9AT: SILK INVEST LIMITED

SILK INVEST LIMITED

SILK INVEST LIMITED

Adviser Profile

As of Date	03/31/2026
Registration	Ohio, Approved, 03/30/2022
Other registrations (1)	SEC, Approved, 09/06/2012
ADV Location	LONDON, United Kingdom
Contact Info	00 xxxxxxx
Websites

AUM^*	56,207,192 12%
of that, discretionary	56,207,192 12%
Number of Employees	15 -6%
of those in investment advisory functions	10 -17%
Private Fund GAV^*	0 -100%
Avg Account Size	8,029,599 -36%
SMA’s	No
Private Funds	0 3

Adviser Type

- Outside the United States

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Reported AUM

239M 205M 171M 137M 103M 68M 34M

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

Overview

Silk Invest Limited (the “Firm” or “Silk”) is a limited liability private company organized under the laws of England and Wales and was formed in May 2008. Silk is an investment advisory firm authorized and regulated in the United Kingdom by the Financial Conduct Authority (“FCA”) and by the U.S. Securities and Exchange Commission (“SEC”) as an investment adviser under the Investment Advisers Act of 1940 (the “Advisers Act”) since August 2012. Key members of Silk Invest have worked together since 2008 and founded a specialist investment management firm focusing on frontier markets. The management team founded the company with their own financial resources rather than relying on external funds from established institutions. Silk Investment Management Ltd is the principal owner of Silk Invest ltd and the Board and staff are also typically investors. Mr. Zin Bekkali retains a controlling interest in Silk Investment Management Ltd. Silk Invest provides discretionary and non-discretionary investment advisory services, typically fund management advice, to investment funds and collective investment schemes, such as UCITS Funds, which are regulated by the Luxembourg CSSF (collectively referred to as the “Funds”). In addition, Silk may

also provide advisory services to management firms and US registered investment companies by acting as an adviser or sub-adviser (“Sub-Advisory Client”). The Funds and (Sub-) Advisory Clients are collectively referred to in this Brochure as “Clients.” Persons or entities that invest in the Funds or (Sub-)Advisory Clients are referred to in this Brochure as “investors.” With respect to the Clients, Silk Invest provides investment advice and other services directly to the Clients and not individually to the investors in such Funds or Sub-Advisory Clients. Silk Invest is an investment specialist firm managing funds dedicated mainly to Frontier Markets, encompassing among others many African, Middle Eastern and Asian capital markets. Silk provides investment advice primarily aiming to maximize capital growth by investing in Frontier Market securities. The Firm aims to achieve long term capital appreciation mainly by investing in frontier markets in Africa, the Middle East and Asia. Silk’s investment capabilities cover various asset classes and include, but are not limited to, equities, fixed income and private equity. As of December 31, 2023, Silk had discretion over assets under management of approximately $50 million.