Strong deal flow
- Sourced from established relationships
- Access to transactions at early stage of process
- Focus on good investment candidates
- 60 - 70% opportunities rejected at outset
The philosophy
Investing in floating rate European private debt with a focus on fundamental credit analysis.
Rigorous investment and due diligence process
Investment process
Rigorous investment selection
- Due diligence review (buyer and vendor due diligence, ESG performance, company's track record...)
- MV Credit added value:
- Experience from similar investments during the cycle
- Relationships with management of exisiting portfolio companies
- Strong interaction with sponsors & meetings with management teams
- Interview with industry specialists...
- Selected opportunities presented to preliminary investment board
Final board approval
Due diligence
Due diligence standard pack
- Buyer due diligence (commerical, financial, legal...)
- Vendor due diligence
- Company's ESG performance
- Company's track record during recession
Additional analysis - MV Credit added value
- Experience from similar investments
- Relationships with management of exisiting portfolio companies
- Interview(s) of industry specialist(s) through consultants
- Meeting with management teams
- Strong interactions with PE sponsor during their DD process
Direct input on legal restructuring
- Invited to underwrite significant portion of debt facility; and
- Cross origination through strong sponsor relationships
Source: MV Credit
As at 31 March 2024
Reasons to consider
Upcoming maturity walls in 2025 and 2026 will drive the origination pipeline in 2024
The amount of dry powder available to private equity funds is at an all time high, which should result in a significant pick-up in M&A activity.
European private debt continues to take market share from banks limited in lending capacity by European regulation and impacted by current market conditions
Sources: LCD, Preqin Quarterly Update: Private Equity, as of 30th September 2023
- Over €4.2bn invested in healthcare and IT by MV Credit funds since the global financial crisis (GFC) with no realised losses to date.
- A focus on stable businesses: Heath care (43%), IT (30%), diversified remainder of the portfolio (education services, packaged food etc)
Offers ESG-linked loans to portfolio companies
Origination track record includes ESG-linked loans with margin ratchets
ESG is an integral part of the investment process
Detailed ESG reporting working with a third party provider to score the portfolio
We raise appropriately sized funds to effectively deploy capital in a way that can achieve attractive returns for our investors and reflects the opportunity we see in the market.”
– Nicole Downer, Managing Partner and Head of Investor Solutions, MV Credit
The analyses and opinions referenced herein represent the subjective views of the author(s) as referenced, are as of the date shown and are subject to change without prior notice.
Risks to consider
All investing involves risk, including the risk of loss. Investment risk exists with equity, fixed income, and alternative investments. There is no assurance that any investment will meet its performance objectives or that losses will be avoided. There could be other differences across similar products in the same strategy. Investors should fully understand the risks and other relevant details associated with any investment prior to investing.
The team
Experienced investment team
François Decoeur
Managing Director
MV Credit
Frédéric Nadal
Managing Partner
MV Credit
Nicole Downer
Managing Partner, Head of Investor Relations
MV Credit
Rafael Calvo
Managing Partner, Head of Senior Strategies MV Credit
MV Credit
The firm
MV Credit is an independently managed pan-European private credit specialist founded in 2000 with offices in Luxembourg, London, and Paris.
The firm is differentiated by its experienced and independent team, with over 20 years of investment experience across multiple credit cycles and an investment philosophy built on two core principles: rigorous credit analysis and active portfolio management. Over the years, MV Credit funds have delivered attractive risk adjusted returns.
London
UK
60+
Employees
Featured strategies
MV Credit Dual
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