Investment Objectives:
The fund intends to target investment in high yield income opportunities. This will primarily be through seeking issuances corporate issuances by companies who are in need of funding to grow their business. The fund has no geographic or industry focus. The fund will typically took for investments with a five year investment horizon but will also enter into investments with a shorter timeline. The fund will also seek to invest in debt type instruments that have an equity component such as attached warrants or convertibility. This will be done so as to achieve higher returns for the fund.
Investment Strategy:
Investee companies must be able to demonstrate the capability to realize a business model that can be realistically expected to achieve target returns of at least 50% per year. In recognition that a significant proportion of venture investments fail to achieve their target realizations this should be tempered by an internal benchmark for the fund to achieve an average return of at least 15% per year. Above that the managers will consider themselves to have achieved their target return benchmark. Below that, they will not. There is no guarantee of achievement of either individual company target returns or overall fund returns and past performance is no guarantee of the future. It is anticipated that the full fund value will be realized within 5 years and that the first distributions will take at least 2 years. It is entirely possible that the earliest or latest realizations may, however, fall outside these expectations.
Ideal Investors:
The fund is best suited for investors with a five year time horizon that are prepared to take above average investment risk.
Share initial offer price:
Participating Shares are initially being offered at USD1 per share, and thereafter on Investment Dealing Days at a price equal to the Net Asset Value (“NAV”) per Share.
Intended Exposures:
0% to 100% - Cash
0% to 20% - Listed and Unlisted Equities
0% to 100% - Fixed Income (including; but not limited to, debentures, negotiable certificates of deposit, debt instrument s, loan agreements and preference stock)