Investor Summary

Chenavari Credit Partners LLP operates as Alternative Fixed Income Specialists in European Credit with a diverse team of 79 professionals across 26 nationalities, averaging 25 years of credit market experience. The firm manages $5.3 billion in total assets under management and employs 56 people, with 36% in investment roles. Key leadership includes Managing Partner and CEO Loïc Féry, Partners and Co-CIOs Frédéric Couderc, Senior Portfolio Manager Stéphane Parlebas, and Deputy CEO Vincent Laurencin. The firm emphasizes an entrepreneurial and collaborative work environment, valuing employee development and maintaining strong commitments to responsible investment practices, including signatory status to UN Principles for Responsible Investment (UNPRI).

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Fund Strategy

The fund employs a fundamental, value-based investment approach across the credit liquidity spectrum, seeking to provide consistent absolute returns through active trading and investments principally in a portfolio of credit strategies. The strategy targets high single-digit absolute returns through credit cycles, historically matching long-only European high yield returns but with less volatility and drawdowns. The approach combines long/short exposure in European financials and corporates, favoring BB and single-B rated instruments while seldom trading CCC-rated debt. Chenavari emphasizes rigorous investment methodology supported by proprietary technology (CLARK) and maintains a culture of continuous improvement and self-criticism to enhance decision-making quality.

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FUND PERFORMANCE AS OF 31st December 2024

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
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