APS is pleased to announce that Loan ManagementInvesticni Fond, a.s. (Loan Management III) has reached fully invested status and is now closed to further capital inflows. The APS advised fund established in collaboration with Slovak investment group Slavia Capital is targeting distressed debt opportunities in Central, Eastern and Southeastern Europe (CESE). The fund successfully invested EUR 87M across sixteen well-diversified transactions.
The strategy is expected to fully return the invested principal in 2020, and is on track to deliver target performance. The portfolio includes corporate secured loans with exposures in Romania, Bosnia and Serbia, mortgage exposures in Hungary, and unsecured retail exposure in Greece. All transactions are serviced by APS Recovery, the servicing arm of APS.
The successful conclusion of investments of LoanManagement III confirms the dominant position of APS as a co-investor, an investment adviser and a servicer within the CESE region as well as the ability of Slavia Capital to focus it's funding resources on NPL opportunities in the region.
Martin Machon, CEO of APS Group, commented: “The Fund benefits from APS’s fifteen-year track record as a private debt specialist. The key drivers behind the successful conclusion of the Fund’s investments include our extensive knowledge of the regional specifics, wide origination network and long-term experience in investing in and servicing both non-performing, and performing assets. We also look forward to put our skills to work and deliver a follow-up vehicle Loan Management IV, which we are currently raising”.
About APS Group
APS is a leading asset management firm focusing on investment advisory, management of distressed debt, and real estate development within Central and Southeastern Europe. Founded in 2004, the company is headquartered in Prague, Czech Republic. Through its approximately 1,000 experts APS provides services in 17 European countries. The acquisition value of the managed portfolios exceeds € 800 million.