illimity SGR is the illimity Group's asset management company, authorised in February 2020. Its goal is to create and manage alternative collective investment funds that are closed-end and reserved, with own funds and funds from institutional investors. The asset management arm of illimity increases the group's ability to support companies with potential, even when they are in temporary financial difficulty.
The first illimity SGR fund will invest in unlikely-to-pay (UTP) loans for companies that have a good restructuring outlook, allowing the loans to become performing again. The UTPs will be contributed to the fund by banks and financial entities and/or acquired directly by the fund, which can take equity stakes in companies involved in turnaround projects where such a step could facilitate the restructuring strategy.