即時搜尋
中華 A80 指數 :
中華香港內地指數 :
中國 120 指數 :
大市總成交 :

AlbaCore Capital Group Confirms €1.5 Billion AUM1 for AlbaCore Partners II

2020-02-13 18:36:00

LONDON -- (BUSINESS WIRE) --

European credit investment firm AlbaCore Capital Group (“AlbaCore”, “the Firm”), announced the successful close of its second fund, AlbaCore Partners II ICAV (“Fund II”), which has €1.5bn1 in total AUM. The Firm also recently announced plans for a debut CLO in 2020, which is currently in the warehousing phase. AlbaCore’s total AUM now stands at €3.6bn2 across its commingled and customised vehicles. The Firm’s investor base includes pension funds, sovereign wealth funds, endowments, insurance companies, consultants and family office investors, across Europe, North America, Middle East and Asia.

AlbaCore’s strategy focuses on bespoke private credit solutions for larger European companies, with the flexibility to opportunistically invest in secondary and primary markets when relative value is attractive. AlbaCore expects Fund II to be approximately 60% deployed at the end of February, after actively buying in the Q4 2018 credit market sell-off, and more recently shifting focus to primary and private markets. AlbaCore was the sole underwriter for subordinated debt related to two UK public-to-private transactions: BCA Marketplace (LSE: BCA - delisted) and Ei Group (LSE: EIG). Fund II gross IRR for 2019 was +20.6%.3

Bill Ammons, Founding Partner and Portfolio Manager, commented, “Our investing over the past fifteen months demonstrates the value of a flexible mandate in periods of market stress and also periods of resurging positive sentiment, as we saw in the second half of 2019. We are particularly excited about the recent BCA and Stonegate’s acquisition of Ei Group deals, which exemplify AlbaCore’s ability to provide unique, sizeable capital solutions that helped unlock the deals for the sponsor, while also providing an attractive risk/return to our investors.”

AlbaCore has built a 32-person team across its London and Dublin offices, and invests in a capital structure-agnostic manner, via a combination of senior secured loans, high yield bonds, private debt, and preferred equity. AlbaCore’s focus on generating consistent risk-adjusted returns across the capital structure and liquidity spectrum has generated 870bps of gross alpha over European credit markets across its two funds since inception4.

AlbaCore champions a dynamic ESG approach which is well-integrated into the team’s investment decision making and ongoing risk monitoring. AlbaCore’s maiden CLO will also incorporate AlbaCore’s unique investment process and focus on ESG as part of its credit selection criteria.

Deborah Cohen Malka, Managing Director and Deputy Portfolio Manager, added, “ESG is a critical element of our Firm’s values and investment process. We continue to enhance the manner in which we implement ESG as part of our bottom up credit selection process. We also value our partners’ input to understand and incorporate their ESG ideas so we can continue to be a dynamic leader in credit investing and ESG related issues.”

David Allen, Founder and Chief Investment Officer, concluded: “AlbaCore is delighted and grateful for the opportunity to create new partnerships and expand upon existing relationships as we mature as a firm. We have come a long way since our founding in 2016, and we would not be where we are without our partners. Looking ahead we feel well positioned to continue to deliver strong risk-adjusted returns in 2020. We have an active private market pipeline, and dry powder to be opportunistic as markets digest the recent UK election results and navigate what could be an unpredictable year leading up to the US elections in November. We look forward to active and continued engagement with our partners in the coming year.”

About AlbaCore Capital Group

AlbaCore is a specialist European credit platform focused on European corporate credit markets. Founded in 2016, AlbaCore manages €3.6bn5 of AUM for global pension funds, insurance companies, family offices and endowments. AlbaCore takes a patient, long-term investment approach to private and opportunistic European credit markets. The credit selection process is based on fundamental research with a focus on capital preservation, ESG factors and risk-adjusted returns. Headquartered in London with an office in Dublin, AlbaCore is an organisation built on values, with a partnership approach alongside our investors and counterparties at our core.

www.AlbaCoreCapitalGroup.com

____________________
1 AUM is calculated as the sum of the Net Asset Value, undrawn capital commitments and available debt finance for Fund II as of 31 December 2019.
2 AUM is calculated as the sum of the Net Asset Value, undrawn capital commitments and available debt finance of all vehicles managed by AlbaCore.
3 Gross Internal Rate of Return (“IRR”) is calculated using fully equalised cash flows between Fund II and an investor as if all current investors had been committed to Fund II from inception. Rate of return calculated does not include management or performance fees, which would be reflected in a net internal rate of return (that would be lower) actually received by investors. Gross IRR is net of fund level expenses (including the costs of any such subscription line facility), but gross of management fees and performance fees. Past performance is not indicative of future results, which may vary.
4 Alpha generation is based on the gross composite IRR of AlbaCore Partners I ICAV and Fund II from inception of each fund to 31 December 2019 vs the blended IRR, assuming an equal weighting, of BAML Euro High Yield Index and S&P Euro Lev Loans Index as benchmarks for the performance of relative European credit markets.
5 AUM is calculated as the sum of the Net Asset Value, undrawn capital commitments and available debt finance of all vehicles managed by AlbaCore.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200213005099/en/

CONTACT:

For media enquiries:
Kepler Communications
Charlotte Balbirnie
+44 (0)7989 528421; CBalbirnie@keplercomms.com

原文連結

美國商業資訊

2020-04-07
13:06:00
FPT加入日本最大商業協會Keidanren
10:01:00
New Arthur D. Little Report Reveals Global CEOs’ First Learnings From COVID-19 Pandemic
2020-04-06
09:00:00
亞洲唯一CTIA授權資安檢測實驗室 安華聯網AI產品再獲獎 5G資安強力助攻
2020-04-03
17:29:00
VDX.tv推出全球數位影音公共服務宣導計畫,為大眾提供COVID-19資訊
09:54:00
CSC收購荷蘭TCS-Groep
09:12:00
Shareholders Approve All AGM Resolutions and SES Board Elects Frank Esser as Chairperson
2020-04-02
16:02:00
FLIR推出用於工業監測和皮膚溫度升高篩檢的智慧型熱感測器解決方案
15:59:00
Esri將為WHO成員國提供測繪資源
15:54:00
武田ADCETRIS® (brentuximab vedotin)聯合CHP(Cyclophosphamide、Doxorubicin和Prednisone)用於既往未曾治療的全身性間變性大細胞淋巴瘤成人患者獲得CHMP肯定意見
13:34:00
Jason Kilar被任命為華納媒體執行長
13:16:00
EUSA Pharma和義大利Papa Giovanni XXIII醫院提供接受Siltuximab治療之COVID-19病患的SISCO研究期間分析資料
12:00:00
人工智慧初創公司在全球推出品牌自動化服務
10:02:00
Merrill Corporation宣布更名為Datasite
09:00:00
Enhancing 5G Security, Onward Security Becomes Asia's Only CTIA Authorized Test Lab for Cybersecurity and Wins Awards for its AI Products
2020-04-01
17:29:00
Ingram Micro Cloud在Office 365更名之際為微軟經銷商提供新支援
16:06:00
武田採行高階主管薪酬追回政策
11:43:00
NEC和Kagome將提供可以提高番茄產量的AI服務
10:42:00
ODD CONCEPTS累計吸引投資約1000萬美元,躋身APAC代表性時尚AI企業之列
2020-03-31
20:05:00
i2c任命銀行業高階主管Tracy Seng領導客戶成功團隊
18:30:00
新南威爾斯州警察機關與IDEMIA擴大合作關係,以強化刑事鑑定系統
回頁頂