European private credit investing primarily in senior secured floating-rate unitranche, syndicated and club loans to mid-market corporates. Concentrated in Italy, France, Germany and Switzerland, with a liquid sleeve.
Key figures
Net assets€261M
Total assets€265M
Target TWR—
Target yield5.0%
Underlying companies—
Average EBITDA€16M
Strategy
Asset classPrivate Credit
StrategyDirect investments
Sub asset classDirect Lending
Geographic focusEurope
BenchmarkMorningstar European Leveraged Loan
Target Market—
Leverage ratio / policy0.5x
SectorsProfessional Services, Machinery, It Services +3 more