EPE Special Opportunities Limited Investment (7437X)
September 02 2020 - 1:05AM
UK Regulatory
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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