Lyxor launches second European Senior Debt Fund
Lyxor has now launched its second European Senior Debt Fund, aimed at providing exposure to a market characterised by increasing loan issuance numbers.
Domiciled in Luxembourg, it is open to subscription by professional investors for a period of 12 months from 30 June 2014, is an AIFMD-compliant Sicav-SIF fund.
“By investing in European loans, investors get exposure to high yielding debt with a floating rate income profile that ranks at the top of the capital structure of the issuer”, said Thierry de Vergnes (pictured), head of debt investments at Lyxor. “The current issuance dynamic of the market will enable Lyxor to build a well-diversified portfolio of European loans.”
The Fund will target a return of 3m Euribor + 5.5% to 6.5% per year before fees over 6 to 8 years. This will include quarterly income distributions (targeting 3m Euribor + 4.5% to 5% before fees) for distributing share classes.