Investcorp secures $378.5m for new Italy fund

Bahrain-based alternative investment manager Investcorp has secured US$378.5 million (€340 million) in commitments for a new fund targeting Italian distressed credit. The Italian Distressed Loan Fund II will invest in non-performing loans (NPLs) secured by residential and commercial real estate. Investcorp will be exclusively advised by Milan-based Eidos Partners. This is Investcorp’s second fund to focus on Italy’s troubled credit market and with the help of Eidos Partners and the firm has so far allocated €510 million to the strategy. “Several years ago we identified that many banks across Italy would need to reduce their credit exposure and strengthen their balance sheets, creating opportunities for investors with strong underwriting expertise,” said Timothy Mattar, global head of distribution at Investcorp. “We know the Italian NPL market well and we have further strengthened our capabilities through partnerships with dedicated local expertise.” There are “compelling opportunities to acquire attractive loans at significant discounts in the Italian NPL market,” said Elena Ranguelova, portfolio strategist at Investcorp, adding that the latest NPL fund “will help fulfil an important market need”. © 2020 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.


Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.