Corporate financing in Europe is estimated to have reached €100 billion in 2016. In view of this, investors are looking for substitutes for their bond products, the yields on which continue to remain low. Private debt, on the other hand, has shown rapid growth over the last five years.
The credit continuum of Europe's first Fixed Income platform
in assets under management1
launch of the first fund
Private debt fills a deep gap between the supply and demand of funding for corporations or their assets. It is a form of disintermediation that also answers the needs of investors looking for a differentiating and attractive spread alternative to traditional bonds, with similar risk.
Our job is to identify attractive companies that need funding and to perform thorough analyses of the credit quality of the assets and of the documentation and structuration of their operations.
As we have adopted buy and monitor strategies, we support credit throughout its lifecycle and manage the necessary adaptations, as the issuer’s situation evolves.
Being able to adequately monitor credit risks is thus essential. In this regard, our teams pay extreme attention to the profiles of the companies we invest in: for every twenty applications we receive, only one is selected and funded by Amundi.
We also have privileged access to French companies through the Credit Agricole network and 11 banking partners. Since 2012, this has enabled us to invest Eur4.6Bn on close to 100 credit lines.
Our offer fits the needs of French and European professional investors looking to diversify their sources for yield through closed funds, dedicated accounts and transactions.
Drawing on its experience and on the quality of its track record, Amundi launches a new fund: Amundi Dette Senior FPE III, the third in its generation. This new vehicle will help pan-European companies finance their investment, external growth or refinancing projects. Amundi Dette Senior FPE III will especially focus on French midsize corporations.
Amundi Dette Senior FPE III will invest exclusively in senior debt, which is the least risky market segment, and aim at achieving a 75-90 bp premium, compared to similarly risk-prone listed bonds.
Amundi Dette Senior FPE III is an FPE securitization mutual fund, and aims for closing in the third quarter of 2017.
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1. All data are as of June 30, 2018.
This information is exclusively intended for “Professional” investors within the meaning of the MiFID Directive 2004/39/EC of 21 April 2004, and articles 314-4 and following of the General Regulations of the AMF. It is not intended for the general public or for non-professional individual investors within the meaning of all local regulations, or for “US Persons”, as defined in the Securities and Exchange Commission’s “Regulation S” under the 1933 U.S. Securities Act.
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Investing involves risks. The performance of the strategies is not guaranteed. In addition, past performance is not in any way a guarantee or a reliable indicator of current or future performance. Investors may lose all or part of the capital originally invested.
Potential investors are encouraged to consult a professional adviser in order to determine whether such an investment is suitable for their profile and must not base their investment decisions solely on the information contained in this document.
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