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As of 31 December 2009
|
|
Assets Under Management
€424.5 million
Closing Date
16 December 2008
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Overview
Fugu CLO B.V. closed in December 2008 at €424.5 million. The fund is predominantly invested in the European senior secured loan market with small investments made in European mezzanine loans. Fugu’s target asset mix is as follows:
- Senior secured loans - minimum of 90%
- Mezzanine loans - maximum of 10%
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Portfolio Characteristics
| Fugu CLO B.V. |
| Capital Structure |
Original Rating |
Spread |
Original Balance |
| Class A |
AAA |
Euribor + 200bps |
€ 262,000,000 |
| Class X - Secured Income Notes |
NR |
- |
€ 162,500,000 |
| Total |
- |
- |
€ 424,500,000 |
Table represents the fund's original capital structure, balance, and tranche ratings.
Ratings: Standard & Poor's