Aquasia Fund No.2

Latest NAV: Fund closed

Fund
Aquasia Fund No.2 is closed-end fund which owned a single asset, a piece of mezzanine debt.  The Fund was established in January 2011.

Strategy
The Fund’s sole asset was purchased from a failed credit fund at a substantial discount.  The asset was then bought back by the issuer at par in early December 2012 and the Fund made a distribution of $1.28 per unit. Realised IRR to Dec 2012 was 25%pa.  The Fund was terminated in February 2013.