The Challenger Trade Finance Fund was founded to take advantage of unique opportunities in Emerging Markets by providing creative financing solutions to businesses that offer great services and products but do not have the ability to raise the capital they require to grow. With the introduction of Basel as well as other banking regulations, a number of the larger global first tier banks have stepped back from these markets, leaving a gaping hole between the demand for capital and its supply, which is only amplified in the small to medium size business sector. Furthermore, the increasing competition for international business has made the access to readily available trade finance vital to the success in emerging markets where liquidity is hard to find. We believe the ability to fund cross-border business is extremely important for the growth and longevity of companies looking to do business in a competitive global market place .