Asset and wealth management firm ATRAM announced the launch of ATRAM Unitized Corporate Debt Fund 1 (CDV Fund).
Following the recent approval from the Securities and Exchange Commission (SEC), ATRAM introduces the first-ever CDV fund in the Philippines, offering investors the opportunity to capitalize on the growing corporate debt market while benefiting from ATRAM’s expertise in credit analysis and risk management.
This CDV fund, managed by the ATRAM Alternatives unit of ATR Asset Management, Inc., involved investing in the multi-million private notes of five companies from the real estate and finance sectors.
Each of these debt papers are collateralized and backed by land or a pool of receivables, ensuring investor confidence and security. These companies bring their unique expertise and industry influence to the partnership, further highlighting the significance of this groundbreaking endeavor.
CDVs are SEC-approved closed-end investment companies or mutual funds with the sole purpose of investing in various forms of corporate debt instruments, including bonds, notes, commercial papers, debentures, secured or unsecured loans. These investments are held to maturity, with subscription to the fund available only during the initial public offering and redemption exclusively at the fund’s maturity.
“This investment vehicle opens new avenues for investors seeking attractive risk-adjusted returns while supporting the funding needs of medium to large companies,” said Ronald Benjamin Roa, managing director of ATRAM Alternatives.
