Frequently Asked Questions
This is the Fund’s first audit cycle. The process is more complex in the early stages of a new fund. In February 2025, we decided to change auditors because we had concerns about the quality of service from the initial firm recommended by our Fund Administrators. After several delays, we switched to a new auditor.
Why was the first audit a complex one?
What makes Opportunik Global Fund unique is that it is the first African-led global retail fund. It gives Africans direct access to international markets without the usual barriers related to geography or identity. This new model required adopting global standards in fund reporting, including monthly NAV calculations, which are more complicated than traditional models. The Fund’s structure also has higher operational costs. Since this is the Fund’s first audit, the auditors needed time to understand our structure. These factors added to the complexity and timing of the audit process.
The 2023 audit has now been completed, while the 2024 audit process is projected to be completed by December, 2025.
What is NAV?
NAV stands for Net Asset Value. It informs the value of one unit of the Fund at any time (the price at which a new investor comes in). It is derived from income statements and asset valuations. Unlike traditional domestic funds, global funds like OGF calculate NAVs each month, giving a clearer picture of performance and investor returns
Yes. The Fund has remained profitable across 2024, and well into 2025. We have been actively managing investments throughout the period of the audit in order to protect investor investments.
Yes. Investments are safe and are managed by our Investment Management team led by our Chief Investment Officer & CEO, Kolawole Oyeneyin. All portfolio assets are held with trusted custodians in well-regulated asset classes.
Investment statements will be issued by October 31, 2025. Each investor will receive an updated Investor Statement and re-issued Subscription Agreement based on the prevailing NAV in the month they joined.
Please note that this will be based on the unaudited 2024 financial statement and live NAV, as stipulated by regulatory standards.
Once the 2024 audit is completed, we will provide the updated audited NAV and investment statements by January, 2025, which may include minor modifications.
The audit offers an independent review and assessment of the Fund's reporting, and performance. We only provide unaudited reports and returns as guidance. These are estimates based on the latest data we have. Final returns and payouts will rely on audited figures after the audit process finishes.
The standard practice is for audited accounts to remain within +/-0.5% of previous NAV reporting.
We will provide clear, consistent and open communication. We intend to send an update after filing the 2024 audit.
Our current auditor is Baker Tilly (Cayman) Ltd., a well-regarded international audit firm.
Some investors sent their investments through third-party platforms or companies, not directly. Regulatory rules require redemptions to go through the same payment channel to keep proper records and comply with regulations. This is a standard procedure to ensure all investor records stay accurate.
No. All redemptions will be made accordingly. This step is simply about compliance; it has no impact on the safety or amount of your investment.
If concerned, you must have received an email. Please complete the digital consent form sent to your email to confirm that you agree to receive your redemption through the original payment method. This helps us process redemptions accurately and efficiently.
