Since 2018

Delivering institutional investment-grade yield

Transforming Risk, Enabling Trade.

We convert physical commodity trade finance risk into investment-grade returns for institutional and accredited investors.

Uncorrelated
/
Asset-backed
/
Steady yield

Bulk commodity corridors

Who we are .

We are an institutional asset manager focused on the bulk commodity trade finance gap. Our proprietary Risk Transformation Engine combines AI, digital trade infrastructure, and Lloyd's of London insurance to make SME commodity trade investable, without lending and without credit extension.

Founded in Singapore in 2016, our funds have facilitated more than US$5 Bn of physical commodity trade across 5,000+ transactions in 18+ countries on behalf of 1,900+ SME counterparties, under a risk model that swaps pure credit risk for insurable physical risk.

Our USD Fund was launched in April 2018, and the EUR Fund launched in February 2020.

Co-founders

Dr. Tom James

CEO & CIO · Executive Director

John Collis

Chief Risk Officer · Executive Director

Board & advisors The team

By the numbers .

Cumulative since the USD fund's launch in April 2018, across both the USD and Euro funds.

View funds & track record

Volume

US$5 Bn

Average physical commodity trade USD 600k

Reach

18+

Asia–Pacific
Europe
Americas · MENA · Africa

Countries served

Commodities

35+

Agricultural
Energy
Metals and critical minerals

Commodity types traded

Our funds .

Two open-ended Cayman segregated portfolios delivering trade-finance returns through principal ownership of bulk physical commodities.

Compare both funds & track record

NAV history, key features, service partners and 18+ countries of reach in one place.

CEMP — USD Trade Flow Fund SP

Launched April 2018

Net · since inception

66.69%

Cayman Segregated Portfolio investing in pre-booked, USD-denominated, physical commodity trade finance transactions. 90-day maximum tenor.

March 2026 NAV: 1,665.57 +1.02%
Target: +5% over 3-month SOFR
ISIN: KYG1988M6375

A- Senior Rating
BBB Subordinated Rating
Equity - 90 Day Liquidity
Equity Sharpe 6.27

CEMP — Euro Trade Flow Fund SP

Launched February 2020

Net · since inception

42.64%

Cayman Segregated Portfolio investing in pre-booked, EUR-denominated, physical commodity trade finance transactions. 90-day maximum tenor.

March 2026 NAV: 1,425.19 +0.54%
Target: +5% over 3-month ESTER
ISIN: KYG198751300

Equity - 90 Day Liquidity
Zero Down Months
Equity Sharpe 8.60

Approach

How we think .

Four threads run through every transaction: the asset-backed model, the risk philosophy, our read of the real economy, and the sustainability frame.

01 · Strategy

Asset-backed trade

Principal ownership of bulk commodities during shipment or storage. Lloyd-underwritten counterparty scoring on every transaction.

The model

02 · Risk

Risk philosophy

We swap pure credit risk for real-world insurable physical commodity risk, then apply clearing-house-style risk management to every transaction.

How we mitigate

03 · Perspective

The real economy

Bulk commodity trade is the lifeblood of modern economies. How we think about its trajectory through trade tensions and the rise of digital trade infrastructure.

Macro view

04 · Sustainability

ESG & sustainability

Aligned with the UN Sustainable Development Goals, the UN Global Compact, and the Task Force on Climate-Related Financial Disclosures.

Our frame

Memberships

FinTech Certified by the Singapore FinTech Association, and a member of leading industry bodies.

International Chamber of Commerce

Co-developing the ICC SME TradeFlow Fund and the ICC Trade Now platform — mobilising capital and widening SME access to trade finance.

About the partnership

Latest news .

Press, industry coverage, and milestones from across the TradeFlow business.

All news

Commodity trade represents around 25% of world trade — roughly US$4.5 trillion per year . SMEs underpin it . We make that trade investable .