Trade finance is a global, multi-trillion dollar sector of international finance and the method used to finance the purchase by and export of goods to an identified buyer.

Trade finance investments are a type of loan, which may be secured or unsecured, bear fixed or floating rates of interest (or which may be acquired at an original issue discount, to provide the return), and may repay principal amount in a single sum on a single date, or amortise principal on a series of dates.

Trade finance can be a risk mitigated asset class and these benefits may manifest themselves at the transactional, obligor and sovereign level.

Individual transactions benefit from a range of security structures and enhancements that may reduce default risk and/or improve recovery risk in the event of default.

The aim of the Fund will be to select transactions where these benefits are apparent or inherent and provide investors with attractively priced risk opportunities.