EthicalFin NPL: New GBV 230 Million Mandate
PRESS RELEASE
EthicalFin NPL consolidates its positioning in Italy’s mid-size ticket segment by expanding assets under management with a new GBV 230 million mandate
Alfredo Fineschi – EthicalFin-NPL’s CEO
Rome, April 26, 2024 – EthicalFin NPL – an Italian servicer that stands out for its ethical management of NPLs – has signed an agreement with a leading U.S. investment fund to manage a portfolio of Italian nonperforming loans. The portfolio consists of 180 positions for a total Gross Book Value of about 230 million.
The new assignment is in addition to a number of portfolios already under management for the same client and is a confirmation of the fund’s satisfaction with the quality of its work to date.
Alfredo Fineschi, CEO of EthicalFin NPL, commented on the signing of the agreement as follows, “It is a source of great pride for us to see that investors, who have experienced the quality of our management on the portfolios currently under management, have decided to entrust us with new mandates, thus confirming the solidity of the relationship built over time and the satisfaction with the performance achieved to date. We believe that this new assignment is an important step for our strategy, which aims at a positioning of excellence in the segment of medium-sized secured and unsecured loans.”