The Supply Chain Fund, the first Italian fund specialized in the purchase of loans from SMEs and launched in Italy by Groupama Asset Management Sgr, saw the indirect entry of Alifond, one of the main Italian pension funds dedicated to food industry workers and related sectors, as the first Italian non-captive institutional investor.
The investment, which provides for an initial amount of 5 million euro and possible subsequent investment tranches, will be made within a pre-existing management mandate (Total Return) between Groupama Am Sgr and Alifond, thus maintaining a profile of risk/return aligned to that of a pension fund.
With this investment, Alifond will also become a member of the Investors' Committee, a body set up to periodically update investors on everything related to the life of the Supply Chain Fund.
The Supply Chain Fund is reserved for professional investors and belongs to the Private Debt family of closed-end funds. The investment profile of the fund is similar to a very short-term bond product, as the average duration of the credits can be estimated on average between 90 and 120 days, with a target return equal to Euribor + 200 basis points net of costs .
