Management equity | Investor capital through senior secured, first-lien notes

Equity conversion available through a designated share class.

Aligned capital for productive aquaculture assets.

V5 combines management equity with professional and institutional capital for established aquaculture businesses in Greece and a ring-fenced, integrated land-based greater amberjack platform in Oman.

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Contractual incomeSeniority in the capital structureTransaction-specific securityTangible food-production assets

Fund identity

V5 Aquaculture Real Assets Fund I

Registered with the Danish Financial Supervisory Authority (Danish FSA) and reporting to the Danish FSA via the National Bank of Denmark and the Danish FSA's joint reporting system.

Secured Income · Strategic Growth
A focused name for one aquaculture mandate expressed through two complementary investment routes.

01 · Greece

Secured income

First-lien asset-backed Notes

Investment in a series of senior, first-lien collateralised Notes intended to finance participations in established Greek fish-farming operators through V5's Greek holding structure.

Real-asset protection

Each transaction is expected to rely on independently verified eligible assets, receivables, controlled cash and perfected security, not pledged shares alone.

02 · Oman

Strategic growth

Integrated greater amberjack platform

Investment in a proposed commercial-scale land-based platform integrating controlled juvenile supply, RAS grow-out, harvest, processing and cold chain for greater amberjack.

Disciplined development

Capital deployment remains conditional on site, biology, utilities, market demand, operating readiness, governance and financing validation.

Two aquaculture investment routes

Capital structured around the asset and its stage.

01 · Greece

Operating-company credit

Established growth companies

Senior secured growth capital for established fish-farming companies with operating histories, licences, existing biomass and commercial revenues.

V5 capital may support

Farm modernisation and productive expansion
Hatchery, processing and packaging infrastructure
Digital monitoring and precision aquaculture
New species, genetics and feed-efficiency programmes
Working capital and disciplined consolidation

First-ranking security framework

The proposed Greek Note is designed around independently valued eligible real assets, receivables and controlled cash, not a share pledge alone. Target-level security remains subject to corporate benefit, legal perfection and definitive documentation.

02 · Oman

Project-platform investment

Land-based greater amberjack

Strategic capital for an integrated land-based greater amberjack platform drawing on Danish engineering, advanced water-treatment systems and disciplined biological management.

V5 applies

Ring-fenced project-company structures
Phased capital deployment against construction milestones
Independent technical and biological review
Completion, performance and operating covenants
Controlled project accounts and reserve mechanisms
Pledges over project-company shares and other agreed collateral

Controlled deployment

Capital is released progressively as agreed technical, commercial, construction and governance conditions are satisfied.

Capital structure

From subscription to repayment.

A defined chain of custody connects investor capital, ring-fenced deployment, collateral control and the contractual payment waterfall.

Invest

Professional investors subscribe to V5-arranged senior secured notes or to our registered Fund in Copenhagen.

Deploy

Capital is deployed to ring-fenced operating companies or project SPVs under the agreed financing documents.

Secure

A security agent holds the agreed collateral package, which may include pledged shares, controlled accounts, receivables, insurance proceeds and eligible project assets.

Repay

Operating cash flows service interest and repay principal through the contractual payment waterfall.

Beyond a share pledge

A layered first-ranking collateral and cash-control package.

The proposed Greek aquaculture Note is structured to give the Security Agent exclusive first-ranking consensual security over an independently verified pool of eligible operating assets and cash flows.

Real property

First-ranking mortgages over eligible freehold land, buildings and fixed installations, identified and independently valued.

Productive equipment

First-ranking security over identifiable owned plant, machinery, aquaculture equipment and qualifying replacements.

Receivables

First-ranking assignment of eligible trade and contractual receivables, paid into blocked collection accounts under Security Agent control.

Cash & proceeds

Security over collection, operating, reserve, distribution and proceeds accounts, together with assigned insurance, disposal and enforcement proceeds.

Corporate layer

Pledges over the relevant HoldCo, BidCo and portfolio-company shares, plus permitted guarantees and direct obligations from Security Providers.

No competing debt

No bank debt, pari passu security, second-ranking consensual security or competing consensual lien within the collateral pool.

Collateral discipline

Indicative initial gross LTV is targeted at or below 50%, with a 55% hard maximum and at least 1.25× adjusted collateral coverage after eligibility exclusions, haircuts, concentration reserves and enforcement-cost deductions. Pledged-share value is not double-counted where underlying assets are included.

Ongoing protection

A 12-month coupon of 5.75%–6.5% in euros (7% in US dollars), payable quarterly, with 10% profit participation payable annually and an approved external-expense reserve, minimum 1.35× DSCR, cash sweeps, a pledged sinking fund, distribution locks, periodic valuations and monthly collateral and receivables reporting are intended to preserve coverage through the Note life.

Important qualification

First-ranking security is intended to support recovery over the four- to five-year period to maturity of the closed-end Fund and each series of Notes, but does not guarantee the timing or amount of recovery. Every mortgage, assignment, pledge, guarantee and account-control arrangement remains subject to due diligence, corporate benefit, legal validity, perfection, statutory priorities and definitive documentation. Junior debt and first-loss equity shares, funded alongside V5's partners and offering a higher target return to reflect their greater risk, may also be made available to selected eligible professional investors, subject to suitability, definitive documentation and transaction availability.

Investor access

Evaluate the structure behind the opportunity.

Request a focused discussion on mandate fit, underwriting, security arrangements, governance and transaction availability.

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Important information

For professional and institutional investors only. This page is for information purposes and does not constitute an offer, solicitation, investment advice or a commitment to provide financing. Any investment is subject to eligibility, due diligence, definitive documentation and applicable law. Capital is at risk; security and seniority do not eliminate the possibility of loss.