LONDON and NEW YORK, Oct. 3,
2017 /PRNewswire/ -- Alcentra Limited and Alcentra NY, LLC
(collectively "Alcentra"), the alternative fixed income specialist
for BNY Mellon Investment Management (IM), today announced the
final closure of Clareant Strategic Credit Fund, L.P., a €690
million closed end fund dedicated to opportunistic investing in the
loans, bonds and structured credit of European companies.
This fundraising brings assets under management for Alcentra's
special situations investment platform, which was launched in 2007
to over €1.0 billion. The global investment team dedicated
exclusively to opportunistic investing in corporate and structured
credit consists of 15 professionals.
To date, Alcentra has invested over €1.5 billion in loans,
bonds, mezzanine and equity investments across its special
situations investment platform, and has played leading roles in the
refinancing and, or restructuring of companies across a broad range
of industries in countries such as the United Kingdom, Ireland, Germany, France and Italy. Alcentra's special situations strategy
has been the recipient of numerous industry recognitions from
publications including: Barron's (2017), Hedge Fund Review (2016),
Prequin (2015) and Barclays Hedge (2015). For additional
information, please refer to Alcentra's website at
www.alcentra.com.
David Forbes-Nixon, Chairman and
Chief Executive Officer for Alcentra, said:
"Such strong support from a global, sophisticated investor group
is an endorsement of the success Alcentra has had delivering
attractive returns in the special situations arena for nearly a
decade. The Strategic Credit fund is a strong complement to our
strategy, as it provides us with patient, stable capital that
enhances our ability to take advantage of market volatility and
longer term, less liquid investment opportunities."
Notes to editors:
Alcentra is a global asset management firm with assets under
management of approximately $33bn
2. Alcentra has an investment track record that dates
back to 1998. Strategies include: senior loans, high yield bonds,
direct lending, structured credit, special situations, and
multi-strategy credit. Alcentra is a subsidiary of The Bank of
New York Mellon Corporation and is headquartered in London, with offices in New York and Boston.
BNY Mellon Investment Management is one of the world's leading
investment management organizations and one of the top U.S. wealth
managers, with $1.8 trillion in
assets under management3. It encompasses BNY Mellon's
affiliated investment management firms, wealth management services
and global distribution companies. More information can be found at
www.bnymellon.com.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of June 30, 2017, BNY Mellon had $31.1 trillion in assets under custody and/or
administration, and $1.8 trillion in
assets under management. BNY Mellon is the corporate brand of The
Bank of New York Mellon Corporation (NYSE: BK). Additional
information is available on www.bnymellon.com, or follow us on
Twitter @BNYMellon.
Unless otherwise stated herein, all information sourced by BNY
Mellon as of 1 October 2017. This
press release is qualified for issuance in the UK and Europe and is for information purposes only.
It does not constitute an offer or solicitation of securities or
investment services or an endorsement thereof in any jurisdiction
or in any circumstance in which such offer or solicitation is
unlawful or not authorized. This press release is issued by BNY
Mellon Investment Management EMEA Limited to members of the
financial press and media and the information contained herein
should not be construed as investment advice. The value of
investments can fall. Investors may not get back the amount
invested. Income from investments may vary and is not guaranteed.
Investment Managers are appointed by BNY Mellon Investment
Management EMEA Limited (BNYMIM EMEA) or affiliated fund operating
companies to undertake portfolio management activities in relation
to contracts for products and services entered into by clients with
BNYMIM EMEA or the BNY Mellon funds. Registered office of BNY
Mellon Investment Management EMEA Limited: BNY Mellon Centre, 160
Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated
by the Financial Conduct Authority. A BNY Mellon Company.
1 Any losses in the Clareant Strategic Credit Fund
(the "Fund") will be borne solely by investors in the Fund and not
by BNY Mellon (including its affiliates); therefore BNY Mellon's
losses in the Fund will be limited to losses attributable to the
ownership interests in the Fund held by BNY Mellon and any
affiliate in its capacity as an investor in the Fund or as
beneficiary of a restricted profit interest held by BNY Mellon or
any affiliate. Ownership interests in the Fund are not insured by
the FDIC, and are not deposits, obligations of, or endorsed or
guaranteed in any way, directly or indirectly, by BNY Mellon or any
of its affiliates. The investor should read the Fund's offering
documents before investing, which includes information about the
role of BNY Mellon, its affiliates and their employees in
sponsoring or providing services to the Fund.
2 As of 30 June 2017;
Assets under management reflect assets of all accounts and portions
of client accounts managed by Alcentra and its affiliates.
Specifically, certain assets under management reflect assets
managed by Alcentra personnel as employees of The Bank of New York
Mellon Corporation, Standish Mellon Asset Management LLC, and The
Dreyfus Corporation under a dual employee arrangement.
3 As of 30 June
2017
Contact:
Christian Zarro
+44 207 163 3490
christian.zarro@bnymellon.com
Ben Tanner
(212) 635 8676
ben.tanner@bnymellon.com
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SOURCE Alcentra