Contrarian believes that there is a large and growing opportunity to provide debt capital to issuers who no longer meet the profile of traditional bank debt and mezzanine investors, despite the fact these loans would be adequately collateralized by fund amentally-sound companies
The Direct Lending Strategy seeks to generate superior risk-adjusted returns by making direct investments in secured first and second lien debt and other securities.
The Direct Lending Strategy seeks to generate superior risk-adjusted returns by making direct investments in secured first and second lien debt and other securities.
-The Strategy focuses on the North American and European markets. The majority of the portfolio will be invested in second lien securities, but it also has the flexibility to invest in first lien loans and mezzanine investments.
Portfolio focusing on middle market companies underserviced by traditional banks, mezzanine investors and other lenders
-Generally target companies with revenues of at least $75 million and EBITDA of at least $7.5 million
Unique core competency in privately-traded instruments, particularly in stressed and distressed situations
- Contrarian is one of the few managers with the experience, resources and infrastructure necessary to identify, analyze and structure direct dflending investment opportunities
- Contrarian is committed to being a flexible, long-term partner to our borrowers
Strong team of 5 investment professionals
-Works in conjunction with Contrarian’s Paris-based European Fund to source investment opportunities in Western Europe
Diversified portfolio targeting approximately 20-33 investments
-Diversified across strategy, industry, capital structure and/or country to reduce risk
-The Direct Lending Strategy does not currently employ leverage.
-The Direct Lending Strategy does not currently employ leverage.
The Direct Lending Strategy will invest in the following:
Portfolio Manager: Keith McCormack
© 2010 Contrarian Capital Management, LLC. All Rights Reserved.