Our Products
Asset Backed Securities Funds
Investments are made according factors such as risk, security, structure and liquidity. The ability to invest in global markets and in a variety of currencies helps to ensure the best value investments are made.
ABS Fund:
P&G SCO Fund
P&G Structured Credit Opportunities is an investment fund incorporated under Irish law. The fund’s objective is to generate
double-digits returns through active management of a portfolio of European ABS securities
focused on the mezzanine part of the capital structure.
The fund adopts an opportunistic approach where the trading activity constitutes a relevant
driver of performance, adapting its investment strategy to current market conditions
and to the stages of the economic cycle. The investment style is relative value, bottom-up
and the investment portfolio is typically diversified across 10-12 investment ideas for
a total of 35-50 overall positions. Leverage and short selling are allowed under the
mandate. NAV is calculated on a monthly basis and the minimum investment amount is 100.000
Euro.
CDOs of ABS:
ZOO ABS II B.V. Fund
Launched in 2005, ZOO II is a CDO of ABS with focus on the mezzanine part of the capital structure of European ABS deals. The reinvestment period ended on december 2010. Aggregate collateral balance at launch was 250 mln EUR. The notes of Zoo2 trades on the secondary market and are split in tranches of different seniority and yield. The underlying ABS portfolio of Zoo2 is highly granular and diversified.
ZOO ABS 4 PLC Fund
Launched in 2007, ZOO IV is a CDO of ABS with focus on the mezzanine part of the capital structure of European ABS deals.
The reinvestment period ended on may 2012. Aggregate collateral balance at launch was
500 mln EUR. The notes of Zoo4 are fully redeemed. The Internal Rate of Return for the
equity holders (annualized) was 14%
Real Estate Funds
We execute both value-added and income-focused investment strategies across all major property sectors in Italy. We seek to acquire assets that can be enhanced by active asset management such as redevelopment, change of use, or repositioning and well-located, high quality investments that generate attractive risk-adjusted returns for our investors.
P&G RE Le Corbusier
The portfolio consists of 169 real estate assets distributed in four buildings in the province of Padova, Treviso, Venezia, and two commercial development areas, in the provinces of Bologna and Padova.
Fondo Italia Real Estate Investments - Comparto Italia
"Comparto Italia" of "Fondo Italia Real Estate Investments" is a fund invested in both real estate assets and shareholdings in real estate companies. The Fund' strategy is mainly focused on investing in income producing commercial/directional and tertiary/productive real estate, located throughout the entire national territory, as well as in residential building development initiatives. The assets of the fund currently consists of 4 detached buildings located in Roma, Milano and Piacenza, and a development of a complex of luxury villas in Capalbio.
Fondo Italia Real Estate Investments - Comparto Toscano
A reserved real estate alternative investment fund, commenced operations on 8 August 2016 by means of a contribution of 79 residential properties in Tuscany, most of them rented for residential purposes. The assets have been contributed to teh Fund by a cooperative company active in the real estate and construction sector in Tuscany since 1976.
Real Green Fund
Purpose of the Fund is to enhance the asset value, by building and/or restructuring the units and gradually disposing of
them into the retail or the wholesale investors market. The current assets of the Fund
consist of 188 real estate units:
-a residential real estate building completed and currently
being marketed, located in Milano;
-an industrial building located in Trivolzio (Pavia);
-and a residential building in Liscia di Vacca, near Porto
Cervo;
Managed Accounts
P&G manages individual ABS portfolios for institutional investors willing to gain a personalised exposure to the asset class. The client may choose the risk/return profile he is willing to achieve and also indicate a benchmark versus which to measure the performance of the portfolio.
ABS vs benchmark
Credit Management Funds
P&G SGR set up the new Credit Management Business Unit, structured through a family of credit funds reserved for institutional investors. Credit funds are dedicated to the new forms of NPE management positions, originating from small and medium-sized banks. The Fund will professionally manage the Credit Portfolio transferred, with the aim of optimizing the cash flows resulting from the recovery of bad debts and allocating income among the Participants.
P&G Credit Management Uno
P&G Credit Management Uno is composed by over thousand credit secured and unsecured positions. It is one of the first Credit Fund based on NPE collections. The Fund manages an Npl portfolio awarded by six Participant Banks with a gross book value over 50 million.
P&G Utp Management
P&G Utp Management is composed of over two hundred credit secured and unsecured positions. The objective of the Fund is to improve the quality of the debtors and the recovery rates of the loans purchased through debt restructuring agreements. The Fund manages a Utp portfolio awarded by five Participant Banks with a gross book value of over 40 million.
