Paul gets triple-A rating on royalties fund

New York-based Paul Capital Partners has securitised most of the assets in a $300m drug-royalty fund.

Paul Capital Partners, a private equity secondary and fund of funds specialist, has made a significant move in its third line of business through the securitisation of a collection of biopharmaceutical, medical device and diagnostic royalties.

The new securities, backed by Royalty Securitization Trust I, are being issued as $228.9

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