Corporate turnaround, News, Restructuring & Insolvency

Distressed debt investing returns 28% in 9 months

Avior Capital Credit Fund

Our new distressed debt fund will open later this year.

Avior Consulting is delighted to announce that it has successfully closed out its most recent distressed debt fund. In early 2019 Avior originated and advanced a fully-secured non-bank credit facility to the administrators of ASX-listed Centennial Mining Limited as part of a restructuring strategy. The facility was repaid in January 2020. Investors participating in the lend received a return on their investment of approximately 28% in just over 9 months (approximately 37% annualised return).

Avior looks forward to pursuing more non-banking finance opportunities in 2020 and is in the process of establishing its first private credit fund later this year.

This transaction is an excellent demonstration of Avior Consulting’s new approach to Distressed debt investing and restructuring that includes funding for an administration trade on, careful stakeholder liaison and technical insolvency expertise to produce a successful outcome.