A Greek private equity fund-of-funds will use securitization as a means of raising assets for investment. The fund, called Taneo, will securitize future revenues such as dividends from the various investments it makes, says Nicole Downer, head of corporate securitizations at Deutsche Bank in London. Deutsche Bank is co-lead managing the deal securitization, which will net the fund roughly E100 million.
The fund will invest in Greek technology companies and will have some government support. The National Bank of Greece and EFG Eurobank are also participating in the deal. Timing for the deal's launch has not been determined.