Chenavari Toro fund skews to private ABS

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By David Bell
26 Jan 2017

Chenavari’s Toro Limited fund, which targets European ABS and invests in the private equity firm’s European CLO business, is accelerating its rotation away from public ABS in favour of higher yielding private transactions.

In a Tuesday update on the listed fund, Benoit Pellegrini, fund manager said that the fund was looking to take advantage of high demand for public ABS bonds to sell down its public ABS position and focus on committing capital to private transactions and its direct origination ...

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