AnaCap buys Italian loan portfolio from Barclays

The portfolio has a gross book value of €177m and is secured against Italian property and corporate loans.

European private equity firm AnaCap Financial Partners has bought a portfolio of loans secured by Italian property from Barclays, PDI sister publication Real Estate Capital has reported.

The firm has signed an agreement to buy the portfolio of performing and non-performing corporate secured loans, with a gross book value of €177 million.

The portfolio contains loans provided primarily to small and mid-sized corporates secured against real estate located mainly in the north of Italy.

Last year, AnaCap’s credit funds acquired three portfolios of unsecured and secured NPLs from GE, RBS and UniCredit, with a combined face value of close to €2.5 billion. Last month, AnaCap Private Equity Funds also announced the signing of an agreement with Barclays to acquire its French retail banking operations, which would become the Private Equity Funds’ sixth banking platform in Europe.

“AnaCap has leveraged its extensive track record in Italy, and more broadly across Europe, in addressing complex portfolios of performing and non-performing debt, highly varied in both asset type and servicing requirements, to provide a solution for a vendor well known to AnaCap,” said Jacqueline Li of AnaCap Financial Partners.

Last June, AnaCap completed a final close on its third credit fund after raising almost €600 million in capital commitments. The firm’s Credit Opportunities Fund III targets investments across the European performing and semi-performing credit space, including mortgage debt. The fund also targets investments in the European consumer, small and medium-sized enterprises (SME) spaces.