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.
Performance Graph
* Investment horizon: 3 years after the end of capital raising, with the possibility of 2 one-year extensions.
Investment by Country
Investment by Portfolio Type
Investment Overview
| Investment Vehicle | Investment shares |
| Fund Base Currency | CZK |
| Fund Administrator | QI investiční společnost, a.s. |
| Regulator | Czech National Bank |
| Depositary | UniCredit Bank, a.s. |
| Auditor | ECOVIS blf s.r.o. |
| Target Markets | CEE & SEE1 |
| Asset Class | Alternative assets (NPLs & RE) 2 |
| Investment Period | 3 years after the end of capital raising |
| Investment Horizon | 3 years plus 2 one-year extensions |
| First Entry | September 2022 – December 2022 |
| Target Return | 12-15% p.a. (net of fees) |
| Valuation | Annual |
Fund’s Projects
| Secured Projects | 8 |
| Unsecured Projects | 4 |
| Mixed Projects | 1 |
| Nominal Value of the Projects in mil. EUR | 66,93 |
1 CEE & SEE: Romania, Bulgaria, Greece, Cyprus, Hungary, Serbia, Croatia, Slovenia, Czech Republic, Poland, Slovakia, Bosnia and Herzegovina2 NPLs & RE: Non-performing loans and Real Estate3 The total nominal value of the projects equal to the % share, which is owned by subfund RHAPSODY II