About AnaCap Financial Europe
AnaCap Financial Europe S.A. SICAV-RAIF (AFE) invests in a diverse range of performing and non-performing debt portfolios and direct real estate opportunities. AFE manages its portfolio via its own dedicated in-house master-servicing platform based out of the UK and Luxembourg, including affiliates in core geographies of Spain, Portugal and Italy, which also provide and offer services to AnaCap’s Credit Opportunities Funds.
AFE further benefits from the wide network and extensive track record in origination, underwriting and servicing that AnaCap has developed since 2005, including broad based expertise spanning unsecured and secured consumer, SME and corporate debt, structured credit and real estate.
AFE also considers ESG factors as part of its risk analysis, investment process and master servicing activities and believes a robust analysis of ESG related issues is fundamental to understanding the long-term sustainability of its investments and their profitability and return on investment. Please see our ESG policy here, which is compliant with the EU’s Sustainable Finance Disclosure Regulation.
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AnaCap Financial Europe S.A SICAV-RAIF
€325,000,000* Senior Secured Floating Rate Notes due 2024
Three-month EURIBOR plus 5% per annum, reset quarterly
Interest Payment dates quarterly on February 1 , May 1,August1, and November 1, commencing on November 1 2017
Trade Date 13 July 2017
Maturity August 1 ,2024
*During Q2 2019 €17,500,000 Senior Secured Floating Rate Notes were purchased and cancelled with immediate effect.
Management and Governance
The Company is an alternative investment fund within the meaning of the Alternative Investment Fund Manager Directive and is a reserved alternative investment fund within the meaning of the RAIF Law.
Board of Directors
The persons set forth below are the current members of the Board of Directors of the Company:
Chris became a Director of the Company on 28 June 2017, holding the role of Chief Financial Officer until 31 December 2020 and currently serving as Chair of the Audit Committee since 01 January 2021. Chris was previously the Chief Financial Officer of Cabot Credit Management from July 2012 to December 2015 and worked as the group finance director of BPP Holdings PLC (included in the FTSE 250 Index) prior to this, which was sold to Apollo Global, Inc. in 2009, following which he assisted with the integration of BPP Holdings PLC into Apollo Global, Inc. He has over 25 years of board level experience in business services, including a period as Chief Executive Officer, building strong experience in acquisitions and disposals, including two public-to-private transactions, and for private equity portfolio companies. Chris holds a BSc in Accounting and Finance from Loughborough University.
Carne Global Fund Managers (Luxembourg) S.A. is a public limited company (soci´et´e anonyme), incorporated and existing under the laws of Luxembourg.
The Company’s AIFM has delegated in full the portfolio management of the Company’s assets to the Portfolio Manager (AnaCap Investment Manager Limited) pursuant to an investment management agreement dated June 28, 2017 between Carne, the Portfolio Manager and the Company (the ‘‘Investment Management Agreement’’).
The Portfolio Manager will receive advice and assistance in the performance of its duties from the Investment Adviser (AnaCap Financial Partners) pursuant to an advisory agreement dated June 1, 2015 between the Portfolio Manager and the Investment Adviser (the ‘‘Advisory Agreement’’).
CEO-CIO ( 27 years of experience )
Joe founded AnaCap Financial Partners in 2005 as Europe’s first specialist private equity firm focusing on the financial services sector. Since inception, the partnership has grown from €300 million to more than €3 billion of assets under management, and AnaCap is now the leading financial services investor in Europe, owning three insurance businesses and banks in five jurisdictions. Before founding AnaCap, Joe co-founded auto finance company On:line Finance, which was the first investment grade rated start-up in Europe and the first lender over the internet in Europe. From launch, On:line grew to over a billion dollars in assets within five years, and was one of the ten fastest growing companies in the UK during that period. On:line was subsequently acquired by GMAC UK, the UK finance arm of General Motors, with Joe becoming CEO of GMAC UK. Previously, he was a Vice President at Salomon Brothers.