Alcentra Holds Final Close On Structured Credit Opportunities Fund IV
Fixed income specialist Alcentra has held the final close of its Alcentra Structured Credit Opportunities Fund IV at $484mn. The fund will invest in structured credit debt and equity securities in the US and Europe.
Cathy Bevan, Co-Head of Structured Credit and Portfolio Manager at Alcentra commented:
“The past year has been an extraordinary year for the structured credit market, and certainly one to remember. We're thrilled to have successfully completed the fundraising for ASCOF IV. This will enable us to continue to take advantage of the exciting opportunities we see in the structured credit markets, and in particular in CLO tranches.”
This fundraising brings assets under management for Alcentra’s structured credit platform to over $8bn across a combination of open and closed end funds and separately managed accounts, and firm AUM to $42.4bn.
“The volatility presented during 2020 shows the value of having long term, committed capital available to be invested in times of stress” added Hiram Hamilton, Co-Head of Structured Credit and Portfolio Manager at Alcentra.
© The Sortino Group Ltd
All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency or other Reprographic Rights Organisation, without the written permission of the publisher. For more information about reprints from AlphaWeek, click here.