GCP Asset Backed Income Fund Limited ("GCP Asset Backed Income" or the "Company") (LEI 213800FBBZCQMP73A815)
New investment
The Company, which invests in asset backed loans, is pleased to announce a senior loan of €7.8 million financed against the contracted management fees of a European based fund manager. The loan has been funded from the net proceeds of the Company's recent issue of C shares.
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Notes to Editors
The Company
The Company is a closed ended investment company traded on the Main Market of the London Stock Exchange. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.
The Company seeks to meet its investment objective by making investments in a diversified portfolio of predominantly UK based asset backed loans which have contracted, predictable medium to long term cash flows and/or physical assets.
