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Alcentra European Credit - buyout credit fund

2008-03-22

Count of distinct funds: 1
Capital base: $500M
Loss: ?

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stories: businessweek.com

Mentioned in a BusinessWeek article on March 5th (linked above) as having suspended or limited redemptions.

This page describes Alcentra and lists a number of CDOs and CLOs which presumably they created. Alcentra is briefly described thusly:

Alcentra’s European team was formed through the acquisition of Barclays Capital Asset Management Limited (BCAM) a wholly owned subsidiary of Barclays Bank Plc. Alcentra Europe is a long established investor in the European high yield bond market and one of the largest institutional investors in the European leveraged loan market. Senior members of the loan product sourcing team have experience within the European markets.

Take a look at the CDO/CLO list. There is a lot of stuff in there that looks pretty scary.

That's all we have. Definitely let us know if you know more.

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Important: This fund is on our list of hedge funds that are apparently ailing or which we think are worth watching for any other reason. Ailing funds haven't shut down, but they've suffered significant value declines and/or temporarily halted redemptions. Funds on watch may not even have unusual declines, but may be posted if it is felt there may be risk of developing a more serious condition eventually.