Cash Flow Finance (Luxury)


Fund Portrait
Due to tightening capital restrictions, commercial banks are leaving the middle market segment for high-end diamond and jewelry companies. The DELGATTO Diamond Finance Fund (DDFF) is uniquely positioned to enter and fill this lending gap and offers next to the Cayman structure a Liechtenstein feeder under the OF Sicav umbrella. DDFF is an institutional specialty finance firm, entirely focused on extending fully collateralized loans to the midstream diamond industry, which is defined as the 15,000 companies including wholesalers, cutters, among other participants. The Fund issues loans to the luxury sector by taking hard assets as security. The LTV is between 50-75% of the liquidation price for the assets. The assets are stored and secured with Ferrari Express Inc., one of the biggest third-party vault providers in the world. Once the loan has been reimbursed, the goods are released and returned to the loan customer. The Fund targets a return of 7% + p.a. Duration of the loans is 3-6 months. With monthly liquidity on 90 days notice, the fund's liquidity terms match the asset profile.

INVESTMENT MANAGER | Accuro Fund Solutions AG |
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TYPE STRUCTURE | Liechtenstein SICAV- AIF |
DOMICILE | Liechtenstein |
LAUNCH DATE | June, 2020 |
DISTRIBUTOR SWITZERLAND | OpenFunds Investment Services AG (Switzerland) |
AUDITOR | PricewaterhouseCoopers AG |
CUSTODIAN | Liechtensteinische Landesbank AG |
REGULATOR | Finanzmarktaufsicht Liechtenstein (FMA) |
PAYING AGENT SWISS | OpenFunds Investment Services AG |
GEOGRAPHY | Primarily US |
STRATEGY | Direct Lending/Trade Finance |
SHARE CLASSES | Institutional and Participating |
CURRENCY | USD, EUR, CHF |
INITIAL CHARGES | 0% |
MINIMUM SUBSCRIPTION | Institutional share class: 100,000 USD / Participating share class: 25,000 CHF/USD/EUR |
LIQUIDITY | Monthly |
MANAGEMENT FEE | Institutional share class: 0.75% p.a. / Participating share class: 1.25% p.a. |
PERFORMANCE FEE | no performance fee |
FUND SIZE | USD 4.9 m |
MANAGER TRACK RECORD | Active in the sector since 1995 |
ISIN | Please refer to the factsheets |
BLOOMBERG CODE | Please refer to the factsheets |