Industry News October 2, 2018

Family Office Invests in Absolute Return Fund

BMFA Group is investing $25 million in an absolute return fund run by CoAssets, a Singapore based fintech company.

CoAssets, a Singapore-based crowdfunding platform serving small and medium-sized enterprises, launched the CoAssets Stirling Fort Absolute Return Fund (CASFAR) in July 2018. In just three months, the fund has reached $29 million in AUM, driven largely by a significant new commitment from BMFA Group, a Singapore-based family office.

Singapore-Based Family Office BMFA Group Invests $25M in CASFAR Fund

BMFA Group’s $25 million allocation marks a major milestone for CASFAR and underscores growing interest in alternative, securitized lending opportunities across Southeast Asia.

$25M committed, deployed across 11 tranches of at least $2M each
The scale of the allocation enables CASFAR to expand its exposure to higher-yielding, securitized deals

About CoAssets

CoAssets is an ASX-listed crowdfunding platform connecting real estate developers, businesses, and investors. Over the past two years, more than $30 million in transactions have been facilitated through the platform, supporting a range of alternative investment opportunities.

About BMFA Group

BMFA Group is a newly incorporated independent financial advisory firm providing wealth management, estate planning, insurance solutions, and capital funding for high-net-worth executives, professionals, and entrepreneurs across Southeast Asia.

For additional information, view the original source here.

FINTRX News
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FINTRX News

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