Laurus Valens Unveils Yen Fund

May 12 2008 | 11:20am ET

New York-based hedge fund Laurus-Valens has launched a yen-denominated investment vehicle, Valens Yen Fund, to provide Japanese investors with access to U.S.-based investments.

“Our investment strategy has been very well received amongst investors in Japan," said Dennis Pollack, partner and senior managing director. “Our yen-denominated fund provides our Japanese investors with access to investments in U.S. micro-cap and late-stage private companies and makes their investments more stable for them, as they won't be susceptible to the value of the dollar sinking or spiking at any time.”

Laurus-Valens combine debt and equity to make investments in collateralized securities and other securities issued by a diverse base of companies. An equity feature attached to each investment gives the investment potential for upside if a company's stock price rises. Otherwise, the funds receive a cash coupon on debt and are generally repaid within 12 to 36 months. 
 
Laurus-Valens currently manages a variety of onshore an offshore funds and is the investment manager for PSource Structured Debt, a closed-end fund that trades on the London Stock Exchange. All told, the firm has approximately $1.6 billion in assets under management.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note