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LCM Partners acquires €6 billion Spanish loan portfolio


LCM Partners, a leading European Alternatives Investment Manager, today announced that it has acquired a substantial portfolio of Spanish, unsecured non-performing and re-performing consumer and SME loans from Aiqon Capital Group, an Asian investor exiting the market.

This deal sees LCM buy approx. €6 billion of assets, comprising 400,000 individual loans, making this the largest secondary purchase of unsecured NPLs in Spain to date.

“The secondary market in NPLs is growing significantly, with this portfolio being our seventh purchase of this type this year. This deal has been our largest single investment in Spain to date, which we understand to be a record for the local market.

At LCM Partners we are seeing a noticeable uptick in the number of secondary portfolios coming to market across our European network. The predictability and the seasoned nature of these portfolios make them an excellent investment for our Limited Partners. As the NPL market continues to evolve and mature we expect this trend to develop even further and become an increasingly important component of our returns to investors.”

Paul Burdell, Chief Executive Officer, LCM Partners.

LCM Partners Limited (8044232) and LCM Capital LLP (OC 357678) are registered in England and Wales with registered offices at The Peak, 5 Wilton Road, London, SW1V 1AN. LCM Partners Limited (FRN: 706257) is an Appointed Representative of LCM Capital LLP (FRN: 534658) which is authorised and regulated by the Financial Conduct Authority. LCM and LCM Partners are the names under which these entities provide investment products and services. The information on this site is issued and approved by LCM Partners Limited. We may record telephone calls for our mutual protection and to improve customer service. ©2023, LCM Partners Limited.