|
As of 31 December 2009
|
|
Assets Under Management
€500 million
Closing Date
17 August 2006
|
Overview
Duchess VI closed in August 2006 at €500 million. The fund is predominantly invested in the European senior secured loan market with small investments made in European mezzanine loans. The transaction has up to a 25% GBP bucket, flexibly funded through a multi-currency revolver. Duchess VI's target asset mix is as follows: - Senior secured loans - minimum of 80%
- Mezzanine loans - maximum of 20%
|
Portfolio Characteristics
| Duchess VI CLO B.V. |
| Capital Structure |
Original Rating |
Spread |
Original Balance |
| Class A-1 |
Aaa/AAA |
Euribor +21bps |
€ 215,000,000 |
| Multi-Currency Revolver |
Aaa/AAA |
Euribor +27bps |
€ 125,000,000 |
| Class B |
Aa2/AA |
Euribor +36bps |
€ 35,000,000 |
| Class C |
A2/A |
Euribor +59bps |
€ 25,000,000 |
| Class D |
Baa3/BBB- |
Euribor +140bps |
€ 32,500,000 |
| Class E |
Ba3/BB- |
Euribor +365bps |
€ 15,000,000 |
| Class F - Secured Income Notes |
NR/NR |
- |
€ 52,500,000 |
| Total |
- |
- |
€ 500,000,000 |
Table represents the fund's original capital structure, balance, and tranche ratings.
Ratings: Moody's/Standard & Poor's