TTC APAC AIDC Fund I

An open-ended wholesale trust with three asset-backed unit classes.

Denominated in USD, targeting US$1.5bn with a first-tranche close of US$500m, letting investors match their risk-return appetite from senior secured income to development-stage equity upside.

Unit classes

Choose your position in the capital stack.

Last-loss tier

Class A

First-Ranking Asset-Backed

7% p.a. target IRR

Strongest, senior-ranking capital protection, secured over stabilised, contracted assets

SecuritySenior asset-backed
Loss orderAbsorbs last
DistributionsQuarterly

Class B

Subordinated Asset-Backed

15% p.a. target IRR

Enhanced returns with strong, second-ranking asset-backing

SecuritySubordinated asset-backed
Loss orderAbsorbs second
DistributionsQuarterly

First-loss tier

Class C

Preferred Equity

30%+ p.a. target

Highest potential returns via development-stage exposure; no asset collateralisation

SecurityEquity (unsecured)
Loss orderAbsorbs first
UpsideResidual returns

Target returns are targets only and are not guaranteed; capital is at risk. Distributions are generally paid quarterly in arrears, subject to available funds. Indicative capital stack: Class A 60% / Class B 20% / Class C 20%.

Loss waterfall

Structured to protect senior capital first.

Class C (equity) absorbs losses first, then Class B, then Class A. Illustrated below on an assumed US$500m asset value, being the first-tranche target close — for illustration only.

Scenario	Class A (US$m)	Class B (US$m)	Class C (US$m)	Total remaining
No loss / impairment	300	100	100	US$500m
Impairment of US$150m	300	50	—	US$350m
Impairment of US$250m	250	—	—	US$250m

Swipe the table sideways to see every column.

Illustrative only. Class C absorbs the first US$100m of loss and is fully written down before Class B is impaired; Class A is impaired only after both Class C and Class B are exhausted.

Key terms

Fund at a glance.

Fund	TTC APAC AIDC Fund I — a wholesale managed investment scheme, structured as an Australian unit trust (open-ended).
Trustee & issuer	Sapien Capital Partners Ltd (ACN 088 810 860, AFSL 238128).
Investment Manager	Tik Token Capital Pty Ltd (ACN 701 345 799), a corporate authorised representative of the Trustee.
Denomination	United States dollars (USD). Units are issued, valued, distributed and redeemed in USD.
Target raise	US$1.5 billion, with a first tranche targeting a close of US$500 million; further capacity via subsequent closes and additional unit classes.
Investment term	Open-ended.
Distributions	Quarterly, subject to availability of funds.
Redemption	By request with at least 3 months' notice, subject to available liquidity and the Trust Deed.
Secondary liquidity	Investor-matched transfers via Liquidise and RWAC (subject to Trustee approval; not a guaranteed buy-back).
Eligibility	Wholesale investors only (s761G / s761GA, Corporations Act 2001 (Cth)).

Fees & expenses

Transparent, aligned economics.

Full fee schedule is set out in the Information Memorandum.

The Fund charges an annual management fee, a performance fee on Class C units subject to a high-water mark, and passes through capped third-party administration costs. The applicable rates, calculation bases and payment timing for each unit class are disclosed in full in the Information Memorandum.

Management fee
Charged on Total Asset Value, payable quarterly in arrears.
Performance fee
Carried interest on Class C only, on realisation and subject to an annual high-water mark.
Administration
Third-party fund administration, capped and recharged at cost.

Complete the online application form to verify your wholesale status and download the Information Memorandum, including the full fee schedule and class term sheets.

Apply for access to the Information Memorandum →