Together with a highly experienced New York-based team of capital solutions professionals, IMS DV recently launched IMS Credit: a fund with a target size of US$ 300m+ offering financing to mid-market opportunities underserved by institutional investors due to size, speed or complexity. IMS Credit is spearheaded by its CIO, who was formerly with Elliott Management and a hedge fund spun out of Goldman Sachs’ Special Situations Group, and former financing lawyer Vatche Manoukian, Partner at IMS DV, who led the equity and debt offer for Everton FC on behalf of the IMS consortium earlier this year.
IMS Credit’s mandate is to earn equity-like returns (IRR of 20%+) through bespoke, highly structured financings of assets and non-PE sponsored mid-market borrowers with funding requirements of US$ 10-50m. Although IMS Credit is sector agnostic, it has deep expertise and a wide network in the Sports, Media & Entertainment, Business Services, and Tech industries. In terms of geographic focus, the portfolio split will be roughly 75% US, and 25% the UK, EU, and Australia. The team has a total pipeline of credit investment opportunities of over US$ 3.5bn. Selective leverage will be applied to optimise returns while carefully managing risk. IMS Credit will benefit from a best-in-class proprietary tech platform that will enhance and streamline each stage of the investment lifecycle.
For more information on IMS Credit, please contact Vatche Manoukian at: vatche@imsdv.com
