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Six Senses Private Credit is a sub-fund of First Degree Fund VCC (UEN: T20VC0066K), managed by First Degree Global Asset Management Pte. Ltd., a MAS-licensed fund manager.

It provides investors with access to private-credit opportunities, including litigation funding, asset-backed lending, and other structured credit strategies, offering potential for attractive, uncorrelated returns.

A VCC is a Singapore-domiciled fund structure that allows multiple segregated sub-funds under a single legal entity.

Each sub-fund, such as Six Senses Private Credit, is ring-fenced, meaning its assets and liabilities are legally separate from other sub-funds.

This structure combines the governance and transparency of Singapore’s regulatory regime with the flexibility of offshore fund jurisdictions.

The fund is managed by First Degree Global Asset Management Pte. Ltd., a MAS-licensed asset manager established in 2011.

First Degree operates one of Singapore’s leading fund platforms with more than 30 active funds across public and private markets, including private credit, venture capital, real estate, and litigation finance.

Six Senses offers two primary investment formats:

• Equity Classes (A Shares): Participate in the NAV performance of the fund and underlying assets.
  
  
• Blended Litigation Asset-Backed Notes (B-LABNs): Fixed-term notes with contractual coupons and a structured capital protection framework.

Both structures provide exposure to diversified portfolios of Litigation Program Investments and other private-credit assets.

The MTCP Framework provides structural layers of protection for B-LABN investors, including:

1. Insurance Vetting: Litigation programs are typically backed by insurance covering about 70% of approved spend.
   
   
2. Priority Structure: Notes have priority over equity classes for repayment.
   
   
3. Performance Insurance Surety Bond (PISB): A capital-backed facility provides contingent support for a capital repayment shortfall

Participation in Six Senses Private Credit is limited to Accredited and Institutional Investors, as defined under Section 4A of Singapore’s Securities and Futures Act (SFA).

To qualify, an investor must meet one of the following criteria:

• Individuals with net personal assets exceeding SGD 2 million (or equivalent) or income of at least SGD 300,000 per year.
  
  
• Corporations with net assets exceeding SGD 10 million.
  
  
• Trusts or family offices where all underlying beneficiaries qualify as Accredited Investors.

The fund is a restricted scheme registered with the Monetary Authority of Singapore (MAS) under Section 305 of the SFA and is not open to retail investors.

Returns are derived from participation in litigation programs and private credit opportunities that typically offer contractual returns linked to legal settlements, insurance recoveries, or structured credit repayment flows.

These investments are generally uncorrelated with traditional markets, offering potential diversification benefits.

Subscriptions and redemptions are generally available on the 1st and 15th of each month, subject to notice periods and liquidity provisions outlined in the Offering Supplement.

Yes. Six Senses Private Credit is a restricted scheme registered with MAS under Section 305 of the Securities and Futures Act.

It can be offered only to Accredited and Institutional Investors and may not be distributed to retail investors.

While the fund includes multiple protection layers, investors should be aware of:

• Legal and procedural risks inherent in litigation funding
• Case duration and settlement timing risks
• Currency and liquidity risks
• Counterparty and enforcement risks

All investors should review the Risk Factors section in the Offering Supplement before subscribing.

First Degree Global Asset Management Pte. Ltd.
68 Amoy Street, #03-00,
Singapore 069887

Tel: +65 6815 1993
Website: www.firstdegree.asia