Welcome

The Maseco Asset Management Limited website is intended for use only by knowledgeable and experienced investors who meet certain criteria.

Maseco Asset Management Limited (MAM), a limited company incorporated in the British Virgin Islands under number 1893498, approved as an investment manager by the British Virgin Islands Financial Services Commission.  Certificate No. IBR/AIM/16/0132.

A “knowledgeable and experienced” investor could be an institutional investor, a professional investor or in the case of a retail investor an investor with sufficient knowledge and investment experience.

UK Resident Investors – Certified High Net-worth Investor Statement

You have throughout the financial year immediately preceding the date below had an annual income of £100,000 or more or held throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more.

Net assets for these purposes do not include the property which is your primary residence or any money raised through a loan secured on that property; any rights of yours under a qualifying contract of insurance; or any benefits (in the form of pensions or otherwise) which are payable on the termination of your service or on your death or retirement and to which you (or your dependants are), or may be, entitled.

You accept that the investments to which the promotions will relate may expose you to a significant risk of losing all of the money or other property invested.  That you are aware that it is open to you to seek advice from an authorised person who specialises in advising on non-mainstream pooled investments.






US Resident Investor – Accredited Investor Statement

As a US citizen you are an Accredited Investor as one of the following applies, you either have individual Income in excess of $200,000 in each of the last two calendar years or joint Income with a spouse in excess of $300,000 in each of the last two calendar years and reasonably expects to attain levels of Income this year at least equal to these amounts.[1] Or you have, and at the time of any purchase of securities of the Investment will have, an individual Net Worth, or the spouse and the investor currently has, and at the time of any purchase of securities of the Investment will have, a combined Net Worth in excess of $1,000,000.[2]

You accept that the investments to which the promotions will relate may expose you to a significant risk of losing all of the money or other property invested.  You are aware that it is open to you to seek independent advice.

Risk Warning

You should refer to the Prospectus, an Adviser and a Tax Specialist in each case before making any decision to invest in either of MAM’s Alternative Credit Funds.

Past performance is not an indicator of future results.  Currency fluctuations may increase or decrease the returns of any investment.  The value of investments can fall as well as rise; you may not get back what you invest.  The funds have limited liquidity and so you should expect not always to receive back your capital in a timely manner, during this time the fund value may fall as well as rise.

Acceptance

By accepting these statements you confirm you have read, understood and you meet the conditions of the relevant category of investor.

1 Income means adjusted gross income, as reported for federal income tax purposes, increased by the following amounts: (i) the amount of any tax exempt interest income received; (ii) the amount of losses claimed as a limited partner in a limited partnership; (iii) any deduction claimed for depletion; (iv) amounts contributed to an IRA or Keogh retirement plan; (v) alimony paid; and (vi) any amount by which income from long-term capital gains has been reduced in arriving at adjusted gross income pursuant to the provisions of Section 1202 of the Internal Revenue Code.

2 Net Worth is the amount by which your total assets at fair market value exceed your total liabilities, with the following adjustments:

(i) the estimated fair market value of your primary residence is excluded from your total assets; (ii) the amount of any indebtedness secured by your primary residence up to the fair market value of such residence is not treated as a liability; (iii) the amount of any indebtedness secured by your primary residence that exceeds the fair market value of your primary residence is treated as a liability; and (iv) the amount of any debt secured by your primary residence incurred during the 60 days immediately preceding your purchase of any securities of the Company is treated as a liability (even if the estimated fair market value of your primary residence exceeds the aggregate amount of indebtedness secured by such primary residence), unless such debt resulted from the purchase of your primary residence during such 60 day period.

About Alternative Credit

The specialty lending market has grown in prominence following the financial crisis and as a result of increased regulation.  This has imposed restrictions on certain types of lending by banks to both consumers and small businesses.

Low interest rates have resulted in investors looking further afield for fixed income style returns. Traditional domestic high grade corporate debt no longer provides the yield cushion it once did.

Concurrently, as a result of increased regulation and the Global Financial Crisis, traditional banking institutions have stepped away from lending to certain areas of the credit market. As a result, new non-bank entrants have entered the market to lend to these sub asset classes. These new entrants have generally delivered higher yields than traditional fixed income with generally reduced liquidity.

The risks are higher within private loan investing. The major risk is that of increased unexpected loan defaults.  The risk of default generally comes from idiosyncratic or macro risk factors. We therefore believe that as an investor, when considering an investment in Alternative Credit, one should be diversified across sub asset classes and across geography to mitigate and minimise these risk exposures.

Sub Asset Classes in Alternative Credit

Consumer Loans

The asset class discussed here is designed for Sophisticated and Certified High Net-worth investors only and will not be suitable for all investors

Trade Finance

As an investor in a trade finance transaction one receives a return for financing the transport of goods from a seller in one jurisdiction to a purchaser in another.

Small Business Loans

Lending to small businesses gives investors the opportunity to replace the banks in a market that was previously dominated by traditional institutions.

Alternative Mortgages

Capturing the return stream in this asset class is a variant of traditional lending that banks undertake everyday with our deposits.

Lending against Life Insurance

Providing much needed capital to an area of the market and in doing so receiving a return not correlated to traditional fixed income