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COHEN BROTHERS
Global Fund Placement
ING RiverRock Senior Loan Fund II
Low Risk:
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Pure senior debt strategy
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Loan to established companies from the upper mid-cap segment (average € 375 million turnover & € 75 million ebitda)
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Very wide portfolio diversification aiming for a 100 loan, compared to the concentrated portfolio of traditional private debt funds where the general partner is the lead arranger and sole loan provider.
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Average credit rating of BB
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Zero default history
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Differentiated Strategy:
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Access to the European club deal market through co-investment alongside ING, ING being a top 5 leveraged finance provider in Europe.
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Exclusive access to and independent review of all ING deal flow, ING RiverRock providing an additional layer of independent due diligence and investment committee decision.
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JV in place until liquidation of the fund.
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Wide portfolio diversification and speed of deployment advantage.
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The lead generally has a relationship history with the borrower.
Superior Risk Return:
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A superior risk/ return profile, Club Deals ensure lower leverage, stronger covenants, lower competition and higher return for LPs estimated to 50 basis points.
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Expected gross return 8% to 10%
Email us your questions or request ? Reach out via email at robert.cohen@cohenbrothers.eu
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