UBP has partnered with alternative credit asset manager Fasanara Capital to launch a new fund.
The Trade and Receivable Finance fund is an open-ended, income-distributing alternative strategy that will invest in short-term, investment-grade corporate trade receivables and digital invoices bought from mainly European SMEs.
Fasanara is a London-based asset manager, which specialises in fintech-originated receivables and has more than €1.4bn in assets under management, mainly in the alternative credit and European digital factoring space.
The firm combines data science and alternative lending expertise to gain exposure to investment-grade credit risk at SME-type yields.
Francesco Filia, CEO at Fasanara Capital, said trade and receivable finance, also known as factoring, is one of the key pillars of European commercial finance, with near €2tn financing volume or 11% of the European Union GDP.
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