A research note by Phillip Research which could be useful to decide if it is worth applying.

Astrea IV PE bond 1st retail Private Equity Bond: Highlights of the offering and commonly asked questionsJune 6, 2018 Temasek’s wholly-owned subsidiary, Azalea Asset Management, is launching a private equity (PE) bond with a tranche earmarked for retail investors. The secured Astrea IV PE bonds (Astrea IV) will be backed by cashflows from a $1.1bn investment portfolio in 36 Private Equity Funds. As this is the first such structure globally where retail investors are able to subscribe to PE bonds, we highlight the key features and answer some commonly asked questions about the offering.Structure of the NoteAstrea IV offers three classes of bonds, each catered to investors with differing risk profiles and investment horizon. In total the Group aims to raise US$501mn from the bond issuance. S$121mn out of a total...