Black Tulip Global Fund Cre Etp I - Usd 50,000,000 Secured Reg. S Euro MTN Due 2024

black tulip global fund cre etp i usd 50,000,000 secured reg. s euro medium term notes due 2024 5.25% annual fixed coupon | target irr > 15.0% isin xs1733829524 (euronext paris & wiener borse) introducing black tulip global fund cre etp i, a 7-year usd 50,000,000 secured reg. s euro mtn (the “notes”), sponsored by black tulip global partners, llc, a partnership between black tulip asset management llc and global building, llc (the "sponsor"). the sponsor is using an innovative and efficient exchange-traded product program (“etp”) designed for non-u.s. investors arranged by flexfunds and issued by ia capital structures plc (ireland). the underlying assets are structured as a hybrid of fully secured senior debt and an additional preferred equity component, and is distributed through an euroclearable, dual-listed security on euronext paris and wiener börse. the notes are structured to acquire a portfolio of four existing u.s. commercial real estate assets three of which are located i