In recent weeks, APS has acquired two secured portfolios for its RHAPSODY and RHAPSODY II sub-funds in Poland and Romania: one from Santander Bank Polska with a nominal value of over CZK 370 million and the other from Eurobank Romania with a nominal value of CZK 440 million. Following the success of the first sub-fund last year, which has already successfully invested over CZK 1 billion, a second sub-fund, RHAPSODY II, was launched this year. APS is taking advantage of the momentum and has now opened a second subscription window for RHAPSODY II in June. This is open from June 1 to June 30, 2023.
RHAPSODY II currently represents an interesting investment opportunity with double-digit returns on money invested. “We base our return on investment estimates on both our analysis of the newly acquired portfolios for the RHAPSODY II sub-fund and the performance of our first sub-fund. At the same time, we have our eye on other interesting portfolios that have currently appeared on the market,” says Martin Macho┼И, CEO and owner of APS.
In the first half of 2023 alone, the RHAPSODY II sub-fund invested the funds it raised in five different portfolios consisting mainly of corporate secured debt. “The investments are currently spread across six countries, namely Poland, Bulgaria, Croatia, Montenegro and Romania,” continues Machon.
In total, almost 45% of the capital raised was invested in the first quarter of 2023, with two new portfolios added in the second quarter. The returns realised so far are above the targets set. “The strategy of both funds is very well set. As a result, both funds are countercyclical and fight inflation very well,” explains Petr Kohout, Group CFO, explaining the benefits of investing in secured and unsecured debt.
APS Credit Fund is a so-called qualified investor fund. The minimum investment amount is CZK 1 million.
Currently, the APS Group operates in fifteen countries and manages debt portfolios with a nominal value of over EUR 11 billion. Last year, the company invested over EUR 100 million in distressed debt.
Source: APS Group and CTK
Photo: Martin Macho┼И, CEO and owner of APS
