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SP Realty Fund is an Exempt closed-ended CIU under Blue Aster Capital Fund P.C.C., structured as a Protected Cell in Bahrain. It is dedicated thigh-value real estate projects in Dubai through a focused acquisition and development strategy.
Objective: participate in the full value chain of Dubai real estate – from land acquisition tproject development and exit.
Core strategy:
Acquire prime land parcels in fast-growing Dubai development zones.
Develop, manage, and exit projects via a structured development approach.
Capital is deployed via BAC Realty LLC, an SPV in Dubai that holds full legal title tland and development assets.
Execution partner: Pantheon Real Estate Development LLC (Developer & Anchor Investor).
Investment Strategist: Systematix Wealth & Asset Services Pvt. Ltd., providing non-discretionary strategic support.
Fund Type: Closed-ended, 5-year fixed term; nvoluntary redemptions.
Minimum subscription: AED 100,000 worth of Cell Shares.
Expected gross return: ~18% p.a. (pre-fees and expenses).
Target net IRR: ~15.5% p.a. (post fees and expenses).
Lock-in: full 5-year period from Closing Date.
Distributions: semi-annual, starting after an initial 12-month moratorium; not guaranteed.
Hurdle Rate: 12%.
Fund Company: Blue Aster Capital Fund P.C.C. (Bahrain).
Operator & Fund Manager: Blue Aster Capital BSC(c), CBB-licensed Category 4 Investment Business Firm.
Sponsor / Anchor Investor: Pantheon Real Estate Development LLC (contributes 10% of capital).
Custodian: SICO BSC(c), Manama.
External Auditor: BDO Bahrain.
For Accredited Investors only (same net-worth/asset criteria).
Cell Shares are illiquid for the full 5-year term; no public market.
Distributions depend on project performance and are not guaranteed.
High-risk investment with potential for full loss of capital.
