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About the company
GCP Asset Backed Income Fund Limited is a Jersey-based closed-ended investment company. The Company is focused predominantly on investments in the United Kingdom asset-backed loans. The Company seeks to provide shareholders with attractive risk-adjusted returns through regular, growing distributions and modest capital appreciation over the long term. It invests in a diversified portfolio of asset-backed loans across the social infrastructure, property, energy and infrastructure, and asset finance sectors, located predominantly in the United Kingdom. The Company's investments will typically be unquoted and will include senior loans, subordinated loans, mezzanine loans, bridge loans and other debt instruments. The Company may also make limited investments in equities, equity-related derivative instruments, such as warrants, controlling equity positions (directly or indirectly) and/or directly in physical assets. Its investment manager is Gravis Capital Management Limited.
- Revenue in GBP (TTM)26.31m
- Net income in GBP18.26m
- Incorporated2015
- Employees0.00
- LocationGCP Asset Backed Income LimitedIfc 5SAINT HELIER JE1 1STJerseyJEY
- Phone+44 1 534847060
- Websitehttps://www.graviscapital.com/
Profile
| Management group(s) | Gravis Capital Management Limited |
|---|---|
| AIC sector | Debt - Direct Lending |
| ISIN | JE00BYXX8B08 |
| Launch date | 23 Oct 2015 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The Company seeks to meet its investment objective through a diversified portfolio of investments which are secured against, or comprise, contracted, predictable medium to long-term cash flows and/or physical assets. The Company's investments will predominantly be in the form of medium to long-term fixed or floating rate loans which are secured against cash flows and/or physical assets which are predominantly UK based. The Company's investments will typically be unquoted and will include, but not be limited to, senior loans, subordinated loans, mezzanine loans, bridge loans and other debt instruments. The Company may also make limited investments in equities, equity-related derivative instruments such as warrants, controlling equity positions (directly or indirectly) and/or directly in physical assets.
Managed by
| Philip Kent, Luther Ward-Faint |
|---|
Management & contract fees
The investment management fee which is calculated and paid quarterly in arrears at an annual rate of 0.9% per annum of the prevailing NAV of the Company less the value of the cash holdings of the Company pro rata for the period for which such cash holdings have been held. Contract may be terminable on notice period of 12 months.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Taylor Maritime Investments Ltd | -71.25m | -79.97m |
| Diverse Income Trust PLC | -100.00bn | -100.00bn |
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| Henderson High Income Trust plc | 26.02m | 21.42m |
| BlackRock Frontiers Investment Trust PLC | 70.33m | 58.95m |
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| European Assets Trust PLC | 40.06m | 34.89m |
| Gore Street Energy Storage Fund PLC | 54.51m | 44.59m |
| Biotech Growth Trust PLC | -87.00m | -92.03m |
| Henderson International Income Trust PLC | 18.14m | 12.76m |
