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OUR FUNDS

Summary of funds

Existing Funds

Fund

Structured Trade Finance

Impact Finance

Shanta Commodity

Fund Size (June 2017)

USD 570 million

USD 10 million

USD 13 million

Fund Category

Alternative Credit

Alternative Credit.
Impact Focus.

Alternative Commodities Relative
& Directional Trading

Investment Universe

African SME’s with a noninvestment
grade rating

African SME’s with a noninvestment
grade rating

Agricultural Exchange Traded
Derivatives

Underlying Investments

Short Term
Trade Finance Assets

Short Term. Trade Finance Assets Supportive
of Impact and Developmental Programs

Agricultural Exchange Traded
Derivatives

Investment Tenor

190 days

150 days

30 days

Redemptions

90 days

90 days

30 days

Net Target Returns

9-10%

7-9%

10%

Benchmark

LIBOR 3M with look-back to 0% once LIBOR is breached

LIBOR 3M with look-back to 0% once LIBOR is breached

LIBOR 12M with look-back to 0% once LIBOR is breached

Minimum Investment

USD 100,000

USD 100,000

USD 100,000

Management Fee

2%

2%

2%

Performance Fee

20%

20%

20%

Fund Domicile

Cayman Islands

Cayman Islands

Cayman Islands

Investment Manager

Barak Fund Management Limited

Barak Fund Management Limited

Barak Fund Management Limited

Investment Advisor

Riparian Advisory (Pty) Ltd

Riparian Advisory (Pty) Ltd

Riparian Advisory (Pty) Ltd

Auditor

PwC

PwC

PwC

Legal Advisor

Werksmans

Werksmans

Werksmans

Administrator

Maitland Group

Maitland Group

Maitland Group

Prime Broker

N/A

N/A

Macquarie Bank Limited

New Funds

Fund

Mikopo Structured Credit

Asha Impact Finance

Sharia Trade Finance Fund

Fund Size (June 2017)

USD 40 million
First Target:
USD 50 million Equity
USD 125 million Debt

First Target:
USD 60 million
Second Target:
USD 250 million

First Target:
USD 50 million
Second Target:
USD 150 million

Fund Category

Alternative Credit
Development Focus

Impact Mezzanine Fund

Alternative Credit
Shariah-compliant

Investment Universe

African SME’s
Non-investment grade

African SME’s
Non-investment grade

African SME’s
Non-Investment grade rating

Underlying Investments

Short Term Trade Finance and Medium Term Working Capital, Debt and Equity

Movable and immovable fixed assets, working capital and development finance, secured

Short Term Trade Finance Assets

Investment Tenor

1-3 years

7-10 years

150 Days

Redemptions

3-Year lock-in period from subscription date

7 years lock in with up to two successive one year extension periods

90 days Calendar Quarterly

Net Target Returns

4-7% Debt 12-14% Equity

12% – 16% p.a

9-10%

Benchmark

LIBOR 12M with look-back to 0% once LIBOR is breached

6%

LIBOR 3M with look-back to 0% once LIBOR is breached

Minimum Investment

USD 1 million

USD 1 million

USD 100,000

Management Fee

2%

2% p.a.

2%

Performance Fee

20%

20% p.a.

20%

Fund Domicile

Cayman Islands

Cayman Islands

Cayman Islands

Investment Manager

Barak Fund Management Limited

Barak Fund Management Limited

Barak Fund Management Limited

Investment Advisor

Riparian Advisory (Pty) Ltd

Riparian Advisory (Pty) Ltd

Riparian Advisory (Pty) Ltd

Auditor

PwC

PwC

PwC

Legal Advisor

Werksmans & Hogan Lovells

Werksmans & Hogan Lovells

Werksmans

Administrator

Maitland Group

Maitland Group

Maitland Group

Prime Broker

N/A

N/A

N/A