Lyxor has raised €225 million from European insurance companies for a new fund investing in euro-denominated senior debt, following the integration of Egret Management earlier this year.
The Lyxor European Senior Debt Fund will have an investment horizon of six to eight years.
Its portfolio will be compiled of senior secured floating rate euro-denominated instruments issued by companies to finance acquisitions and corporate growth.
Lyxor says it expects this portfolio to benefit from favorable conditions post the financial crisis which make European loans an attractive asset class for yield-seeking investors.
Earlier this year, Lyxor integrated Egret Management, the debt fund management entity of Societe Generale Group.
Today Lyxor has €800 million of assets under management, invested in collateralized loan obligations, debt funds and advisory mandates.
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