The minimum investment amount is $25,000. The fees and expenses to which the Fund will be subject can be substantial. The minimum investment amount was set to ensure that we are able to cover organisational, managerial and administrative expenses with the management fee. That said, there may be ocassions when the Board of Directors would consider a lower minimum amount, but this is on a case by case basis.

Each Class B share is valued at $5,000, therefore the minimum subscription amount of $25,000 is equal to 5 shares. We use Series accounting. The current share price is not relevant for you when you invest We use Series accounting so as to accurately apportion fees to each investor. A new Series of shares is issued each month @ $5,000 a share. So, if you invest $50,000 you get 10 shares. The performance of that Series is then measured against the performance of the hurdle index and you, as an owner of that Series, are only charged fees if that Series outperforms the hurdle over the timeframe of its existence. At the end of the year, after all performance fees are paid on the various Series in existence, your Series is merged into the Lead series. You would then be issued an uneven number of shares to up to 8 decimal places, which will be worth the exact same amount of money as your initial Series, but a different number of shares will belong to you.

The Fund is open to all investors (no need to be accredited) from all jurisdictions.

African Lions Fund’s investment manager, ST Funds Management Limited (STFM), is licensed and regulated by the Australian Securities and Investment Commission (ASIC) in Australia. STFM is not a Licensed Investment Advisor with the SEC, in the United States. As such, it relies on the Foreign Private Adviser Exemption in the Dodd-Frank Act, which prevents STFM from taking more than 15 US Persons. At this time, all spaces are filled out for US investors.

You can invest in African Lions fund both as a natural person, or via a company or trust. The compliance checks for a company or a trust are a bit more time consuming during the onboarding process, but many have invested that way.

The Private Placement Memorandum specifices an annual management fee of up to 1.5% and 15% performance fee, above the benchmark/hurdle index, subject to a high-water mark. We have, however, reduced the management fee to 1.35% as of 1 January 2025 for all existing investors on that date. 1.35% will apply to ALL investors from 1 January, 2026. A redemption fee of up to 1% will be deducted from the gross redemption amount to pay for the expenses of handling the redemption. Such fee will be for the Fund for the benefit of remaining investors in the Fund.

There is no lock up period, but we have a quarterly redemption process, which takes about 4 months to complete, as a redemption request needs to be submitted 90 days prior to the redemption date. The Fund will usually arrange for payment to the Shareholder of the full redemption proceeds within 20 Business Days after the relevant quarterly Redemption Day.

The minimum redemption amount is USD 5,000. If redemptions of Shares result in a Shareholder’s remaining balance of Shares having a Net Asset Value of less than USD 25,000, the Board of Directors, in its absolute discretion, shall have the right to require the compulsory redemption of all of the Shares held by the relevant Shareholder(s).