Established in 2021.
Subfund of APS CREDIT FUND SICAV, a commingled regulated fund domiciled in the Czech Republic.
RHAPSODY raised more than EUR 31,6 million during the one-time subscription period.
During the Q4/2024, RHAPSODY expanded its investment portfolio by acquiring three portfolios in Bulgaria (comprising two retail-unsecured and one mixed-unsecured portfolios), a retail-secured portfolio in Poland, a retail-unsecured portfolio in Romania, and a mixed tail portfolio, which includes a collection of tail portfolios from various countries. Additionally, we have closed three more portfolios in Romania, the Czech Republic, and Croatia, with completion expected in the first quarter of 2025, now summing up to 39 portfolios (excluding seven that have been closed). Currently, our investments span nine countries, with the largest concentration of portfolios in Romania, closely followed by Greece, Croatia, Bulgaria, and Hungary. The investment period for purchasing portfolios by RHAPSODY concluded at the end of 2024, shifting our focus to ongoing collections. Our results align with our objectives, and collections are surpassing expectations on a cumulative basis across all portfolios.
Performance Graph
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 | November 2021 – February 2022 |
| Target Return | 12% p.a. (net of fees) |
| Valuation | Annual |
Fund’s projects
| Secured Projects | 17 |
| Unsecured Projects | 19 |
| Mixed Projects | 5 |
| Fixed Income | 5 |
| NAV Return | 1,2067 (v CZK) 1,2190 (v EUR) |
| Nominal Value of the Projects in mil. EUR | 1 2263 |