We entered into an exclusive agreement with Credit Suisse in 2018 for the co-financing of their Swiss and European loan book for B and BB rated exposures. Under this agreement, we jointly set up the Private Credit Co-Investment Fund – a benchmark product for Europe’s changing lending landscape where joint solutions between banks and investment funds will become the new normal for corporate lending, particularly in the lower-rated B and BB universe.
Our co-investment strategy with Credit Suisse gives investors unique access to corporate bank loans in western Europe, marking the first time such loans are available to institutional investors. The strategy’s portfolio comprises larger, well-established corporates with strong credit metrics that meet bank underwriting standards.
The loans in this strategy are sourced exclusively by Credit Suisse exclusively; we serve as the strategy’s investment manager to perform detailed credit analyses and decide which loans to invest in. The geographical focus is on Switzerland and western Europe, and we generally target companies with an EBITDA of >€10m and requiring credit facilities of €20m to €600m.
Private Credit
Yearly dividend payments
EUR 800m
27 Nov. 2018
EUR & CHF
Senior secured bank loans to mid-market companies
3.5%-4.5%
Institutional investors
Available
Luxemburg SICAV SIF SCA
Dividend paying shares
Closed-end; no cash liquidity
Patrimonium Asset Management AG
Multiconcept Fund Management SA
Multiconcept Fund Management SA
CSSF (Luxembourg)