Our Services
APS Group stands as a leading Alternative Asset Management company in Central, Eastern, and Southeastern Europe with a proven track record in managing complex investments across these regions. It has established itself as a trusted partner for the world’s leading financial institutions, investment funds, and private investors.
Distressed Debt
For over two decades, we have excelled in distressed debt acquisition and management across sectors. Our deep understanding of market cycles and dynamics positions us as seasoned navigators in the distressed debt landscape. Our investment focus includes distressed situations, repossessed real estate portfolios, single credits, and restructurings across all credit categories.
Private Equity
With nearly a decade in Private Equity, APS specializes in end-to-end investment services. From sourcing deals to thorough due diligence and strategic acquisitions, we manage every aspect. Our expertise extends to enhancing post-acquisition value and developing effective exit strategies, ensuring optimal outcomes for our investors.
Our Funds
APS Group was historically focused primarily on funds for institutional investors. In 2021, APS CREDIT FUND SICAV was launched as a dedicated investment vehicle for qualified investors, opening access to APS’s distressed debt strategy to a broader investor base.
APS CREDIT FUND SICAV represents an attractive investment opportunity targeting above-average returns. The fund focuses on acquiring non-performing and distressed receivables across Central, Southern, and Southeastern Europe, leveraging APS’s long-standing expertise and local presence.
Today, the fund manages assets exceeding EUR 100 million across its subfunds RHAPSODY, RHAPSODY II, and RHAPSODY III, reflecting strong investor demand and solid performance of the strategy.
Building on this success, APS launched its fourth subfund, RHAPSODY IV. The fund is currently in its fundraising phase and represents a natural continuation of the RHAPSODY series, targeting an average annual return of approximately 12% p.a. over a five-year investment horizon.
PERFORMANCE
RHAPSODY III
Class
Values as 31 May 2025
| Share Class Inception Date | 2024 |
|---|---|
| Date of Latest NAV Calculation | 31. May 2025 |
| Investment Share Value | 1,0023 CZK |
| Average Annual Return | 0,61 % p.a. |
| Return per Share | 0,23 % |
| Internal Rate of Return | 0,61 % |
Values as 31 May 2025
| Share Class Inception Date | 2024 |
|---|---|
| Date of Latest NAV Calculation | 31. May 2025 |
| Investment Share Value | 1,0152 EUR |
| Average Annual Return | 4,12 % p.a. |
| Return per Share | 1,52 % |
| Internal Rate of Return | 4,17 % |
RHAPSODY II
Class
Values as of 30 June 2025
| Share Class Inception Date | 2022 |
|---|---|
| Date of Latest NAV Calculation | 30 June 2025 |
| Investment Share Value | 1.3146 CZK |
| Average Annual Return | 12.48% p.a. |
| Return per Share | 31.46% |
| Internal Rate of Return | 12.80% |
Values as of 30 June 2025
| Share Class Inception Date | 2022 |
|---|---|
| Date of Latest NAV Calculation | 30 June 2025 |
| Investment Share Value | 1.3281 EUR |
| Average Annual Return | 13.01% p.a. |
| Return per Share | 32.81% |
| Internal Rate of Return | 13.25% |
RHAPSODY
Class
Values as of 30 June 2025
| Share Class Inception Date | 2021 |
|---|---|
| Date of Latest NAV Calculation | 30 June 2025 |
| Investment Share Value | 1.4712 CZK |
| Average Annual Return | 13.68% p.a. |
| Return per Share | 46.62% |
| Internal Rate of Return | 11.89% |
Values as of 30 June 2025
| Share Class Inception Date | 2021 |
|---|---|
| Date of Latest NAV Calculation | 30 June 2025 |
| Investment Share Value | 1.3815 EUR |
| Average Annual Return | 14.02% p.a. |
| Return per Share | 47.80% |
| Internal Rate of Return | 12.15% |
Cooperation & Partnership
Martin Machoň
CEO and Owner of APS Group