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About the company
Chenavari Toro Income Fund Limited is a Guernsey-based closed-ended investment company. The investment objective of the Company is to deliver an absolute return from investing and trading in asset backed securities (ABS) and other structured credit investments in liquid markets and investing directly or indirectly in asset backed transactions including, without limitation, through the origination of credit portfolios. It invests or trades opportunistically in primary and secondary market asset backed securities and other structured credit investments, including private asset backed finance investments. It invests in transactions on a buy-to-hold basis, via a variety of means, including, without limitation, warehouse credit facilities that can originate credits that may be refinanced in structured credit markets, as well as other financing opportunities. It also invests in originators. Carne Global AIFM Solutions (C.I.) Limited acts as the Company’s alternative investment fund manager.
- Revenue in EUR (TTM)34.85m
- Net income in EUR27.08m
- Incorporated2015
- Employees0.00
- LocationChenavari Toro Income Fund LimitedFloor 2, Trafalgar Court, Les BanquesSAINT PETER PORT GY1 4LYGuernseyGGY
Profile
Management group(s) | Chenavari Credit Partners LLP |
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AIC sector | Debt - Structured Finance |
ISIN | GG00BWBSDM98 |
Launch date | 08 May 2015 |
Share type | Ordinary Share |
Structure | Investment Trust |
Base currency | EUR |
Objective
To generate attractive, risk-adjusted returns, through investing, and in some cases, trading opportunistically, in structured credit markets or asset backed transactions via three sub-strategies: Public Asset Backed Securities , Private Asset Backed Finance and Direct Origination. The Company seeks to invest in a diversified portfolio of exposures to predominantly European based obligors.
Managed by
Frederic Couderc |
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Management & contract fees
Management fee is 1% p.a. of NAV. Performance fee of 15% of the total increase in the NAV per Share of the relevant Class at the end of the relevant performance period.
Peer analysis
Company | Revenue (TTM) | Net income (TTM) |
---|---|---|
Majedie Investments plc | 25.30m | 20.42m |
JZ Capital Partners Limited | 14.68m | 1.45m |
Albion Development VCT PLC | 10.50m | 6.87m |
Chenavari Toro Income Fund Ltd | 34.85m | 27.08m |
Amicorp FS (UK) PLC | 11.62m | -102.13k |
Albion Technology & General VCT PLC | 9.16m | 5.19m |
M&G Credit Income Investment Trust PLC | 18.12m | 15.89m |
abrdn Diversified Income and Growth PLC | 2.45m | -8.31m |
Keystone Positiv Chng Invstmnt Trust PLC | 8.89m | 5.72m |
Albion Enterprise VCT PLC | 7.85m | 3.98m |
Duke Capital Ltd | 30.54m | 13.85m |
Blackrock Energy and Rsrcs Incm Trst PLC | 32.77m | 28.78m |
Downing Renewables & Infrstrctr Trst PLC | 12.30m | 8.26m |
Mobeus Income & Growth VCT PLC | 10.84m | 7.58m |
Mercia Asset Management PLC | 41.63m | -9.05m |
Hargreave Hale AIM VCT PLC | -21.88m | -26.79m |
Institutional shareholders
Holder | Shares | % Held |
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Chenavari Credit Partners LLPas of 30 Sep 2023 | 107.31m | 33.32% |
Brooks Macdonald Asset Management Ltd.as of 31 Jan 2022 | 5.28m | 1.64% |