Credit group Chenavari targets bank regulatory capital with five-year lock-up Toro II portfolio
Wed May 25, 2011
Chenavari Investment Managers, the $1.8 billion London credit
hedge fund firm led by Loïc Fery, has rolled out a new
European structured finance fund focused on opportunities in
regulatory capital as a continuation of the brand name of its
highly-successful Toro Capital I fund, a European mezzanine ABS
The launch of Toro II looks well-timed, as it will focus on
opportunities arising from changes in the regulatory
environment for European banks. It debuted in April with around
$75 million from a combination of new and existing investors.
Chenavari is currently in advanced discussions with investors
for Toro II, primarily on the...
ISSN: 2151-1845 / CDC10004H
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