New investment

RNS Number : 0521H

GCP Asset Backed Income Fund Ltd

02 June 2017

 

GCP Asset Backed Income Fund Limited ("GCP Asset Backed" or the "Company")

LEI 213800FBBZCQMP73A815

New Investment

2 June 2017

On 10 March 2017 GCP Asset Backed, which invests in asset backed loans, announced a loan of £15 million secured on a subordinated basis against a portfolio of eight co-living properties and pursuant to which the Company has advanced £14.6 million to date.

The Company today announces an increase to this commitment from £15 million to £19.5 million, which will be funded from the net proceeds of the Company's recent issue of C shares.

For further information, please contact:                                                                           

Gravis Capital Partners LLP		[phone]
David Conlon	[e-mail]
Philip Kent	[e-mail]
Dion Di Miceli	[e-mail]
Cenkos Securities plc		[phone]
Tom Scrivens	[e-mail]
Oliver Packard	[e-mail]
Sapna Shah	[e-mail]
Buchanan		[phone]
Charles Ryland	[e-mail]
Vicky Hayns	[e-mail]

Notes to Editors

The Company

The Company is a closed ended investment company traded on the Main Market of the London Stock Exchange. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.

The Company seeks to meet its investment objective by making investments in a diversified portfolio of predominantly UK based asset backed loans which have contracted, predictable medium to long term cash flows and/or physical assets.

 

END

 

 

MSCLLFEVRFIFIID