Launches & Closures

Credit group Chenavari targets bank regulatory capital with five-year lock-up Toro II portfolio


Loïc Fery
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 strategy.

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