Tuesday, 25 April 2017
Last updated 4 hours ago
Jan 15 2008 | 10:41am ET
Stamford, Conn.-based Full Circle Funding this month launched the Full Circle Fund, an offshore version of its 15-month old domestic asset-based lending fund, Full Circle Partners. The offshore offering was seeded with approximately $15 million.
Both funds focus on buying senior secured loans of issuers where collateral and risk adjusted loan-to-value ratios are available. Similar to the domestic fund, the offshore fund will primarily focus on media and communications companies with loan sizes typically in the $3 million to $25 million range.
The firm’s domestic fund returned approximately 14.67% in 2007.