INVESTMENT STRATEGY
Credit Opportunities is an Italian institutional investor oriented at value creation for distressed corporates and its creditors.
Credit Opportunities focuses on distressed Italian companies with an investment strategy that integrates Distressed Credit, i.e. the purchase and proactive management of non-performing exposure, and Distressed Corporates, i.e. direct investments in the distressed company.
Investment strategy is focused on three pillars, declined on the Italian market environment, and tailored to support distressed corporates’ stakeholders:
- Fundamental and single name underwriting approach
- Proactive asset management with an integrated Distressed Credit and Distressed Corporates approach
- Focus on mid-size opportunities, with flexibility for larger tickets
KEY DISTINCTIVE FEATURES
AND REPUTATION
- Unique network with creditors (mainly banks and servicers), interested in maximizing NPE value and shorten recovery timings
- Consolidated experience with insolvency bodies and entrepreneurs thanks to a capillary network of trusted professionals all over the Italian territory
AND INTEGRATED STRATEGY
- The adoption of a single name approach based on fundamental analysis is key to avoid the mispricing of NPEs acquired
- Moreover, the adoption of an integrated strategy allows to properly trigger entry/exit, in coherence with the time constraints typical of institutional investors
BASED ON DERISKING
AND MAXIMIZATION OF RETURNS
- Proprietary and sophisticated deal structuring able to optimize deals risk / return profile, based on three strategic pillars: (i) maximization of capital protection, (ii) decorrelation of the underlying asset base and (iii) unlock of upside potential.
IN THE SPECIAL SITUATIONS ENVIRONMENT
- Strong technical capabilities to underwrite all NPEs categories, ranging from super senior to senior secured and unsecured credits
- Screening and underwriting activities tailored on the specific features of each NPEs category
INTEGRATED INVESTMENT APPROACH
Integrated strategy
By adopting an integrated investment strategy, a DC deal can be turned into a DCO deal, ultimately maximizing investors returns.
DISTRESSED CREDIT (DC)
Purchase and management of single name NPE.
BUY-TO-HOLD
STRATEGY
Almost passive strategy, waiting for the credit collection.
BUY-TO-OWN
STRATEGY
Proactive management to take over the underlying assets, leveraging on the Italian insolvency law framework.
BUY-TO-TRADE
STRATEGY
Asset management focused on increasing credit market value and liquidity and subsequent disposal on the secondary market.
DISTRESSED CORPORATES (DCO)
Direct investments into the target distressed company.
CONTROL DEALS
Direct purchase of assets from distressed companies, leveraging on the Italian insolvency law framework.
SPECIALTY FINANCING
Providing debt finance or equity-like capital to distressed companies.
real asset division
“Real Assets” division of Credit Opportunities established in December 2024 operates as a magnifying glass on the Italian real estate market capable of maximizing the value of underlying assets acquired by NCO, through a proactive management approach aligned with the fund’s strategy.