BK Opportunities Fund 7 - Crystal Fund

BK Opportunities
Fund 7

31st July 2022

Dear all,

The estimated NAV of BK Opportunities Fund-7 (Euro) as of 31st July 2022 is:


BK Opportunities Fund-7 estimated net performances

as of 31st July 2022

July 2022 Monthly Return (non-annualized) -1.7%
July 2022 Year-to-Date (non-annualized) -20.2%
July 2022 Annual Return since inception (non-annualized) -17.1%
Prices of more liquid assets have softened in July, as illustrated by positive returns of the European Corporate Loan S&P Index (+2.7%) and the Euro Stoxx 50 (+5.5%). Spreads of our lower mezzanine tranches of European CLO have tightened towards July month-end, but they widened again after reconsideration of Europe’s dependency viz. energy and tensions between Taiwan and China, exacerbated with US House speaker Nancy Pelosi’s visit to Taiwan this week.
Nevertheless, we believe this environment can give rise to attractive opportunities that can overperform in most scenarios and resist downside anticipations.

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.