Fondo IDeA Npl
IDeA NPL fund is a Closed End Alternative Investment Fund, dedicated to professional investors.
The Fund performed in May 2016 the closing of its first investment, through a fully dedicated securitization vehicle, who acquired a portfolio of mainly first lien mortgage secured non-performing loans (NPL) for an aggregate nominal value in excess of 22 million euros. Originator of the portfolio is an Italian banking group.
IDeA NPL is the first Italian Closed-End Alternative Investment Fund investing in notes issued by securitization vehicles, managed by a real estate asset management firm.
The duration of the fund is 6 years.