TIDMESO TIDMEO.P TIDMEC.P TIDMEL.P

RNS Number : 2009F

EPE Special Opportunities Limited

13 November 2020

EPE Special Opportunities Limited

Investment

EPE Special Opportunities Limited ("ESO" or the "Company") is pleased to announce that on 12 November 2020 it completed a $2.5 million investment in a segregated account of Prelude Structured Alternatives Master Fund LP ("Prelude"), satisfied by cash payment.

The Prelude account is advised by Atlantic Capital Management Limited ("ACML") and will invest in distressed credit opportunities, targeting a fund level gross annual return of 6-8%. The Company will invest in the Prelude junior tranche and will benefit from a leveraged position, receiving an equity-like return. The investment strategy of the Prelude account will benefit from increased opportunities generated by the default cycle expected in credit markets over the coming period.

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 ACML, the sub-advisor of the Prelude account.

The Company will hold its investment in Prelude 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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November 13, 2020 02:00 ET (07:00 GMT)

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