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New social infrastructure investment

By LSE RNS

RNS Number : 8329N
GCP Asset Backed Income Fund Ltd
14 August 2017
 

GCP Asset Backed Income Fund Limited ("GCP Asset Backed" or the "Company")

LEI 213800FBBZCQMP73A815

New social infrastructure investment

14th August 2017

GCP Asset Backed, which invests in asset backed loans, is pleased to announce a new investment of £11.1 million secured against a 70 bed care home in the UK.  The loan, which has been fully drawn, is secured on a senior basis and is for a term of 16 years.

GCP Asset Backed has also funded two further advances for existing loans secured against co-living properties and UK property.  The amounts advanced are £0.5 million and £5.0 million respectively.

For further information, please contact:                                                                           

Gravis Capital Management Limited  


+44 (0)20 3405 8500

David Conlon

david.conlon@gcpuk.com


Philip Kent

philip.kent@gcpuk.com


Dion Di Miceli

dion.dimiceli@gcpuk.com





 

Cenkos Securities plc


   

+44 (0)20 7397 8900

Tom Scrivens

tscrivens@cenkos.com


Oliver Packard

opackard@cenkos.com


Sapna Shah                                      

sshah@cenkos.com





 

Buchanan


  

+44 (0)20 7466 5000

Charles Ryland

charlesr@buchanan.uk.com

                 

Vicky Hayns

victoriah@buchanan.uk.com
 


Notes to Editors

The Company

The Company is a closed ended investment company traded on the Main Market of the London Stock Exchange. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.

The Company seeks to meet its investment objective by making investments in a diversified portfolio of predominantly UK based asset backed loans which have contracted, predictable medium to long term cash flows and/or physical assets.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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