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As of 31 December 2009
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Assets Under Management
€525 million
Closing Date
19 May 2005
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Overview
Duchess IV closed in May 2005 at €525 million. The fund is predominantly invested in the European senior secured loan market with small investments made in European mezzanine loans. Fully invested within three months of closing, Duchess IV's target asset mix is as follows: - Senior Secured Loans - minumum of 80%
- Mezzanine Loans - maximum of 20%
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Portfolio Characteristics
| Duchess IV CLO B.V. |
| Capital Structure |
Original Rating |
Spread |
Original Balance |
| Class A |
Aaa/AAA |
Euribor + 24bps |
€ 357,000,000 |
| Class B |
Aa2/AA |
Euribor + 36bps |
€ 38,000,000 |
| Class C |
A2/A |
Euribor + 60bps |
€ 30,100,000 |
| Class D |
Baa3/BBB- |
Euribor + 150bps |
€ 32,800,000 |
| Class E |
NR/BB- |
Euribor + 475bps |
€ 14,600,000 |
| Class F - Secured Income Notes |
NR/NR |
- |
€ 52,500,000 |
| Total |
- |
- |
€ 525,000,000 |
Table represents the fund's original capital structure, balance, and tranche ratings.
Ratings: Moody's/Standard & Poor's