Fund 1
A single, regulated vehicle.
Fund 1 is a Cayman SPV that acquires and holds a portfolio of elite show jumping horses. Investors subscribe for tokenised units representing a proportional interest in the underlying portfolio.
Fund facts
- Fund name
- Stable Yield Fund 1
- Vehicle
- Cayman Islands SPV
- Regulator
- Cayman Islands Monetary Authority (CIMA)
- Base currency
- EUR
- Target AUM
- €50,000,000
- Term
- 5 years, with optional 1-year extension
- Minimum subscription
- €100,000
- Investor eligibility
- Institutional and sophisticated investors
Fee schedule
| Fee | Rate | Basis |
|---|---|---|
| Allocation fee | 2.00% | One-off, charged on subscription |
| Management fee | 2.00% | Per annum, on net asset value |
| Performance fee | 20.00% | On realised gains, above a high-water mark |
| Secondary transfer fee | 1.00% | On peer-to-peer token transfers |
Full commercial and legal terms are set out in the fund's Confidential Private Placement Memorandum and subscription documents, which are available to qualifying investors on request.