NetworkNewsBreaks – illimity SGR Completes 1st Closing of ‘illimity Credit & Corporate Turnaround Fund’
illimity SGR, the illimity Group’s asset management company created to set up and manage alternative investment funds, recently announced the first closing of its fund, “illimity Credit & Corporate Turnaround” (“iCCT”). According to the update, the contribution fund is dedicated to investments in unlikely-to-pay (“UTP”) loans to small and medium-sized enterprises (“SMEs”) with revival and relaunch prospects. “The management team of our first turnaround fund effectively combines financial and industrial skills that allow us to look beyond the reports to capture the potential of the companies in which the fund invests,” said illimity SGR’s UTP & Funds unit head Paola…
