The questions investors ask first.
Straight answers on what we finance, how capital is protected, and how to participate. For anything beyond this, speak with us directly.
What does Altrus finance?
Short-tenor working capital for commodity traders moving physical goods from producers to industrial end-users. Every facility is tied to a specific transaction—a purchase contract, a sale contract, and an identified cargo. We lend against the trade, not the balance sheet.
How is investor capital protected?
Protection is layered. Altrus advances only 70–90% of transaction value—the borrower funds the balance and takes first loss, so every trade carries a built-in equity cushion. Lending is secured over identifiable, insured cargo and the receivable it generates; the original bill of lading is held to Altrus’s order; and buyer payments flow through a collection account under Altrus co-signatory control before the borrower can access funds. Repayment is structural, not discretionary.
What returns does the fund target?
Net returns of roughly 7–9% per annum, built additively as SOFR plus a net spread of 350–550 basis points. The spread is set by transaction structure risk—payment terms and incoterms—not by market sentiment, and does not compress when rates fall.
How long is capital exposed per transaction?
Tenors run 30–180 days, averaging around 70. Short duration means capital recycles quickly, and exposure to any single trade is brief and well-defined—with no duration risk and no mark-to-market.
How does this differ from private credit?
Conventional private credit lends for three to five years and depends on the borrower refinancing at maturity. Commodity trade finance is self-liquidating: each facility repays from buyer payment on delivery, with no duration and no mark-to-model NAV—and therefore no redemption overhang or maturity wall.
What is the track record?
The founding team deployed more than US$715 million across 911 transactions with a 100% repayment record and zero credit losses, through multiple market cycles, at a predecessor commodity trade finance platform. Past performance is not indicative of future results.
How is the fund structured and regulated?
Altrus acts as fund advisor and as facility and security agent. Regulated fund management is conducted through Emplify Capital Partners, a MAS CMS–licensed manager, and the firm operates under the MAS Representative Notification Framework. The fund issues notes to accredited and institutional investors through a Luxembourg securitisation compartment.
How can I invest, and what is the minimum?
Most investors begin with a funded participation in a single transaction—no minimum, taken as a percentage of the deal—to build familiarity before committing to the fund. Fund notes carry a minimum subscription of US$500,000. Discretionary managed accounts are available from US$10–20M, entered into with a licensed fund manager or the investor’s own family-office structure, including for Singapore 13O/13U setups. Contact us via Investor Enquiry and we will share fund documentation under NDA.
Still have questions?
We welcome direct conversations with institutional allocators, family offices and qualified investors.