
Kilcarra Silver
Show jumping — 1.45m
In development
Valuation
€240,000

Stable Yield Fund 1 is a regulated Cayman SPV that acquires and develops a portfolio of elite show jumping horses. Fractional. Tokenised. Held on-chain by qualifying investors.
Fund 1
Fund 1 acquires promising show jumping horses early, develops them with elite yards and riders, and exits after value appreciation. Investors hold tokenised fractional units in a regulated SPV — an institutional structure wrapped around an asset that is anything but.
Vehicle
Cayman SPV
Regulator
CIMA
Target AUM
€50M
Term
5 years

What you own
The structure is institutional. The asset is not. Everything the fund does is organised around the animal, the yard, and the ring.
01
A regulated Cayman SPV that acquires and holds a portfolio of elite show jumping horses. Tokenised units. Fractional exposure. Institutional structure.
02
Sourced early, before competition records are established. Developed through professional yards and riders across Europe and the US.
03
The fund follows the sport. Aachen, Wellington, Valkenswaard, Longines majors. Every ring the portfolio walks into is a mark on the ledger.
04
Investors sit inside the world they've backed. Yards, riders, and events are open to holders, not held at arm's length.
The portfolio
A curated roster held by the fund and developed by the yards we work with. Every unit maps back to a real animal, a stage of development, and a valuation.

Show jumping — 1.45m
In development
Valuation
€240,000

Show jumping — 1.50m
In competition
Valuation
€520,000

Show jumping — 1.40m
In development
Valuation
€185,000
The fund lifecycle
A five-year term. A working portfolio. The fund enters at the beginning of a horse's competitive life and exits after the market has repriced it.
01
Source promising horses early, at competitive entry valuations.
02
Place with elite yards and riders. Build a competition record.
03
Campaign through the international season. Track performance and mark valuations.
04
Sell into the private market or realise on transfer. Distribute to holders.

Stable Yield Fund 1
Fund 1 is open to qualifying investors. Full commercial and legal terms are set out in the Confidential Private Placement Memorandum, available on request.