Advam Partners SGR announced yesterday the launch of its fund Advam1, dedicated to investments in debt instruments issued by listed and unlisted small and medium-sized Italian companies with 3-7 years duration, with a share of possible investments in corporate bonds of listed companies, covered bond banking, state securities and related ETFs .
The announcement was made simultaneously with the presentation to the financial community of the new asset management company, born from the integration of the historical asset management company Gesti-Re SGR with and Finn Investment Advisor SIM, a consulting firm specializing in investments and financial instruments. Advam Partners SGR so decided to debut with its first branded product Advam1 entering in the now quite fed audience of actors who want to take advantage of the market of the so-called minibonds. At this regard, Advam Partners SGR proposes itself with a consulting approach, in the offer of investment services: individual management, traditional and innovative funds approaching the development financing of enterprises.
The management has indicated that investment targets are medium-size companies, with good ability to generate cash, but who have difficulty accessing the credit market. As a result, cases of companies under restructuring will be excluded. The management of Advam Partners SGR also added that the fund will not use tools of leverage. The first target is to raise €100 million on closing, extendable to € 200 million, while the first investments will be made by the end of 2013. To this end Advam Partners SGR aims to achieve a 5% return, net of subscription fees.
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