APEX GROUP9 Aug 2021 12:09
9 August 2021
Supply@ME Capital plc
(The "Company" or "SYME")
Global Inventory Monetisation Fund launched;
First full $40m of funding secured
Supply@ME Capital plc, the innovative fintech platform which provides the Inventory Monetisation© service to manufacturing and trading companies, is pleased to announce the following key developments regarding its Group inventory funding activity.
Global Inventory Monetisation Fund launched
As stated in the recent 2020 Annual Report, following the acquisition of TradeFlow Capital Management Ltd ("TradeFlow"), the Company now manages three Open-Funding structures, in addition to the Bank-funding routes. The three open funding routes are:
· the inventory-backed securitisation note programme, also distributed by StormHarbour Securities LLP;
· a Shariah compliant investment product;
· a new proprietary structure, which includes the two existing TradeFlow Funds of which Tradeflow is also the investment advisory company.
With reference to the new structure, the Company is pleased to announce that it has agreed with Apex Group[1] to launch a comprehensive inventory monetisation fund, comprising four components ("the funds"):
· Two funds focussed on "inventory in-transit" monetisation (import/export transactions), advised by TradeFlow. TradeFlow has a positive track record over the past three years;
· Two new funds, focussed on "warehoused goods monetisation". These funds will also be advised by TradeFlow and will be focused on UK, UK Common law (including MENA region) and Italian monetisation transactions.
It is expected that the Global Inventory Monetisation Fund will establish new components following the Group's business expansion (i.e. new geographies, special situations, etc.). The funds historically advised by TradeFlow have enjoyed consistent returns, returning + 6.01% net in 2019 and + 5.93% net in 2020, delivering net Average monthly returns of +50bps to investors with a volatility of returns below 0.75%.
Emerging Asset Management Ltd. ("EAM", part of the Apex Group) will provide administration services to the four funds. Apex Group, which provides turnkey solutions for fund launches and fund administration services, announced in March 2021 that it has reached over $1bn of assets under administration.
$40m of new commitment, boosting the inventory monetisation transactions
The Company is also pleased to announce that the TradeFlow Capital funds received an Investment Grade final rating from a leading ratings agency for its 4-year Senior Note. Leveraging the global investor network of the Group, the funds have already secured investors subscribing for the full, initial $40m issuance.
A further trading update, which will also include the financial impact of these latest developments, is expected by the end of August.
SYME Chief Executive, Alessandro Zamboni said:
"The launch of our Global Inventory Monetisation Fund and the succ
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