Investment
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We focus on unlocking working capital for Small and Medium Enterprises (SMEs) by investing in trade receivables. We invest in invoiced trade receivables and sale and purchase of commodities with debtors based in the DACH countries (Germany, Austria and Switzerland) and a number of emerging and frontier markets.We focus on unlocking working capital for Small and Medium Enterprises (SMEs) by investing in trade receivables. We invest in invoiced trade receivables and sale and purchase of commodities with debtors based in the DACH countries (Germany, Austria and Switzerland) and a number of emerging and frontier markets.
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We target ~ 6 % in gross annualised return.
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We source investment opportunities by leveraging our direct access to a network of SME suppliers and via third-party invoice financing institutions.
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We invest up to EUR 10 million per transaction and cap our exposure to third-party platforms to 10 % of Assets under Management (‘AuM’).
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We invest at every stage of the value chain and transactions involving highly liquid non-perishable goods.. The type of collaterals vary with the transaction and may include pledges, charges and guarantees.
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We use our multistage risk assessment method to evaluate risks and rate opportunities. Our risk assessment model is based on a range of quantitative and qualitative factors related to product, client, industry and market.
Commercial, financial and legal information is requested from prospective clients in addition to historical information. Further information on our risk assessment methodology may be found in the investor presentation, summary of risk methodology and due diligence questionnaire. -
A list of live opportunities or pipeline is compiled using our network of importers and suppliers and third-party institutions.
An initial commercial assessment of selected opportunities is conducted. Opportunities
that meet our eligibility criteria are then rated and priced using our risk assessment methodology. This followed by structuring and application of appropriate risk mitigants prior to review and
sign-off by our investment committee.
Marketing
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Trade finance funds with a similar focus include, Kimura Capital and Challenger Trade Finance.
Artis’ strategy is founded on minimising risk whilst targeting markets underserved by banks and credit institutions. Artis’ risk assessment methodology is based on Arjan’s experience in trade and trade finance in these markets.
We work closely with third-party invoice financing institutions in our target markets, and we continue to serve our existing network of exporters in emerging and frontier markets.
Operation
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The investment committee members have a long track record of assessing risks, structuring transactions and managing clients’ funds. Our founder, Andreas Schweitzer spent years in private banking, managing and allocating funds across a broad range of asset classes. In 2013 he set up Arjan Capital Ltd, Artis’ investment advisor, an FCA regulated company focused on trade and trade finance.
Since its establishment, Arjan has enabled its clients to access complex markets and to optimise their investments. It has offered an unconventional avenue for investment diversification with transactions conducted with different types of counterparties in a wide range of sectors and markets. Arjan’s clients include large corporates, medium and small sized companies. -
We issue monthly investors’ factsheet within 10 days of the month’s end, including an update on estimated returns and a quarterly report including an update on the fund’s Net Asset Value (“NAV”).
Structure
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The fund is domiciled in Liechtenstein.
