Our first sub-fund
P2P Lending Fund
The first sub-fund of Millennia SICAV RAIF is the P2P Lending Fund (“the Fund”), an innovative Fintech Fund investing in the thriving asset class of marketplace consumer lending (formerly known as peer-to-peer).
The Fund seeks to build attractive, risk-adjusted returns by investing in highly diversified portfolios of consumer loans with low volatility, low duration and a low correlation to other asset classes.
The portfolio is composed of loans segmented by maturities and risk profiles and granted to US prime borrowers only (as defined by the main credit bureau) by the main US online marketplace lenders.
The Fund is active in the Primary market (new originations) and secondary market (outstanding, performing loans).
The Fund is denominated in USD and offers share classes in USD, EUR (hedged) and CHF (hedged).
|Performance per share class||August 2023||Trailing 3 Months||Year-to-Date||Trailing 12 Months||Performance Since Inception||Volatility Since inception|
|Class A (USD)||+ 0.26 %||+ 0.13 %||+ 0.36 %||+ 0.68 %||+ 19.38 %||+ 2.08 %|
|Class B (EUR)||+ 0.07 %||- 0.50 %||- 1.51 %||- 2.26 %||+ 8.75 %||+ 2.17 %|
|Class C (CHF)||- 0.15 %||- 1.04 %||- 2.60 %||- 3.61 %||+ 6.40 %||+ 2.23 %|
1 Performances are net of fees. The information contained herein is purely for illustrative purposes and does not constitute an investment advice, or an offer to sell or the solicitation of any offer to buy or sell securities and/or any derivatives and may not be reproduced, further distributed or published by any recipient without prior permission from. No representation, warranty, or undertaking, express or limited is given as to the accuracy or completeness of the information or opinions contained in this page. Past performance is no a guarantee of future returns.
|Vehicle||Millennia SICAV RAIF|
|Currencies||USD / EUR /CHF|
|Currencies||€ 125’000 (or USD/CHF Equiv.)|
|ISIN & Bloomberg Class A (USD)||
LU1787057923 – P2PLNDF LX
|ISIN & Bloomberg Class B (EUR)||
LU1787058061 – P2PFEUR LX
|ISIN & Bloomberg Class C (CHF)||
LU1787058145 – P2PFCHF LX
|AIFM||ADEPA Asset Management S.A.|
|Investment Advisor / GP||Millennia S.à.r.l.|
|Depositary||Banque des Patrimoines Privés|
|Administrative Agent||Alcyon S.A.|
|Independent Valuer||Mount Street Portfolio Advisers|
|Auditor||Ernst & Young Luxembourg|
|Swiss Representative Agent||Carnegie Fund Services SA|
|Swiss Paying Agent||
Banque Cantonale de Genève
2 please see Offering Memorandum for further details
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