iSTOX In Q1 2021: Venture Capital, Real Estate, And Private Debt

NOTE: In May of 2021, iSTOX rebranded itself to ADDX.

By Oi Yee Choo, iSTOX Chief Commercial Officer

2021 started with a bang here at iSTOX as we added to our listings a top Chinese venture capital fund, a private European office real estate fund, a private equity bond, and a cash management tool in the form of a commercial paper offering.

First out of the gate in 2021 was a high-performance venture capital fund(1) from Yun Qi Partners, a top-ranked Chinese VC firm with deep expertise in the enterprise Software as a Service (SaaS) and productivity technology sectors. Yunqi’s earlier two funds saw multiple unicorns created and included institutional investors such as sovereign wealth funds, family offices, and leading alternative investment firms.

In February, we made Mapletree Europe Income Trust (MERIT), a private real estate fund focusing on Grade A office facilities across Europe, available(2) to our investors. The manager, Mapletree, is, of course, a very well-known and respected name here in Singapore, owning and managing S$60.5 billion of office, retail, logistics, industrial, data centre, residential, and hotel properties worldwide.

MERIT’s tenants are a high quality, diverse mix across industries, including technology, media and telecommunications, professional services, and outsourcing. The properties in the fund are 96% occupied with a WALE (weighted average lease expiry) of 6.8 years.

Our next two investment opportunities were debt offerings. Investors had the opportunity to invest in separate tranches of Astrea VI A2 and B class bonds for as little as US$20,000(3). Azalea, Astrea VI’s manager, an indirect wholly-owned subsidiary of Temasek Holdings (Private) Limited, also needs no introduction for experienced investors.

Following this was our first commercial paper offering, issued by CGS-CIMB Securities. Commercial paper is a US$1 trillion asset class in the US and a nascent but rising asset class here in Asia. With a 1% p.a. coupon for a three-month tenor, this offering provided our users an attractive cash management alternative to fixed deposits.

A few key highlights from past offerings:

In March, private real estate fund Elite Logistics Fund announced an annualized distribution yield of about 9% for the period November-December 2020. This is the fund's second distribution announcement.
Ternary Cypress Fund was up 4.5% in the first quarter of 2021 and reported a net asset value (NAV) of 116.38 at the end of March 2021. Overall, Ternary has grown 16.38% since its inception on iSTOX.
Private fund iQuant, a feeder into the top-ranked global hedge fund Quantedge Global Fund, reported a first quarter NAV of 126.37 in March. Overall, iQuant has grown 26.37% since its inception on iSTOX.
Discretionary Fund Eternal Glade has reported its first full year performance data. From March 2020 to March 2021, the fund has reported a return of 32.84%.

Finally, we are also very pleased to announce the launch of our new referral rewards program. iSTOX investors can earn a US$150 investment credit for every successful referral they make. Additionally, every friend they refer will also earn a US$100 investment credit when they a successfully open an account.

All in all, we are off to a very strong start. 2021 is set to be a banner year on our platform as we onboard even more blue-chip issuers with proven track records. I sincerely thank our community of investors for their support as we continue to grow iSTOX.

Oi Yee Choo

Disclaimers: The information in this blog post is strictly for general information only. This is not an advertisement making an offer or calling attention to an offer or intended offer.

This has not been reviewed by the Monetary Authority of Singapore.

(1)Made available through Prometheus-1 Pte. Ltd.
(2)Made available through Prometheus-2 Pte. Ltd.
(3)Made available through Prometheus-3 Pte. Ltd.