Bangladesh is a South Asian country sharing land borders with India and Myanmar. With a population of over 163 million, it is the eighth most populous country in the world. The country has seen robust growth averaging 6.3% per year over the past decade. Its GDP per capita stands at $4,600 in PPP international dollars, making it a lower-middle income country.
Constellation is an emerging market finance group operating through Bangladesh connecting the global investor to the opportunities beyond developed market borders.
We provide information, access and transnational excellence through a pool of experienced, multi country/ culture/ economy exposed passionate investment professionals.
As a firm, we pride ourselves as a company deeply rooted; not only as an enabler to the global investors to diversify their portfolios, but also as pioneers, striving towards financial solutions, products and opportunities that remain within solving problems of infrastructure, power, technology, capital markets and other diversified industries of frontier markets like Bangladesh.
We advise companies on best routes to raise capital, plan financing, expand through buying and selling of businesses and manage risks for sustainability and growth
We build fund products for global investors according to their appetite for risk, expectation of return, objectives of diversification
We provide our clients transnational solutions in their aspired product classes
We arrange debt & equity capital for different corporate and financial institutions catering to their financing needs
We diversified projects from large size infrastructure funding to seed funding of startups
INFRA STRUCTURE FUNDING & ADVISORY
Bringing together and negotiating between governments, nationalized utilities, international corporations, and global banks, our goal is to minimize uncertainty for our clients working on far-reaching infrastructure projects. We wear many hats, acting as investment bankers, providing project financing, and as infrastructure advisors for large-scale projects that affect millions of people.
Infra-Structure Funding & Advisory
Constellation provides Infrastructure Investment Bank, Finance, and Advisory services for projects in the Bangladesh. These include:
Infrastructure Debt and Equity underwriting for all corporate types
Infrastructure Securities sales
Infrastructure Brokerage and advisory services for institutions and private investors
Infrastructure off-balance sheet debt structuring
Infra-Structure Project Financing
Constellation works with national, state, and local governments to provide infrastructure project financing capital. We also work with international corporations to finance large industrial and public service projects.
Infrastructure non-recourse and limited recourse financial structuring
Infrastructure special purpose vehicle
Export Credit Agency Financing
Infra-Structure Financial Advisory
Constellation provides infrastructure financial advisor service to multinational corporations, utilities, and governments. These services include Infrastructure strategic advice and financial restructuring for corporations, creditors, and investors
Infrastructure mezzanine debt, equity and placement services for sponsors and fund managers
Infrastructure M&A, joint ventures, divestitures, and sale transactions
List of Services
Our core services to clients include:
Feasibility studies, option appraisals and business cases to support investment decision making
Procurement and commercial advisory support on project structuring
Negotiation support and commercial strategy
Joint Ventures, Strategic Estate Partnerships and Local Asset Backed Vehicles
Secondary market sales and refinancing of projects
Market testing reviews of existing projects and achieving operational efficiency savings
Bid strategies, bid qualification and affordability/value for money assessments
Financial model build and data book preparation/validation
Funding competitions and Project Information Memoranda
Bid preparation including performance and payment mechanisms
Bid evaluation and selection of a preferred bidder
Grant due diligence and funding reviews
Accounting advice in relation to project structures
Our Financial Model Assurance Services team has market-leading expertise and experience in in supporting project finance, acquisition and secondary market transactions and financings across all sectors including renewables, infrastructure finance and public private partnerships (PPPs).
Our clients are typically funders, developers or investors bidding for, or seeking to finance, a project. We also act for those looking to acquire or sell interests in assets or infrastructure projects. Whether you are in either of these categories, or whether you require a model review or audit for a lender, institutional investor or credit agency, our services are tailored to provide you with the right degree of both assurance and reliance to support your financing, commercial and investment decisions.
Our core services include:
Model Audit and Review – A leading brand in the sector, internationally recognized and respected, our assurance service ensures your project or transaction meets funder/bid requirements and conditions precedent
Model Development - Financial, operational or cost forecast models built to exacting standards to meet your needs
Equity Transaction Support - Expert support whether you’re buying, selling or valuing an infrastructure asset, or looking at ways to enhance the equity value of those assets
We have in depth experience in all sectors including:
Transport infrastructure (roads, rail, trams, bridges, ports and airports)
Social infrastructure (schools, hospitals/health facilities, housing, defense and leisure)
Conventional energy (IPPs, IWPPs, CCGT)
Renewable energy (solar PV, biomass, waste-to-energy, onshore and offshore wind)
Petrochemicals (oil, gas, LNG)
Environmental (waste, water)
Regulatory reviews and regulated assets
We pride ourselves on adopting a pragmatic and flexible multi-layered approach to the audit of financial models, with a focus on risk and tailored to your needs. Our proven and comprehensive bottom-up ‘all cells’ testing is only part of an approach designed to evaluate the model’s structure, data flows and logic, and is allied with top-down analysis and testing focusing on key risk areas using a range of analytical procedures, including re-performance, proof in totals, trend analysis and sense checking. We know from our experience that this comprehensive approach successfully means all relevant issues are identified, resolved or reported to the relevant parties.
Constellation AMC is licensed under the Bangladesh Securities & Exchange Commission. The company holds both an AMC and an Alternative Investment Fund license awarded for private equity operations in Bangladesh.
Constellation AMC is constantly working towards designing fund products which are conducive to the needs of investors who possess diversified risk appetites. The AMC provides a broad spectrum of diversification products for fund managers.
BENEFITS OF MUTUAL FUNDS
Easy Diversification: Mutual funds are the easiest form to diversify your portfolio. A single Mutual fund contains hundreds of stocks—reducing the risk of loss for investors. It has the inbuilt nature where the investor is performing factor investing putting preference on macro/sectoral preferences.
Lower Transaction Cost: The transaction costs significantly reduce through a mutual fund. Accumulating single stocks are not only time consuming, but also incurs more cost in the course of constructing to a balanced portfolio. On the contrary mutual funds provide unitary diversification.
Active Fund Manager Expertise: It is the simple route to engage active fund managers to look after your investment. Most investors find it cumbersome to actively manage their portfolio. Experienced investment teams set the fund's strategies, research investments, make trades and monitor the fund's performance.
Close End Funds
Closed-end funds (“CEFs”) are actively managed mutual funds that trade on an exchange like a stock. CEFs can play an important role in a diversified portfolio providing the potential for income and capital appreciation.
CONSTELLATION UNIT FUNDS
Type & Size of the Fund Open-End Mutual fund and BDT 100.0 million
Sponsor & Asset Manager Constellation Asset Management Company
Trustee of the Fund Investment Corporation of Bangladesh
Custodian of the Fund BRAC Bank Limited
Auditor of the Fund Malek Siddiqui Wali Chartered Accountants
Fund's Objective Achieve superior risk adjusted return and provide attractive return to its investors
Dividend Distribution Minimum 70% of realized income will be distributed as yearly dividend
Minimum Investment Amount BDT 5,000/- per application for individuals, and BDT 50,000/- for institutions
Panel Brokers BRAC EPL Stock Brokerage and United Financial Trading Corporation Limited
Systematic Investment Plan Small predetermined amount , like BDT 1000/2000/5000 or multiple of BDT 500/1000
Other Salient Benefits Easy diversification, Low transaction cost, Special IPO quota, Active fund management
2. Trust Deed
1. Historical NAV - Click to Download
NAV as on NAV Per Unit Investor's Buy Price Investor's Sale Price
23rd December, 2021 BDT 12.01 BDT 12.01 BDT 12.01
Effective Date of Investor's Buy and Sale price of units will remain valid till 30h December, 2021.
FINANCIALS & PORTFOLIO STATEMENT
10. Portfolio - December 2020
ACCESS TO CONSTELLATION RESEARCH
Proprietary research provided to Global Institutions.
Access to top brokers from BRAC EPL and United Fin. Trading Company Limited.
PRIVATE EQUITY DEAL FLOWS
Group has the biggest private equity portfolio including historical transactions in Pathao, Chaldal, Socian, Digicon, CloudWell.
Lead to high yield fixed price instrument offers, i.e. preference share, privately placed corporate bonds.
STOCK PORTFOLIO MANAGER
Historical market portfolio returns about 50%.
Access to portfolio services.
ACCESS TO INSTITUTIONAL RATES
Best rates drawn from most reputed banks and leasing companies at one stops.
LAND & ASSET VALUATION
Right time and right way to buy and sell asset, land, and apartments.
ACCESS TO INSURANCE & TAX SERVICES
One stop shop on insurance products from top companies and Understanding your taxes.
PRIVATE EQUITY & IPO
Our services help our clients choose the right partner to fund their growth in a sustainable manner. Our clients will benefit from our expertise across the total Private Equity Lifecycle starting from identification and initiation which includes all due diligence and advisory to structuring and execution based on investor strategy. Our long-standing relationships with leading global and domestic investors help us bring a better understanding of promoter expectations while keeping in line with all regulatory and legal compliance.
We advise companies on a whole range of equity capital structures - from ordinary equity & hybrids to the most innovative structures including all due diligence, strategies for growth and different stage funding.
We arrange funds for our corporate clients via different channels like seed capital, Angel Investors, Venture Capital and Equity Capital.