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.
By December 2024, RHAPSODY closed its investment period, and during Q1 2025, our efforts were directed towards postclosing activities for our most recent deals. To maximize returns on our investments, we are still looking for potential ancillary investments. We currently manage a total of 45 portfolios (including 8 closed portfolios) across 11 countries. Romania holds the largest share, followed by significant investments in Greece, Hungary, Croatia, and Bulgaria. With the conclusion of the portfolio purchasing phase for RHAPSODY at the end of 2024, our focus has now shifted to managing ongoing collections. The pipeline for Q2 2025 and beyond remains strong, and our cumulative performance continues to exceed expectations while aligning with our strategic objectives.
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 |