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Banco Santander director closed his debt fund, Santander’s private debt 1, 115 million euros, After receiving an “exceptional” reception among investors, the authority highlighted it in a statement.
This vehicle provides access to private debt markets in multi-manager, while 80% of the portfolio consists of senior debt. Geographically, the fund will be exposed to the US for 50% and Europe for the remaining 50%.
Additionally, aim to invest in, at a minimum, 150 loans To achieve a high degree of diversification. The estimated life of the product is seven years, although the average life of the wallet is expected to be between four and five years.
Santander Asset Management’s illiquid alternatives team was created at the end of 2019 and is part of the deep transformation process the company began three years ago.
Formed by 30 professionals in Spain, UK and Latin America, they also manage the fund Alternative RentalAnd A hedge fund that invests in financing mostly Spanish small and medium businesses; the Trade FinanceAnd He is also internationally famous Signal Santander European Hospitality OpportunitiesAnd that invest in hotels, and Renewable Energy Fund, with Sancus.
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