Dedicated to excellence
COMMITTED TO PERFORMANCE
Registered Office of the Fund:
Fund and Investment Manager:
Registrar and Transfer Agent:
The Fund’s investment objective is to generate positive absolute returns through a combination of current income and capital appreciation. The Fund intends to generate and achieve superior returns and mid to long term capital growth, through its equity positions, together with current income and stable cash-flow with an emphasis on capital preservation.
Exceptional people + superior intelligence + strong ethics results in great performance and achievement of goals.
At CopperRow, we pride
ourselves on being large enough to make a difference, yet small enough
Independence enables innovative investments at the leading edge of sophistication with the highest
degree of objectivity.
Here’s what just some of SilkPort Capital’s investor clients have said
“I am pleased to say that I have worked with SilkPort’s Management Team for many years and have found that they have always adhered to their commitments without equivocation.” – Mr. Dieter, President of Family Office
“I am happy to endorse SilkPort Capital and their management because I have invested with their Management Team many times and for extensive periods of time and they have always outperformed their projected returns.” – Mr. Chan, Private Investor
“Having invested with SilkPort’s management on many occasions, I have found their proactive market approach not only rewarding but also surpassing expectations on many occasions.” – Ms. Stephanie, Investment Director at Pension Fund
“As a long standing client of SilkPort’s executive management team, I have found that the returns delivered consistently have exceeded my expectations.” – Mr. Owen, CEO of Private Equity Fund
“I have entrusted SilkPort’s Directors with many past investments and have found them true to their word as they have till this day never let me down.” – Mr. Ahmad, Investor and Managing Director of Capital Co.
Ours is a long-term commitment, to you and to future generations.
At CopperRow, we are committed to the future
by wisely balancing the weights of the past.
CopperRow Fund Summary
Preferred Minimum Return – Hurdle Rate
Dividend Distribution – The Directors anticipate the paying of dividends on Shares on an annual basis; however, profits may be re-invested. Dividend distribution will begin three months after initial investment.
Hurdle Rate – The Fund has employed an annualized 8.0% Hurdle Rate calculated on a quarterly basis or 2.0% per quarter, which is the minimum rate of return on investment required by a manager before performance fees are paid. The Hurdle Rate calculation will take into account all dividends and or distributions paid to Shareholders each year.
High Water Mark - Management Fee
High Water Mark – The Performance Fee is subject to what is commonly referred to as a “high water mark” pursuant to which such Performance Fee is paid only on new appreciation in the Net Asset Value of each Series of Shares. This means that the Fund Manager will only receive Performance Fees, on each Series of Shares when the Net Asset Value of such Series of Shares is greater than its highest value (i.e. the Net Asset Value subsequent to the last Performance Fee paid). Should the Net Asset Value of such Series of Shares drop in value then the Fund Manager must bring the Net Asset Value back above the previous highest value before the Fund Manager can receive Performance Fees again. Shares of a Series that are either purchased or redeemed during a financial year shall be subject to the payment of a Performance Fee only for the portion of the financial year during which such Shares of that Series were outstanding.
Management Fee – The Fund Manager will receive a non-refundable Management Fee (the “Management Fee”), payable in arrears, from the Fund, an amount equal to 1.8% of annual Net Assets, adjusted by adding back any Management Fees and Performance Fees accrued or payable and any withdrawals of funds (by redemption, distribution, or otherwise) since the quarter-end. Net Assets for this purpose includes all cash and cash equivalents, accrued interest, and the market value of all open positions and other assets of the Fund, less accrued brokerage commissions and fees, other transaction costs and all other liabilities of the Fund.
Performance Fee – The Fund Manager will be entitled to receive, for each calendar quarter, a Performance Fee (the “Performance Fee”) paid quarterly in arrears with respect to each Series of Shares outstanding during such calendar quarter. The Performance Fee will be an amount equal to thirty percent (30%) of the quarterly appreciation in the Net Asset Value of each Series of Shares, provided that such appreciation is at least 2.0% (the “Hurdle Rate”) on a quarterly basis, net of fees and expenses of the Fund determined at the close of business of the last day of the Investment Period (the “Investment Period”). The Performance Fee is also subject to what is commonly referred to as a “high water mark” pursuant to which such Performance Fee is paid only on new appreciation in the Net Asset Value of each Series of Shares above the Hurdle Rate. This means that the Fund Manager will only receive Performance Fees, on each Series of Shares when the Net Asset Value of such Series of Shares is greater than its previous highest value (i.e. the Net Asset Value subsequent to the last Performance Fee paid). Should the Net Asset Value of such Series of Shares drop in value then the Fund Manager must bring the Net Asset Value back above the previous highest value before the Fund Manager can receive Performance Fees again. Shares of a Series that are either purchased or redeemed during a financial year shall be subject to the payment of a Performance Fee only for the portion of the financial year during which such Shares of that Series were outstanding.
Lock-up Period – The Fund will have a 365-days lockup period.
Redemption – Shares do not carry the “right” of redemption. Members therein do not have the option to redeem their Shares or to require the Fund to repurchase their Shares. However, subject to the Directors’ consent by a Resolution of Directors and a solvency declaration pursuant to the laws of The Bahamas, the Directors may resolve to redeem such Shares at the Net Asset Value per Share of the relevant Series as of the last business day of each calendar quarter, pursuant to a written request from the Shareholder, which must be received by the Administrator at least 60 days (or such shorter notice period as the Fund’s Directors shall, in their discretion, permit) prior to such redemption date. The Shares may not be redeemed for a period of 365-days from the initial date they are purchased by a Member. Unless a Member specifies otherwise in writing in his or her redemption request, upon a partial redemption by a Member who holds Shares of multiple Series, the redemption will be allocated among those Series on a first-in-first-out basis. If approved by the Directors of the Fund, the Redemption payments will generally only be paid to the bank account that the respective Subscription Price was received from. Only upon instruction of the Fund, payments to other accounts held in the name of the registered owner of the Shares may be made. Redemption payments will not be made to third parties. All requests for redemption shall be irrevocable.
Minimum Initial and Subsequent Subscriptions – The minimum initial subscription amount is US$10,000 and thereafter in multiples of US$1,000 subject to reduction at the discretion of the Fund’s Directors. Shares may not be offered, transferred to, or acquired by, United States persons unless qualified under the definition of a U.S. Qualified Investor; or persons resident in The Commonwealth of The Bahamas.
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