Bottom up research focused on credit and distressed analysis. Focus on avoiding fraud.
Focused on worst case. Targeting maximum absolute drawdown of 3% per position.
Leading restructuring committees. Direct engagements with companies.
Our process focuses on capturing premiums from leading restructurings and providing fresh capital to Nordic debt restructurings. The fund invests in debt across all sectors except "brown" energy. Twenty to forty investments across distressed debt, special situations and high yield.
Our approach is humble, measurable and achievable:
As 2019 the Nordic high yield market was over 45 billion euros in size. That is approximately half of the European high yield market in 2010. The Nordic market is dominated by issuance from Norway and Sweden, followed by Finland and Denmark.