GCP Asset Backed Income Fund Limited ("GCP Asset Backed" or the "Company")
LEI 213800FBBZCQMP73A815
New Investment
2 June 2017
On 10 March 2017 GCP Asset Backed, which invests in asset backed loans, announced a loan of £15 million secured on a subordinated basis against a portfolio of eight co-living properties and pursuant to which the Company has advanced £14.6 million to date.
The Company today announces an increase to this commitment from £15 million to £19.5 million, which will be 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.
