ICG-Longbow SSUP - Portfolio transition in progress
ICG-Longbow Senior Secured UK Property Debt Investments (LBOW) offers exposure to the UK real estate debt market through investments in senior secured whole loans. This year, LBOW has continued the evolution of its portfolio under the revised investment policy (adopted in 2017). This is now enabling LBOW to reinvest its funds in higher-yielding loans while maintaining an LTV at portfolio level well within the target range. After a slower than expected start, LBOW’s deal activity recently picked up with two new deals closed so far this year on top of short-term extensions and/or repricing of several existing loans. The company’s encouraging investment pipeline allows it to more than absorb the cash from maturing loans.ICG-Longbow Senior Secured UK Property Debt Investments is a closed-ended investment company engaged principally in investing in senior secured debt investment. Co. is focused on constructing a portfolio of U.K. real estate debt related investments predominantly comprising loans secured by first ranking fixed charges against commercial property investments. Co. makes investments in its portfolio through ICG-Longbow Senior Debt S.A., Co.'s wholly owned subsidiary.
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