TIDMESO TIDMEO.P TIDMEC.P TIDMEL.P

RNS Number : 7437X

EPE Special Opportunities Limited

02 September 2020

EPE Special Opportunities Limited

Investment

EPE Special Opportunities Limited ("ESO" or the "Company") is pleased to announce that on 1 September 2020 it completed a GBP1.9 million investment in Atlantic Credit Opportunities Fund ("ACOF"), satisfied by cash payment.

ACOF is a commingled distressed credit fund targeting a gross annual return of 10-12%. The Company's investment in ACOF will provide ESO with the opportunity to generate uncorrelated returns through exposure to the significant dislocations in credit markets caused by the COVID-19 pandemic. ACOF will also continue to invest in idiosyncratic situations which have nothing to do with the pandemic.

EPIC Private Equity LLP ("EPE"), the investment advisor to the Company and a related party, has undertaken, subject to regulatory approval, to acquire a controlling interest in Atlantic Capital Management Limited ("ACML"), the investment manager of ACOF.

The Company will hold its investment in ACOF through ESO Alternative Investments LP ("ESO AI LP"). ESO will not pay any management or performance fees to ACML.

ESO is the sole investor in ESO AI LP, a vehicle which holds the Company's primary and secondary fund investments. ESO AI LP's acquisition will diversify the Company's asset class exposure, in line with the Company's stated investment strategy.

The person responsible for releasing this information on behalf of the Company is Amanda Robinson of Langham Hall Fund Management (Jersey) Limited.

Enquiries:

 
 EPIC Private Equity LLP                  +44 (0) 207 269 8865 
                                           Alex Leslie 
 
 Langham Hall Fund Management (Jersey)    +44 (0) 153 488 5200 
  Limited                                  Amanda Robinson 
 
 Cardew Group Limited                     +44 (0) 207 930 0777 
                                           Richard Spiegelberg 
 
 Numis Securities Limited                 +44 (0) 207 260 1000 
 Nominated Advisor:                       Stuart Skinner 
 Corporate Broker:                        Charles Farquhar

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September 02, 2020 02:05 ET (06:05 GMT)

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