Credit Opportunities Fund - First Close: Initial Commitments in Excess of US$100M
Story date: 2005.3.07
Cairn Capital, the fast-growing specialist asset manager and solution provider, has signed up UK, European and US investors for the first close of its inaugural Credit Opportunities Fund, with initial commitments in excess of US$100 million.
Focusing on investing in the European credit markets, Cairn’s groundbreaking Credit Opportunities Fund will use credit derivatives and is one of the first such funds to do so in Europe. Commenting on the first closing, Robert Pierce Jones, director of Cairn, said: “Our Credit Opportunities Fund is a pure credit fund. We are delighted at the interest that sophisticated investors have shown in our fund, and are now focused on delivering returns to those investors who have entrusted us with their money. Interest in the credit market and in Cairn Capital has ensured that we are on track to deliver the amount of investment capacity we indicated at the time of the company’s launch last August. To have attracted such a wide range of geographically diverse, blue chip investors with this, our first such fund, is, I believe, a further endorsement of Cairn’s investment and business strategy.”
This information is issued by Cairn Financial Products Limited, which is authorised and regulated by the Financial Services Authority.
ENDS
For further information, please contact: Tim Frost +44 (0)20 7290 6650 Cairn Capital Julian Walker +44 (0)20 7190 1705 Gainsborough Communications
