Dubai-based investment firm Rasmala says a fund that provides trade finance has exceeded a milestone of $100 million of assets.
The Rasmala Trade Finance Fund was launched in 2014 to provide short-term loans to companies trading real assets. The firm says it has returned 4.5% a year.
“We are pleased with the level of the fund’s assets under management but more importantly that performance has remained so strong in the first three years of the fund’s life,” said Eric Swats, senior executive officer.
The fund has attracted regional institutional investors as well as family offices, corporates and wealthy individuals, according to the firm. The fund is sharia-compliant.
Rasmala says it is developing its alternative investment business and hopes to raise $1 billion for its alternative strategies in the next two years.
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