early in the event of unforeseen circumstances? \",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"The standard investment cycle at EndoFund is approximately four months, which inherently ensures very high capital liquidity compared to, for instance, real estate investments. While the investment agreement specifies the terms regarding the duration of the partnership, in exceptional and justified unforeseen circumstances, we approach each investor&#8217;s request individually to find solutions tailored to the specific situation.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t} , \n\t\t\t\t\t\t\t\t\t\t{\n\t\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\t\"name\": \"Do economic downturns or high inflation affect the safety of investments in EndoFund? \",\n\t\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\t\"text\": \"The healthcare sector is characterised by high stability; demand for healthcare services remains constant regardless of general economic conditions. By basing our model on receivables for which the ultimate payer is, among others, the National Health Fund (NFZ), we limit the portfolio\u2019s direct exposure to stock market fluctuations and inflationary volatility.\nHowever, it is important to remember that any capital investment carries the risk of losing some or all of the invested funds. While the specific nature of the healthcare market and the legal safeguards in place aim to minimise risk factors, they cannot entirely eliminate the uncertainty inherent in business activity.\n\"\n\t\t\t\t\t\t}\n\t\t\t\t\t}  \n\t\t\t\t\t\t\t\t]\n\t\t}\n\t\t<\/script>\n\t\t\n\t<style type=\"text\/css\">\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b {\n\t\t\tmargin: 0;\n\t\t\ttext-align: center;\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .header-content {\n\t\t\tmargin-bottom: var(--margin);\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b h2 {\n\t\t\twidth: 100%;\n\t\t\ttext-align: center;\n\t\t\tfont-size: 3rem!important;\n\t\t\tfont-weight: 600;\n\t\t\tline-height: 1.116em;\n\t\t\tmargin: 0 auto 16px auto;\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .faq-description {\n\t\t\tmargin: 0 auto 16px auto;\n\t\t\ttext-align: center;\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .accordion .accordion-item {\n\t\t\tborder-radius: 12px;\n\t\t\tborder: none;\n\t\t\tbackground: var(--color-neutral-100);\n\t\t\tmargin-bottom: 20px;\n\t\t\tmargin-left: auto;\t\n\t\t\tmargin-right: auto;\n\t\t\ttransition: all 0.3s ease;\n\t\t\tmax-width: 900px;\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .accordion .accordion-item:hover {\n\t\t\ttransform: scale3d(.98, .98, 1.01);\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .accordion .accordion-item .accordion-header {\n\t\t\tborder: none!important;\n\t\t\tmargin-bottom: 0!important;\n\t\t\tmax-width: 100%!important;\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .accordion .accordion-item .accordion-button {\n\t\t\tbox-shadow: none;\n\t\t\tpadding: 20px 30px;\n\t\t\tfont-size: 1.375rem;\n\t\t\tline-height: 1.7rem;\n\t\t\tfont-weight: 600;\n\t\t\tbackground-color: var(--color-neutral-100);\n\t\t\tcolor: var(--color-headings);\n\t\t\tborder: none;\n\t\t\tborder-radius: 12px;\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .accordion .accordion-item .accordion-button:not(.collapsed) {\n\t\t\tcolor: var(--color-headings);\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .accordion .accordion-item .accordion-button svg {\n\t\t\twidth: 40px;\n\t\t\theight: 40px;\n\t\t\tmargin-left: auto;\n\t\t\ttransition: all 1s ease;\n\t\t\tflex-shrink: 0;\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .accordion .accordion-item .accordion-button:not(.collapsed) svg {\n\t\t\ttransform: rotate(180deg);\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .accordion .accordion-item .accordion-button:not(.collapsed) svg path {\n\t\t\tfill: var(--color-headings);\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .accordion .accordion-item .accordion-button::after {\n\t\t\tdisplay: none;\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .accordion .accordion-item .accordion-body {\n\t\t\tpadding: 0 30px 30px 30px;\n\t\t\ttext-align: left;\n\t\t\tfont-size: 1rem;\n\t\t\tcolor: #000;\n\t\t\tborder: none;\n\t\t\tborder-radius: 12px;\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .accordion .accordion-item .accordion-body p {\n\t\t\tmax-width: 100%!important;\n\t\t}\n\n\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .accordion .accordion-item .accordion-body p:last-child {\n\t\t\tmargin-bottom: 0;\n\t\t}\n\n\t\t@media only screen and (max-width: 990px) {\n\t\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .header-content {\n\t\t\t\tpadding-bottom: 120px;\n\t\t\t}\n\t\t}\n\n\t\t@media screen and (min-width: 1600px) {\n\t\t\t#faq-block_05f6d770fa3b9b48af01432c9057a54b .accordion {\n\t\t\t\tmax-width: 85%;\n\t\t\t\tmargin-left: auto;\n\t\t\t\tmargin-right: auto;\n\t\t\t}\n\t\t}\n\n\t<\/style>\n<\/div>\n<\/div><\/div>\n\n\n\n<div id=\"cta-block_4157573de70a4bcc9d78c0256eaabff9\" class=\"cta container-fluid\">\n\n\t<div class=\"container\">\n\t\t<div class=\"row content-container\">\n\t\t\t<div class=\"col-lg-12\">\n\t\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-lg-12\">\n\t\t\t\t\t\t\t\t<div class=\"h2\">Build a consistent income stream with EndoFund<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-lg-12 cta-content\">\n\t\t\t\t\t\t\t\t<p style=\"text-align: center;\">For years, we have been helping medical companies and investors align their goals within a structured investment model. If you are looking for an efficient way to allocate your capital, learn more about cooperation with EndoFund<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t<div class=\"cta-link col-lg-12\">\n\t\t\t\t\t<a class=\"btn btn-primary\" title=\"Let\u2019s discuss working together\" href=\"https:\/\/endofund.pl\/en\/contact-us\/\" target=\"_self\">\n\t\t\t\t\t\tLet\u2019s discuss working together\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t<\/div>\n\t<\/div>\n\n\t<style type=\"text\/css\">\n\n\t\t#cta-block_4157573de70a4bcc9d78c0256eaabff9 {\n\t\t\tpadding: 0;\n\t\t\tmargin-top: 0;\n\t\t\tmargin-bottom: var(--margin-big);\n\t\t}\n\n\t\t#cta-block_4157573de70a4bcc9d78c0256eaabff9 .content-container {\n\t\t\tpadding: 100px 20px;\n\t\t\tbackground-color: var(--color1);\n\t\t\tcolor: var(--color-neutral-100);\n\t\t }\n\n\t\t#cta-block_4157573de70a4bcc9d78c0256eaabff9 .h2 {\n\t\t\tdisplay: block;\n\t\t\twidth: 100%;\n\t\t\tcolor: var(--color-neutral-100)!important;\n\t\t\tmargin: 0 auto 30px auto!important;\n\t\t\ttext-align: center;\n\t\t}\n\n\t\t#cta-block_4157573de70a4bcc9d78c0256eaabff9 .cta-content p {\n\t\t\tfont-size: 1rem;\n\t\t\tline-height: 1.5rem!important;\n\t\t\tfont-weight: 400;\n\t\t\tmargin-bottom: 0;\n\t\t}\n\n\t\t#cta-block_4157573de70a4bcc9d78c0256eaabff9 .cta-link {\n\t\t\tdisplay: flex;\n\t\t\tflex-direction: row;\n\t\t\tflex-wrap: nowrap;\n\t\t\tjustify-content: center;\n\t\t\talign-items: center;\n\t\t}\n\n\n\t\t@media only screen and (max-width: 990px) {\n\t\t\t#cta-block_4157573de70a4bcc9d78c0256eaabff9 {\n\t\t\t\ttext-align: center;\n\t\t\t}\n\n\t\t\t#cta-block_4157573de70a4bcc9d78c0256eaabff9 .h2 {\n\t\t\t\tmargin-bottom: var(--margin)!important;\n\t\t\t\ttext-align: center!important;\n\t\t\t}\n\n\t\t\t#cta-block_4157573de70a4bcc9d78c0256eaabff9 .cta-link {\n\t\t\t\tmargin-top: var(--margin);\n\t\t\t}\n\t\t}\n\n\t<\/style>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"\n<p><a class=\"btn btn-accent\" href=\"https:\/\/endofund.pl\/en\/faq\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/fullwidthpage.php","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-8806","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/endofund.pl\/en\/wp-json\/wp\/v2\/pages\/8806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/endofund.pl\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/endofund.pl\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/endofund.pl\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/endofund.pl\/en\/wp-json\/wp\/v2\/comments?post=8806"}],"version-history":[{"count":10,"href":"https:\/\/endofund.pl\/en\/wp-json\/wp\/v2\/pages\/8806\/revisions"}],"predecessor-version":[{"id":8888,"href":"https:\/\/endofund.pl\/en\/wp-json\/wp\/v2\/pages\/8806\/revisions\/8888"}],"wp:attachment":[{"href":"https:\/\/endofund.pl\/en\/wp-json\/wp\/v2\/media?parent=8806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}