AMID THE FINANCIAL GLOOM, HOPE FOR GP’s AND LP’s IN ILLIQUID FUNDS
Almost every day, the financial media report yet more turmoil in the investment world. Indeed, there have been many serious shocks to the system in recent months, from stock market scares to plummeting oil prices, to broader fears of a renewed global recession as a result of the global pandemic and the unprecedented shutdown of businesses.
Agora Private Markets sees continued interest in liquidity solutions
London-based illiquid markets specialist Agora Private Markets (“APM”) has recently been appointed exclusive intermediary by the manager of a life settlements fund to provide a liquidity solution for existing shareholders. Whilst specific details of the transaction remain confidential, APM is working with the manager to help provide both, an exit solution for shareholders and an interesting investment proposition for a new investor seeking discounted access to the life settlements market.
Increased interest in sale of non performing loan portfolios
London-based illiquid markets specialist Agora Private Markets (“APM”) reports of a recent increase in enquiries from developers and investors in Irish and Spanish real estate for assistance in securing funding to purchase their non-performing loan portfolios from the banks. This increase is likely a result of many banks seeking to clean up their loan books as a result of increasing capital and liquidity requirements.
Impending deadline for Madoff bankruptcy claimants
London-based illiquid markets specialist Agora Private Markets (APM) reports that it has recently seen an increase in enquiries made by Madoff feeder fund victims. This increase could be due to the US Department of Justice’s (DoJ) announcement in November 2013 concerning the Madoff Victims Fund (MVF). The DoJ decision to launch a new recovery pool is important for all Madoff victims as the MVF has a filling deadline of April 30th 2014.