Credit Pearl Fund
Bridging the financing gap for UAE-domiciled SMEs through tailored credit products to generate stable, consistent returns
BMCP Securities S.à r.l. offers qualified investors tokenised limited recourse notes due 2029, featuring an 8% cumulative preferred return and an 80/20 excess profit split. The notes are backed by the SFI SME Credit Pearl Fund — a UAE-registered closed-end credit fund providing short-term financing to local enterprises. Variable profit distributions, principal repayment at maturity.
The net proceeds from the issuance of the Notes will be used by the Issuer to subscribe for units in the “SFI SME Credit Pearl Fund,” a closed-end investment credit fund registered in the UAE. The Fund implements its strategy by investing in short-term debt instruments — including loan notes, sukuk, and other credit facilities — issued by registered SME borrowers in the UAE.
Working alongside SFI Technologies Limited (providing technical and consultancy expertise) and Neovision Investment Fund Management L.L.C. (the Fund Manager), the Fund builds, markets, and deploys customized credit products. The strategy is driven by efficient capital deployment, rigorous underwriting standards, and continuous performance monitoring. To ensure risk mitigation, the Fund restricts its exposure to a maximum of 10% of its capital (or USD 700,000) per single borrower and limits the duration of its debt instruments to a maximum of 12 months.
HIGHLIGHTS
Project Summary
The core objective of the issuance is to bridge the massive financing gap consistently faced by small and medium enterprises (SMEs) in the United Arab Emirates. The Issuer will use 100% of the net proceeds raised from the Notes to subscribe for units in the closed-end “SFI SME Credit Pearl Fund”.
The fund generates stable, consistent returns by deploying highly tailored credit products — such as loan notes, sukuk, and other flexible credit facilities — directly to high-quality registered SMEs. The strategy is anchored by quick asset turnarounds, rigorous institutional underwriting standards, and ongoing performance monitoring to shield investor capital while supporting the growth of the UAE’s robust SME sector.
How Returns are Calculated
The Notes generate a Profit Participating Interest, meaning returns are directly tied to the net realized profits of the underlying UAE SME Credit Fund. Distributions follow a strict, transparent, investor-first waterfall structure:
First (Preferred Return): 100% of distributable profits are allocated to investors until they achieve a cumulative, compounded annual return of 8% on their outstanding capital.
Second (Excess Profit Split): Any excess distributable profits beyond the 8% are split 80% to the investors and 20% to the Fund Manager.
Company Overview & Ecosystem Partners
The offering is supported by a robust ecosystem of regulated, institutional-grade partners:
- The Issuer: BMCP Securities S.à r.l. (acting on behalf of Compartment Credit Pearl Fund) is a specialized securitisation vehicle established under the laws of the Grand Duchy of Luxembourg.
- The Fund Manager: Neovision Investment Fund Management L.L.C. acts as both the fund manager and administrator, operating as a licensed entity regulated under the system for investment funds of the United Arab Emirates.
- Technical Services Provider: SFI Technologies Limited provides technical and consultancy expertise.
- Service Providers: BMCP Consulting GmbH operates as the Servicer and Calculation Agent, with Centralis S.A. providing Corporate Services and Registrar Agent support in Luxembourg.
- Legal Adviser: CMS DeBacker Luxembourg
- Auditor: ATWELL
Token Classification & Infrastructure
The Credit Pearl Fund Notes are issued in registered form and represented by digital tokens on the Canton Network. This Distributed Ledger Technology (DLT) ensures immutable, secure, and highly efficient record-keeping.
- Seamless Access: Investors manage their Notes through a dedicated platform portal (invest.blackmanta.capital).
- Flexible Subscriptions: The Issuer accepts subscriptions in traditional fiat (USD, EUR) as well as Electronic Money Tokens (EMT) such as USDC.
- Peer-to-Peer Transfers: Once onboarded, Noteholders with whitelisted wallets can securely transfer Notes peer-to-peer directly via the DLT or through the platform interface with zero transaction fees charged by the Issuer.
SFI SME Credit Pearl Fund
Target Fund Raise
USD 50,000,000
For Qualified Investors from
Europe
| Issuer | BMCP Securities S.à r.l. |
|---|---|
| Fund Manager | Neovision Investment Fund Management L.L.C. |
| Jurisdiction | Luxembourg |
| Industry | Financial Services / SME Credit |
| Instrument Type | Tokenized Limited Recourse Notes |
| Total Investment Volume | USD 50,000,000 |
| Min. Investment Amount | USD 125,000 |
| Denomination | USD 100.00 |
| Interest Rate | 8% p.a. Preferred Return |
| Variable Returns | Profit Participation |
| Maturity | 2029 |
| Payment Frequency | Variable |
| Principal Repayment | At Maturity |
| Accepted Currency | USD, EUR, EMT |
| Blockchains | Canton |
| Transaction Fee | TBA |
Investor Documentation
More information about the issuer, as well as the legal documentation you will receive after registration. We are available for questions at any time – contact@blackmanta.capital
Interested investors must register and qualify as professional client according to Annex II of DIRECTIVE 2014/65/EU. A professional client is a client who possesses the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs.
Potential investors must successfully complete an investor identification process in accordance with anti-money laundering rules in order to invest. Only identified and verified investors can participate in the offering and purchase tokens. There is no preferential subscription right for investors. There is no entitlement to allocation of the tokens. Acquired tokens will be credited to the investors’ personal wallet and simultaneously recorded in the issuer’s register.
Legal Information
The information in this Offering is intended solely for investors who are not located or resident in certain other restricted jurisdictions and who are not otherwise permitted to receive such information.
The information in this Offering does not constitute an offer or solicitation to purchase any securities in the United States, Australia, Canada, Japan, South Africa, the Republic of China or in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation.
Users of this information are requested to inform themselves about and to observe any such restrictions. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended.
An investment involves considerable risks and can lead to the complete loss of the assets invested. In the interests of risk diversification, only those amounts of money should be invested that are not required or expected to be returned in the near future. However, the risk is limited to the investment sum made and there is therefore no obligation to make additional contributions.
The Issuer is solely responsible for all contents and information provided regarding the offering. BMCP GmbH acts as a pure intermediary and assumes no liability for the accuracy of the provided content.
BMCP receives a transaction fee of 2.25%. The fees paid are used to cover our company’s operating costs, in particular personnel costs and employee training, technology and infrastructure, regulatory and legal costs, and business operations. This aims to increase the quality of BMCPs distribution services for clients.
This issuance does not contain a prospectus within the meaning of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) or any other applicable securities law, and has not been prepared, reviewed, or approved in that capacity. This offering is made in reliance on one or more exemptions from the obligation to publish a prospectus under the Prospectus Regulation, including (without limitation) the exemptions for offers addressed solely to qualified investors and/or offers where the minimum investment amount per investor is at least EUR 100,000. Neither this page, the Private Placement Memorandum, nor any other document relating to this offering has been filed with, reviewed by, or approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin), any other competent authority. No such authority has examined or confirmed the accuracy or completeness of any information provided on this page or in connection with this offering
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