YIELCO Investments raises EUR 675m for its private debt strategy and expands its senior private equity investment team with Manuel Deimel
Munich, 03.02.2020 - YIELCO Investments AG, a specialized investor in alternative assets, has successfully grown its private debt activities and announces the final close of its private debt multi-manager program as well as the implementation of a private debt managed account worth a total volume of EUR 675m. Additionally, YIELCO will be joined by an experienced Investment Director, who will lead its Private Equity Co-Investment strategy.
YIELCO Investments AG, a financial services company specializing in investment solutions in infrastructure, private debt and private equity, held the final close of its first private debt multi-manager program YIELCO Private Debt (YPD) at a volume of approx. EUR 325m on 31.01.2020 with capital raised from a number of German and Swiss institutional investors. The fund-of-funds complements YIELCO's service offering in the field of private debt with a conservative strategy, which enables risk-averse investors to enter the asset class in a diversified manner. Additionally, a private debt mandate with a committed capital of EUR 350m has been implemented recently.
The investment program YIELCO Private Debt continues the management's successful track record in the asset class, which extends back to 2004. The focus of the program lies on senior secured loans for companies in the (lower) mid-market, with over 90 % of the portfolio being European transactions. To date, YPD has made six of the planned 9-10 commitments to target funds, and 20 % of the capital has already been called. The existing portfolio provides investors with a high degree of visibility on the portfolio and a positive investment progress.
Dr. Matthias Unser, Founding Partner and Managing Director at YIELCO Investments AG, comments: "YIELCO Private Debt offers investors a substitute for traditional fixed income instruments, with the lowest possible credit risk and the main focus on achieving an illiquidity premium. With appropriate selection, interesting managers and strategies with a conservative risk profile can be identified to build an expand investors' alternative credit portfolios, despite the current challenging market environment. Servicing almost EUR 2bn of assets in the area of private debt, YIELCO has become one of the leading investment solution providers in the market."
With the further expansion of business activities in the private markets area, YIELCO will also strengthen its direct investment and private equity funds expertise from April 1, 2020 by appointing Manuel Deimel as senior member of the private equity team and Head of Co-Investments. Mr. Deimel has more than 12 years of investment experience in private equity and was part of the founding team of SwanCap, where he was most recently Senior Investment Director for Co-Investments. Previously he was active in leveraged finance at UniCredit / HypoVereinsbank, where he provided financing with well-known private equity firms. Mr. Deimel started his career in 2000 in equity research and M&A at ING/BHF Group and HypoVereinsbank.
Dr. Peter Laib, Chairman of the Supervisory Board of YIELCO Investments AG, states: "We look forward to welcoming an additional highly experienced team member to our Private Equity Team. With the addition of Mr. Deimel, our network in the European private equity market and our already existing expertise in the field of Co-Investments will be further enhanced. In the past 15 months, YIELCO has integrated six experienced investment professionals into the team, as well as attracted two renowned members for its industry advisory board."
About YIELCO Investments AG
YIELCO is an independent, globally active, specialized investor in and service provider for alternative assets. As per Q1 2020 the organization services EUR 4bn of capital commitments by institutional investors and family offices in the infrastructure, private debt, and private equity segments - including assets under advisory this amounts to more than 4.5bn EUR. YIELCO already services approx. EUR 2bn of capital commitments for the US and European private debt strategies.
YIELCO Investments AG
Promenadeplatz 12/3 │ 80333 Munich │ Germany
03.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de