Aurelius, which launched its second private debt fund with EUR 450 mn target size, announces the first close in May 2022, garnering around EUR 280mn.

Headquartered in New York and invested across the developed market, Aurelius Capital Management is the largest indigenous alternate asset fund, managing USD 5.7 billion across, real estate funds, infrastructure funds, special situations fund, and pre-IPO debt investments. Its stressed assets fund has assets under management worth over EUR 1 billion.

The Aurelius Fixed-Income-Capital Fund, which was launched in November 2021, is the second private debt focused on senior and mezzanine loans for UK and Irish markets. It will invest in direct investments into early, growth and late-stage companies which are in core and financial sectors, with a ticket size of EUR 15-30 mn. It also intends to invest some money into co-investment opportunities available from the pool of Limited Partners.

"We've set a minimum ticket size of EUR 15 mn for investors because we want to diversify the investor base and we plan to make the final close with a commitment of at least EUR 400 mn and a maximum of EUR 450 mn, by the middle of September.

The fund has a long-term investment cycle of maximum 9 years and a minimum of 5 years. She said the objective of this fund is to give investors an optimal alternate equity portfolio through diversification by providing them with access to multiple funds.

The performance difference between the best and worst fund managers in PE/VC funds can be as high as 15-20 per cent IRR (internal rate of return), so timing the market and choosing the right is critical which are the key investing principles for the Firm.

About Aurelius Capital Management:

Aurelius has been managing capital since 2006. Its founder and CIO, Mark Brodsky, had been a Senior Portfolio Manager and member of the Management Committee at Elliott Management Corp. Aurelius’s Portfolio Manager, Eleanor Chan, has been at the firm since its inception. The six most senior members of Aurelius’s investment team have been at the firm an average of 14 years. The firm maintains a culture of mutual respect and collegiality while holding team members to exacting standards of performance and integrity. We endeavor to maintain cohesiveness among a heterogeneous team — thereby benefiting from complementarity in serving a common mission. Most members of the investment team have a direct participation in the firm’s incentive allocation. We believe this structure incentivizes cooperation among team members toward the common goal of making money for our clients.

About LSM Management:

LSM Management is a highly integrated creator, placer and manager of alternative capital with an international presence. Our focus on Institutional Investors drives us to provide sophisticated quality services. Our clients engage us for complex, demanding and time-intensive projects. LSM Management designs and implements holistic wealth management solutions in today’s complex regulatory environment. LSM Management focuses on a selected few geographic markets, which has allowed us to build up the expertise and resources required to provide comprehensive services to our clients. We bridge the Middle East, Far East and select European Institutional investors with Fund and Investment Opportunities in the West.