Investcorp raises Mount Row fund to scoop up bargain loans

Money_House_AdobeStock_575x375_18Feb20
By Owen Sanderson
02 Jun 2020

Investcorp said on Tuesday it had raised a new €318m loan fund to acquire "high performing loans at discounted levels" from large cap issuers in the European market. The fund will be leveraged and aim for returns in the mid teens.

Mount Row (Levered) Credit Fund was raised largely during lockdown in the UK and New York, with the pandemic cutting off a planned Asian roadshow — and forcing new investors to run due diligence processes remotely, rather than through the customary manager and office visits.

Around 35% of ...

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