Financing dates: Oct 2024
Financing dates: Aug 2024
Financing dates: Jan 2025
Financing dates: Jan 2025
Slipstream is a production music business that was founded in 2021, providing content creators with access to its library of production music. It owns the well-established and highly diversified music catalogues with over 700k songs, it is the largest independent owner of production music in the world. Senior asset secured position with significant warrants delivering 14% contractual cash returns with opportunity to deliver 20%-30% Gross IRR
Under the Italian government Ecobonus incentive scheme, construction and real estate development companies carrying out eligible residential energy efficiency projects generate “use it or lose it” tax credits. PSC funds a granular portfolio of government tax credits with contractual cashflows through forward sale binding agreements to a diverse range of corporates with >125% coverage.
Glow is a consumer lender focused on white label partnerships with telecom businesses and device manufacturers to provide point of sale financing for handset sales around the world. Glow partnered with Samsung UK in 2021, providing a white label solution called Samsung Finance. Glow funds Samsung’s super prime customers at the point of purchase. 16% contractual return with significant downside protection from Glow junior cash equity and significant excess spread.
Acquisition of a small portfolio of litigation claims from Roma TPL, the consortium operating bus services for the City of Rome, owed by the Municipality of Rome Acquired post final judgement with good visibility of cash payment with exclusivity to purchase further claim Opportunistic with significant discount received due to liquidity issues of Roma TPL. purchase
1. Estimated gross returns for each deal. This is for indicative purposes. These investments were made by other Pollen Steet Funds and not the Fund itself. These are indicative recent transactions that fit the mandate of the Credit Opportunities strategy. Past performance is no indication of future results. There can be no assurance that the Fund will achieve its objectives or avoid substantial losses. Please also refer to the Disclaimer and Track Record Notes at the back of the presentation.
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