The Company is invested in a diversified portfolio of Bank Capital Solutions Transactions, entered into primarily with UK and European banks. The Company has invested its assets with the aim of spreading investment risk. The Company has invested in Bank Capital Solutions Transactions with a range of underlying asset types, including (but not limited to) mortgage loans, corporate and SME loans, asset backed securities, derivatives and counterparty risks. The Company is currently in its run-off period and returning capital to investors.
Chenavari Capital Solutions seeks to exploit opportunities arising from the increased regulatory capital requirements for European banks under the Basel III framework. The strategy allows banks to reduce the regulatory capital required to be held against specific portfolios of assets.
Type of Fund
Closed ended investment fund
Stock Exchange dealings
The Company’s shares are admitted to trading on the Specialist Fund Market (“SFM”) of the London Stock Exchange. The Company’s TIDM or dealing code on the SFM is CCSL.
The Company’s Investment Manager is Chenavari Investment Managers (Luxembourg) S.a.r.l.
The Investment Adviser is Chenavari Credit Partners LLP, a UK limited liability partnership authorised and regulated by the FCA and by the SEC. For more information about Chenavari Credit Partners LLP please click here
- Corporate broker: Fidante Capital (formerly Dexion Capital plc)
- Administrator: Ocorian Administration (Guernsey) Limited
- Sub-administrator: U.S. Bank Global Fund Services (Ireland) Limited
- Custodian: JPMorgan Chase Bank National Association, Jersey Branch
- Registrar: Link Assets Services
- Auditors: Deloitte LLP
Price and NAV performance
The Fund’s NAV will be determined by the Administrator on a monthly basis. Please see section entitled “Performance” on this website.
Subject to compliance with the Companies Law and the satisfaction of the solvency test set out therein, the Company intends to distribute all its income from investments, net of expenses, by way of dividends on a quarterly basis with dividends declared in October, January, April and July and paid in November, February, May and August in each year. The Company may retain income for distribution in a subsequent quarter to that in which it arises in order to smooth dividend amounts or for the purpose of efficient cash management.
ISA & SIPP eligible
7 October 2013