|
As of 31 December 2009
|
|
Assets Under Management
€500 million
Closing Date
07 December 2005
|
Overview
Duchess V closed in December 2005 at €500 million. The fund is predominantly invested in the European senior secured loan market with small investments made in European mezzanine loans. Duchess V's target asset mix is as follows: - Senior secured loans - minimum of 80%
- Mezzanine loans - maximum of 20%
|
Portfolio Characteristics
| Duchess V CLO B.V. |
| Capital Structure |
Original Rating |
Spread |
Original Balance |
| Class A-1 |
Aaa/AAA |
Euribor +25bps |
€ 290,000,000 |
| Class A-2 |
Aaa/AAA |
Euribor +25bps |
€ 50,000,000 |
| Class B |
Aa2/AA |
Euribor +38bps |
€ 35,250,000 |
| Class C |
A2/A |
Euribor +60bps |
€ 29,500,000 |
| Class D |
Baa3/BBB- |
Euribor +160bps |
€ 31,500,000 |
| Class E |
NR/BB |
Euribor +450bps |
€13,750,000 |
| Class F - Secured Income Notes |
NR |
- |
€50,000,000 |
| Total |
- |
- |
€ 500,000,000 |
Table represents the fund's original capital structure, balance, and tranche ratings.
Ratings: Moodys/Standard & Poor's