PR Newswire
24 Apr 2023, 17 GMT+10
LONDON, April 24, 2023 /PRNewswire/ -- LCM Partners (LCM) today announced the successful final close of the Credit Opportunities 4 Strategy, with total capital commitments of 4.1 billion across the commingled fund together with several separately managed accounts. Commitments have been received from 23 limited partners with support from many of the largest institutional investors globally including pension plans, sovereign wealth funds and insurance companies from North America, Europe and Asia.
Established in 1998, the Group has grown to become one of Europe's largest specialist managers in Private Credit with an unrivalled track record managing consumer and SME loans. With over 1,100 people in 14 offices across 9 European countries, the business is responsible for c.60bn of loan value. Backed by a senior management team that has been in place since 2002 and a data warehouse which consists of loan-by-loan level data on over 5.3 million customers since inception, Credit Opportunities acquires granular pools of performing, re-performing and non-performing loans from banks and other financial institutions.
Paul Burdell, CEO of LCM Partners, said:
"We are incredibly proud to have closed the Credit Opportunities 4 Strategy with 4.1 billion of commitments which exceeds our original target and is testament to the strength of our 24-year track record. We're excited to be working with some of the most prestigious institutional Private Credit investors globally during what will continue to be a very fertile investment environment."
Adrian Cloake, CIO of LCM Partners, added:
"The rising interest rate environment is creating a plethora of both performing and non-performing loan investment opportunities. 2022 was a record year of deployment for LCM and I have every confidence we'll reach new highs in 2023. The completion of our fundraise could not be more timely."
LCM Partners
Investor Relations
T: +44 203 457 5050
info@lcmpartners.eu
Notes to Editors:
LCM is one of Europe's leading alternatives asset managers, specialising in whole loan consumer and SME credit portfolios. LCM has two Private Debt strategies. COPS (Credit Opportunities) which invests in pools of seasoned performing, re-performing and non-performing loans and SOLO (Strategic Origination and Lending Opportunities) which is an EU SFDR Article 8 compliant asset-backed direct lending strategy that partners with banks, finance and leasing companies as well as with OEMs by providing product financing at the point of sale. Brookfield Asset Management Ltd has a significant minority shareholding within LCM and its Group companies.
For more information, please visit LCM's website at www.lcmpartners.eu
Get a daily dose of Kuala Lumpur Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kuala Lumpur Times.
More InformationIsrael has acknowledged and thanked the United States and President Joe Biden for standing firmly by Israel's side at the ...
NEW YORK: This week, New York City officials said that one person was killed and six others were injured when ...
NEW YORK, New York - The United Kingdom refrained from supporting demands for a ceasefire in the two-months long Israel-Gaza ...
NEW YORK, New York - The U.S. was alone on Friday in a 13-1 vote for a ceasefire in the ...
WASHINGTON D.C.: The Associated Press (AP) reported that Manuel Rocha, a former American diplomat who served as U.S. ambassador to ...
MADISON, Wisconsin: On November 30, Hridindu Sankar Roychowdhury from Wisconsin pleaded guilty to firebombing a conservative anti-abortion group's office on ...
KATHMANDU, Nepal - The Rukum Paschim District Court sentenced 24 people to life in prison for their roles in the ...
NEW YORK: This week, ratings agency Moody's warned that it could downgrade China's credit rating, citing costs to bail out ...
TOKYO, Japan: This week, the U.S. Air Force said that divers have discovered the wreckage and the remains of five ...
VANDENBERG, California: South Korea successfully launched its inaugural military spy satellite, following North Korea's recent claim of deploying its own ...
JAKARTA, Indonesia: The death toll from the eruption of Indonesia's Marapi volcano surged to 22 as rescuers discovered additional climbers ...
DHAKA, Bangladesh - PM Sheikh Hasina is ranked 46th on Forbes' list of the World's 100 Most Powerful Women in ...