Crona Fund registered with CySEC

Eleon Capital Management Ltd. has announced the successful registration of the Crona Fund RAIF V.C.I.C. PLC with the Cyprus Securities and Exchange Commission (CySEC) under registration number RAIF179.

"This milestone, initially announced on March 11, 2024, marks a significant step forward in our mission to capitalise on lucrative investment opportunities within the commercial and residential real estate sectors while also exploring alternative asset classes to optimise returns and manage risk effectively," an announcement from the company notes.

The Crona Fund is structured into three ambitious compartments: the Crona Income Fund, the Crona Development Fund, and the Crona Hospitality Fund. "We are pleased to report that the Crona Development Sub-Fund was successfully activated just eight months after the fund's registration, underscoring our commitment to delivering timely and strategic investment opportunities," the company's announcement continues.

Investment Management Excellence

Eleon Capital Management Ltd. is the Investment Manager, overseeing Investment Fund Management and Risk Management. Our team is dedicated to ensuring that each investment is meticulously managed to maximise returns and minimise risks.

Expert Advisory and Strong Partnerships

The fund benefits from the expertise of Crona Development Ltd., a member of the Crona Group, which brings local market knowledge and a robust background in real estate and financial investment. Crona’s proven track record in identifying and managing high-yield construction projects is expected to drive significant growth for our investors.

Exemplary Partners

The Crona Fund is supported by a network of trusted and exemplary partners, including Eurobank Cyprus Ltd. as the Depositary, Grant Thornton Funds Services (Cyprus) Ltd. as the Administrator, Ch. P. Savvides & Associates LLC as the Legal Advisor, TIMKAS Ltd. as the Auditor and XCorp Management Ltd as Secretary, a boutique Administrative Services Provider. These partnerships ensure that the fund operates with the highest standards of financial integrity, regulatory compliance, and professional expertise.

Open to Professional and Well-Informed Investors

The Crona Fund is open to professional and well-informed investors, offering a unique opportunity to participate in high-potential real estate investments. Additionally, investors in the Crona Fund compartments have the opportunity to qualify for the Cyprus Residency Programme.

For more information, please visit our websites: www.eleoncapital.com and www.cronafund.com

Contact Information:

Eleon Capital Management Ltd., 1 Arch. Makarios III Avenue, Office 801, 2324 Lakatamia, Nicosia, Cyprus, Tel: (+357) 22 021 634, Email: fundservices@eleoncapital.com

"Join us in this exciting high-end investment opportunity and explore the potential of the Crona Fund RAIF V.C.I.C. PLC.," the announcement concludes.