What's New In Investments, Funds? - CoAssets International

Editorial Staff

30 July 2018

CoAssets International
, the Singapore based subsidiary of fintech platform CoAssets Limited, has launched the CoAssets Stirling Fort Absolute Return Fund.

The fund will undertake collateralised lending and it aims to grow the asset under management (AUM) to S$100 million ($73.5 million) over the next five years.

The launch of the CASFAR Fund will give investors a way to invest in the regional small and medium enterprise lending space. As the fund principally engages in SME bridging loans, the loan tenures will generally be less than 12 months and fund performance is unlikely to be affected by the equities or interest rate markets.

The bulk of the portfolio will be made up of loans to SMEs that are able to pledge hard assets while the rest of the portfolio will be made up of loans to SMEs that allow the fund to hold a charge over their shares, earnings, or contract receivables.

Singapore based Stirling Fort Capital (Stirling), a multi-family office, has been appointed fund manager.

Stirling will assist CoAssets in the set up and operations of the fund by proving the fund management services.