AlbaCore Capital Group Closes Dislocation Fund
European credit specialist AlbaCore Capital Group ( AlbaCore ) announces the final close of AlbaCore Investment Opportunities L.P. ( AIO ). AlbaCore secured over $1bn of commitments for the dislocation strategy, both in comingled and SMA format, which started investing at the depth of the crisis in mid-March. AlbaCore s dislocation investing generated a 55% IRR
1 since launch to the end of November 2020, whilst benchmark credit indices saw low single digits with year to date returns of 1.7%
2. AlbaCore has generated positive returns across all strategies to date in 2020.
AlbaCore launched the dislocation strategy to engage with the opportunity in what it viewed as a credit picker s market. The team maintained their fundamental approach and were focused on companies that they have tracked for years. Many companies which have consistently been regarded as strong credits through the end of 2019, had yet to present a double digit total
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