News Column

Alcentra European Floating Rate Income Fund Net Asset Value Rises

July 18, 2014

Samuel Agini

LONDON (Alliance News) - Alcentra European Floating Rate Income Fund Ltd Friday said that its net asset value attributable to sterling shareholders was EUR176.7 million at the end of March, compared with EUR127.8 million at the same point last year.

The fund invests predominantly in senior secured loans and senior secured bonds issued by European corporates and has additional capacity to invest in mezzanine loans and other debt securities.

The fund, which made its debut on the London Stock Exchange in March 2012 after raising EUR96.8 million gross in its initial public offering, is managed by Alcentra Ltd.

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Source: Alliance News

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