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Alternative Market Briefing

Kempen's new fund-of-funds to focus on distressed debt

Tuesday, January 05, 2021

Laxman Pai, Opalesque Asia:

UK-based specialist asset management company Kempen Capital Management (KCM) has launched a fund-of-funds investing in distressed debt securities to sit within its existing alternatives range.

According to a press release from the investment management firm, the introduction of the new pool represents an important addition to the current range of alternative investment products offered by Kempen, as it will give professional and retail investors innovative and cost-efficient access to the Distressed Debt market.

Distressed Debt involves purchasing debt securities of companies that are in financial or operational distress, have defaulted, or are in bankruptcy, said the provider of financial services to institutional investors.

"These debt securities are trading at a distressed level; well below par value. Distressed Debt funds can form a safety net for companies with too much debt by playing an active role in the restructuring of these companies and subsequently providing them with new capital," it added.

The Diversified Distressed Debt Pool is built up of Distressed Debt funds that are carefully selected by Kempen, a firm that has invested in this strategy since as far back as 2005.

The pool gives investors access to the Distressed Debt market through five dedicated and highly experienced investment specialists to provide good risk diversification. In addition, the pool has an open-end structure that allows investors to enter mo......................

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