LCM Partners, a leading European Alternatives Investment Manager, today announced that it has acquired a substantial portfolio of Spanish, unsecured non-performing and re-performing consumer and SME loans from Aiqon Capital Group, an Asian investor exiting the market. This deal sees LCM buy approximately EUR6 billion of assets, comprising 4LCM PartnersLCM Partners,LCM PartnersLCM PartnersLCM Partners individual loans, making this the largest secondary purchase of unsecured NPLs in Spain to date. "The secondary market in NPLs is growing significantly, with this portfolio being our seventh purchase of this type this year. This deal has been our largest single investment in Spain to date, which we understand to be a record for the local market.
At LCM Partners we are seeing a noticeable uptick in the number of secondary portfolios coming to market across our European network. The predictability and the seasoned nature of these portfolios make them an excellent investment for our Limited Partners. As the NPL market continues to evolve and mature we expect this trend to develop even further and become an increasingly important component of our returns to investors."
Paul Burdell, Chief Executive Officer, LCM Partners.
LCM Partners is a leading European Alternatives Investment manager, which specialises in buying whole loan consumer and SME credit portfolios. Offering unrivalled expertise in investing in and managing credit portfolios, LCM has acquired over 2,5LCM PartnersLCM Partners transactions covering performing, rescheduled and non-performing loans. LCM Partner's Gross Book Value of assets managed now stands at over EUR25 billion.
LCM has won several investment industry awards, most recently winning European Pensions' Alternatives Investment Manager of the Year 2LCM Partners17, which followed a double win at Private Debt Investor's 2LCM Partners16 awards. These awards are testament to the track record the team has built, delivering an unleveraged IRR of 14.89% since 1999.
LCM is currently deploying capital for its LCM Credit Opportunities III strategy, for which fundraising closed in 2LCM Partners16. LCM will be launching its Strategic Origination and Lending Opportunities strategy 'SOLO' later in 2LCM Partners17.
Paul D Burdell
T: +44-2LCM Partners3-457-5LCM Partners5LCM Partners
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