RHAPSODY II

Established in 2022.

Subfund of APS CREDIT FUND SICAV, a commingled regulated fund domiciled in Czech Republic. Rhapsody II raised more than EUR 27,6 million.

Currently invested in 13 portfolios. We are also near the closing of 4 portfolios. out of which 2 are in Romania, 1 in Montenegro and 1 in Cyprus. Investments are currently held in seven countries, diversifying the Rhapsody 2 investments through new markets, Poland, Greece, and Romania as an example. The largest volume of portfolios is in Poland, Hungary, Greece, Romania and Croatia. Specifically, in Poland, Rhapsody II invested in a retail-secured portfolio, and in Romania, in corporate-secured and retail-unsecured portfolios.

An expected overall net multiple is 1,5.

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Performance Graph

* Investment horizon: 3 years after the end of capital raising, with the possibility of 2 one-year extensions.

Investment by countries

Investment by portfolio type

Investment Overview

Investment VehicleInvestment shares
Fund Base CurrencyCZK
Fund AdministratorQI investiční společnost, a.s.
RegulatorCzech National Bank
DepositaryUniCredit Bank, a.s.
AuditorECOVIS blf s.r.o.
Target MarketsCEE & SEE1
Asset ClassAlternative assets (NPLs & RE) 2
Investment Period3 years after the end of capital raising
Investment Horizon3 years plus 2 one-year extensions
First EntrySeptember 2022 – December 2022
Target Return12-15% p.a. (net of fees)
ValuationAnnual

Fund’s Projects

Secured Projects8
Unsecured Projects4
Mixed Projects1
Nominal Value of the Projects in mil. EUR66,93
1 CEE & SEE: Romania, Bulgaria, Greece, Cyprus, Hungary, Serbia, Croatia, Slovenia, Czech Republic, Poland, Slovakia, Bosnia and Herzegovina
2 NPLs & RE: Non-performing loans and Real Estate
3 The total nominal value of the projects equal to the % share, which is owned by subfund RHAPSODY II