As one of the largest structured credit investors in Europe the Company has gained extensive experience in all major jurisdictions and across the main ABS asset classes which is applied to the management of various funds with structured credit exposure. The Company has strong relationships with the leading originators, structurers, brokers and traders in the structured credit industry.
allcap's investment approach emphasises a focus on fundamental credit analysis, cash flow analysis and stress testing.
ABS portfolio advisory and monitoring services supplied include the provision of advice on transaction restructuring which draws on the Company's experience and lessons learned in successfully restructuring a variety of leveraged ABS vehicles.
allcap tailors each fund to suit client needs and risk appetite. Funds can be structured as a sub-trust of a master trust platform in either Luxembourg, Ireland or the Cayman Islands to optimise the legal, tax, accounting and regulatory treatment for each client.
A variety of funds are offered across the risk spectrum ranging from high quality liquid ABS with yields 100bps above benchmark rates to distressed ABS investments with double digit IRRs.
allcap also offers products synthetically linked to the performance of a portfolio of ABS. For example, one product takes exposure to the first loss that could be suffered on a pool of very high quality residential European ABS, without taking any exposure to changes in market value.