Cash Flow Finance (Luxury)

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Fund Portrait

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 max. 12 months. The strategy is suitable for medium/long-term investors looking for positive consistent performance.

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TYPE STRUCTURECayman Islands (OEIC), Open-Ended
DOMICILECayman Island
LAUNCH DATEDecember 2018
MANAGERDelgatto Capital Group, LLC
DISTRIBUTOR SWITZERLANDOpenFunds Investment Services AG (Switzerland)
AUDITORCohn Reznick
CUSTODIANDGA Security
REGULATORCayman Islands Monetary Authority (CIMA)
PAYING AGENT SWISSSocietà Bancaria Ticinese SA (Switzerland)
GEOGRAPHYPrimarily US
SECTORDirect Lending/Trade Finance
SHARE CLASSESInstitutional
CURRENCYUSD
INITIAL CHARGES0%
SUBSCRIPTIONSMonthly
LIQUIDITYMonthly with 90 days' notice
MANAGEMENT FEE2%
PERFORMANCE FEE20%
FUND SIZEUSD 80 m
MANAGER TRACK RECORDAvailable upon request
ISINKYG2703W1087