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Finserve Nordic Factoring Fund LUX

A unique investment opportunity within the market for Nordic factoring. Discover the risk-adjusted return with no to little market correlation. Nordic Factoring Fund Lux is an alternative credit fund with an investment strategy focused on the factoring market in the Nordic region. The fund aims to achieve high return through a diversified portfolio at low risk. It focuses on financing highly credit worthy (A-AAA) companies with healthy cash flows that seek structured and flexible liquidity planning.

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Fund facts

Investment manager

Finserve Nordic AB

Depository

Cacsei Bank

Administrative Agent

Cacsei Bank

Auditor

Deloitte Audit

ISIN

LU2553414561

Bloomberg is ticking

BBBFFL1 LX

Fixed fee

1.25% PR 0.8%

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Registered Office of the Company
11-13, boulevard de la Foire L-1528 Luxembourg Grand Duchy of Luxembourg

Board of Directors of the Company
Carl Barbäck, ISEC
Joakim Stenberg, Finserve Nordic AB
Klaus Ebert, Klaus EBERT S.à rl

Master fund

Finserve Factoring Fund AB (Publ), Master Fund Investing Strategy The Master Fund's strategy is to find investment opportunities through the granting of loans or other loan operations (hereafter referred to as "Lending"). Possible lenders (the "Lenders") are, for example, companies that are in some form of expansion, investment, restructuring, refinancing bridge financing, generational shift financing or with seasonal needs. The Master Fund's potential Lenders are primarily found in Scandinavia as well as Finland.

Finserve Factoring Fund – Lux Feeder Fund

Finserve Factoring Fund Lux - qualifies as a feeder fund within the meaning of the AIFM Law and shall have all times an exposure of at least 85% of its assets to Nordic Factoring Fund AB, an investment fund incorporated and organised under the laws of Sweden and qualifying as an alternative investment fund incorporated under the laws of Sweden (the "Master Fund") and being managed by Finserve Nordic AB.

Why this fund?

Attractive risk-adjusted return

The net annualised return is approx. 6.5% in Euro in the last 5 years.

Capital preservation

All monthly returns are positive. Volatility over the past ten years has been below 0.4 %.

Risk diversification

Returns are uncorrelated, which makes the strategy attractive for investors seeking risk diversification.

INACCESSIBLE MARKET EXPOSURE

Investing in the asset class of invoice financing can be challenging for individual investors due to barriers of entry

This is how the fund generates returns in 5 steps

  1. The investor buys shares in the fund
  2. The fund has agreements with operators or factoring companies that through factoring acquire invoices from companies approved by the fund
  3. The factoring company ensures that the invoice recipient confirms receipt of the goods or service before the invoice is financed
  4. The invoices are pledged in the name of the fund and serve as security.
  5. The factoring companies ensure that the invoices are paid by the end customer they are issued to and the fund receives interest on the invested capital
  6. The interest income generated in the fund primarily constitutes the change in the fund's net asset value (NAV) and thus the investor's return over time

Investment Strategy Advantages

INSIGHT INTO CASH FLOW

Through invoice financing, the financier gains a unique insight into the counterparty's cash flows through payment and sales patterns. This direct analysis of a company is not available in any other financing alternative.

RISK IDENTIFICATION

Due to the direct visibility into companies' payment patterns, the fund can rapidly identify emerging risks. This is evident through the fund's 0% credit losses.

CLEAR PURPOSE

The purpose is clear and confirmed by the counterparty. The factoring company ensures that the customer to whom the invoice is issued has received the goods/services, confirming the security of the financing both in terms of payment responsibility and legality.

Documents

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