LCM Partners Wins at Private Debt Investor's 2015 Awards
LONDON, March 1, 2016 /PRNewswire/ --
LCM Partners is pleased to announce that it has won Private Debt Investor's award for European Distressed Debt Manager of the Year.
Now in their third year, the PDI Awards were established to give credit to the best and brightest industry participants helping to shape private debt markets. With a philosophy that no-one can better determine the standout performers of the year than the industry itself, the global PDI Awards are the only independent industry awards voted for the industry, by the industry.
LCM Partners is delighted to have received such recognition from its industry peers, a reflection of its innovation and ongoing commitment to the credit investment arena. The LCM Credit Opportunities Strategy III launched in mid-2014 and has delivered an annualised unleveraged return of 14.6% since inception. The strategy is composed of a series of managed accounts and commingled funds targeting European and US institutional investors. It is expected to have its final close in 2016.
"LCM Partners is honoured to receive this prestigious industry award from Private Debt Investor, recognition that is made more significant by the fact that our industry peers and clients voted for us.
"2015 was a standout year for LCM, one in which the LCM Credit Opportunities Strategy III went from strength to strength both in terms of fundraising for the strategy, but more importantly in successful deployment of capital achieving strong, unleveraged returns for our Limited Partners.
"We are thrilled to be chosen from such a distinguished list of credit fund managers and look forward to continuing to deliver strong returns for our LPs in 2016," Paul Burdell, Chief Executive Officer, LCM Partners.
Notes to Editors:
LCM Partners is an Alternatives asset manager, which specialises in credit. Offering unrivalled expertise in investing and managing credit portfolios, LCM has acquired 2,000 transactions covering performing, semi-performing, and non-performing loans, representing over €13.5 billion of loan value.
The above award follows the recent Fund Awards 2015 where LCM was recognised as "Best Credit Investor - Europe" as well as other industry awards marking our reputation in this area. These awards are testament to the track record the team has built, delivering an unleveraged average IRR of 14.9% since 1999.
LCM successfully launched its first two consumer NPL funds in collaboration with Insight Investment in 2010 and 2012. In June 2014, LCM launched the LCM Credit Opportunities III Strategy which currently consists of LCM Partners CO I and LCM Partners CO II. LCM Partners CO III is expected to have its first close in July 2016 as a commingled fund for Professional Investors seeking to place €10 million or more. Managed accounts are also available for larger investors interested in the strategy.
The firm is a member of the Link Financial Group, one of Europe's largest investors and managers of credit, which has a presence in five countries across eight offices employing over 450 people. LCM Capital LLP is the Alternative Investment Fund Manager for all LCM funds (FCA - 534658).
LCM Partners
Alison Swonnell
T: +44-203-457-5058
aswonnell@lcmpartners.eu
Paul D Burdell
T: +44-203-457-5060
paulburdell@lcmpartners.eu
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