European High Yield loans
Investment rationale
The investment objective is to seek a total return performance through high current income combined with capital preservation.
The fund will target:
- the most senior and liquid part of the market with specific focus on European senior secured assets
- short tenor investments (3-4 years average life, amortization through cash flows)
translating into recurring high cash flows, capital preservation through seniority, security and covenants (historically 70-80% recovery for senior secured loans) and a controlled volatility of 6-7% annualized.
Opportunity for the investors
- Take advantage of economic recovery while being protected from remaining downside risk through credit analysis (proprietary dedicated research capability).
- Selection and active management (active fundamental manager with proven skills in sound credit selection, a leading Leveraged Finance Team with 11 years average experience)
- Successful track record across various investment vehicles throughout a full credit cycle since 2000 and a proven solid risk management skill
