ESATF Summary

Investment in [ESATF][the Fund] is restricted by law, and only persons who are eligible to invest will be permitted to access materials relating to [ESATF][the Fund]. Please see Important Information for further details.

Name: Eastern and Southern African Trade Fund (the Fund), authorised and regulated by the Financial Services Commission Mauritius
Minimum Investment: USD 100,000 or equivalent in EUR. The Fund is open only to Expert Investors
Fund Size: Scalable to at least USD 1 billlion
Launch Date: August 2019
Term: Open-ended investment fund. Subscriptions available monthly, and redemptions available monthly with at least three months’ notice
Target Returns: USD 1 MONTH TERM SOFR + 3-5% per annum
Distributions: The Board of Directors of the Fund may, in their discretion, declare dividends comprising net interest income on underlying investments of the Fund, semi-annually following 30 June and 31 December each year
Fund Management Fee: 1.50% per annum
Performance Fee: None
Subscription Fee: None
Redemption Fee: None
Fund Manager: Eastern and Southern African Trade Advisers Limited, Mauritius
Administrator: Apex Fund Services (Mauritius) Ltd
Custodian and Bankers: AfrAsia Bank Limited, Mauritius
Auditors: KPMG Mauritius
Legal Advisers: BLC Chambers, Mauritius


This summary is provided for informational and discussion purposes only, and is not intended to, and does not, constitute an offer or solicitation to invest in ESATF. A private offering of interests in ESATF will be made to qualified investors on a confidential basis. This summary is qualified by, and subject to, the operating agreements of ESATF.