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Helicap lists private credit fund on ADDX

July 28, 2022 at 8:30 am

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Helicap Investments has listed its flagship fund, Helicap Fund I, on the private market exchange ADDX. Since launching in 2018, the fund has disbursed more than $100 million to micro, small and medium-sized business in Southeast Asia with around 10% in net annualised returns.

Helicap Investments has listed its flagship fund, Helicap Fund I, on the private market exchange ADDX. Since launching in 2018, the fund has disbursed more than $100 million to micro, small and medium-sized business in Southeast Asia with around 10% in net annualised returns.

With the efficiencies that result from ADDX’s blockchain and smart contract technology, the fund was offered to approved investors on ADDX’s platform at a minimum size of $10,000.  Investors who subscribe to private credit funds like Helicap through traditional, non-tokenised channels generally face minimum investment sizes of $250,000 or more.

Helicap announced a strategic funding round last month that saw Temasek-backed international alternative asset management group Tikehau Capital join Helicap as a shareholder. In 2020, Helicap raised $10 million in a Series A funding round led by Saison Capital, the corporate venture arm of Japanese consumer finance firm Credit Saison. It previously raised $1.5 million in seed funding from Nufin Data, a fintech trade financing firm chaired by Teo Ser Luck, former Singapore Minister of State for Trade and Industry.