BK Opportunities Fund 5 - Crystal Fund

BK Opportunities
Fund 5

31st May 2022

Dear all,

The estimated N.A.V. of BK Opportunities Fund-5 (Euro) as of 31st May 2022 is:


BK Opportunities Fund-5 estimated net performances

as of 31st May 2022 are:

May 2022 Monthly Return (non-annualized) -11.1%
May 2022 Year-to-Date (non-annualized) -12.9%
May 2022 Annual Return since inception (1) +5.3%
Cumulative Distributions since inception/July 2018 (2) +33.0%
Cumulative Return since inception/July 2018 (Distributions + NAV gain) +17.6%
1 — Based on the weighted average internal rate of return (“IRR”) of all classes from their respective closing date, at their respective entry price.
2 — Based on the number of shares (or the capital contribution) in the fund i.e. assuming an entry price of €1,000 per share or 100.0%.
The geopolitical situation, with the war in Ukraine (and its consequence on commodity prices, which were already increasing before the war started), the rising slope of the inflation and of the interest rates, has brought a lot of volatility in the market and prices/valuations have decreased as reflected in the fund’s NAV. Furthermore, we note that prices have dropped (almost) indifferently of risk and duration, and we find some profiles attractive. As the fund is reinvesting, we are cautiously and gradually buying such profiles. Feel free to contact us if you need more information or wish to arrange an update call (contact details below).

Feel free to contact me if you need further information.
Best regards,

Olivier Gozlan
Crystal & BK Opportunities Funds
Phone: +44 208 089 1135
Mobile: +44 795 794 5742
This is not for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to law or regulation. The information contained herein is for information only and does not constitute an offer regarding any product. The document has been prepared by Oristan Ireland DAC and the data have not been audited nor verified. Past performance cannot indicate future performance. There is no assurance that the investment objective will be achieved and investment results may vary.