AnaCap Financial Partners (“AnaCap”), the specialist European financial services private
equity firm, today announces a structured investment into a portfolio of SME loans from a
leading Italian bank with which AnaCap has a long-standing relationship across a broad
range of transactions.

With a face value of €4.0bn, the portfolio comprises a static, highly granular pool of
performing loans made to a mix of SME and corporate borrowers concentrated in the
more prosperous area of Northern Italy.
AnaCap was able to leverage its direct experience completing a similar investment from the
seller in its predecessor Credit Opportunities Fund as well as its extensive broader
investment track record in Italy and SME lending across Europe.
Italy remains a core focus for AnaCap’s credit strategy, having acquired more than €13bn
face value of performing and non-performing debt across 15 Italian transactions since
2012.

Konstantin Karchinov, Managing Director at AnaCap Financial Partners LLP, said:
“The successful completion of this investment in one of our core geographies
demonstrates our ability to continue to deploy capital at attractive risk-adjusted returns
through the cycle, even in markets attracting significant investor interest such as Italy.”
This investment also marks the initial investment for AnaCap’s fourth Credit
Opportunities Fund following a first close in November 2018.