News

Alt Credit European Awards Winner for Best European Structured Credit Fund

07 November 2019

We are pleased to announce that PDM’s Sigma IV won Best European Structured Credit Fund at the Alt Credit European Awards 2019.

Investing in CLOs since 2010, the Sigma strategy has deployed over €1.4bn in the asset class. The PDM team has built a strong track record in European structured credit on the back of its comprehensive understanding of European buyouts, CLO mechanics, documentation and a deep dive approach to credit analysis.

Jihan Saeed, Investment Director at PDM, commented “The team’s work on the Sigma strategy speaks for itself and this award is a great recognition for the performance that has been delivered.”

Sigma V, the latest fund in the Structured Credit strategy is the fifth PDM fund targeting European CLOs. The first four funds (Sigma I, II, III and IV), closed between 2010 and 2016, and are now fully invested. Sigma I, II and III are fully realised, having in aggregate returned 1.8x net multiple and 19% net IRR to investors.