CAMRADATA > Assisted Searches > Asset Class > Debt or lease contract – DLC489

Debt or lease contract – DLC489

Assisted Search DLC489
Deadline: Friday 26th June 2020

A UK insurer is using CAMRADATA to search for Debt or lease contracts secured by real estate or other tangible assets. If you would like to put a vehicle, or a number of vehicles, forward for this search then you must contact me with the name of the vehicle that you would like to propose by Friday 26th June 2020.   

All funds being proposed must be listed in CAMRADATA Live, and returns must be up to date i.e. to 31st March 2020.

Assisted searches are run on behalf of institutional investors with specific search requirements. You are able to participate in this and all other Assisted Searches if you subscribe to CAMRADATA Live.

Search Requirements

Deadline  Friday 26th June 2020  

Asset Class  		Debt or lease contracts secured by real estate or other tangible assets

Vehicle
We will consider both pooled funds and segregated mandates. Limited partnerships present some internal challenges, but as long as the return profile of the investment is not a j-curve in nature it should be manageable. Note while the investing entity is subject to Solvency II regulation, it is not subject to the standard formula capital charge (since an internal model is used instead).  

Track Record		A track record of a minimum of 3 years – ideally as long as is possible.

Benchmark / Performance Target  
We would welcome a benchmark suggestion (if a reasonable one exists) from the asset manager  
  Minimum Strategy Size  
With respect to pooled fund investments, it is worth noting that the client will not invest in proportions greater than 10% of the funds’ NAV.  

Size of Potential Mandate		Potentially 50m – 100m of GBP and/or Euro (the mandate will be invested in either GBP or Euro or could be split between the two currencies)

Currency		GBP or EUR denominated investments
  Other Requirements  The client is looking for: 1) Senior, relatively short-dated debt (1-7 years), secured by physical property (or other tangible assets). 2) Predominantly first-lien in nature. 3) Low LTV ratios.

To submit a fund please email info@camradata.com