Avoca plans listed loan fund

18 Nov 2011

Fund manager Avoca Capital is planning to list a senior loan fund, called Avoca Senior Loans Europe, on the London Stock Exchange on December 14.

Avoca aims to generate an annual return of around 500bp from the fund, which will make between 30-40 investments. At least 80% of the net asset value of the vehicle will be exposed to senior secured loans and no single issuer will represent more than 5% of this ...

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