Nieuw World Closes Its First Portfolio of Non Performing Loans in Italy

NPL Sales are on the rise in Italy as NWCM closes it first portfolio of five.

Nieuw World Closes Its First Portfolio of Non Performing Loans in Italy

New York, NY, April 21, 2018 — NWCM LLC launches its new Italian NPL fund Arpista 1.

The Italian NPL fund will close an additional 5 portfolios totaling an approximate face value of 245 MM Euros, at an approximate 75% discount.

50 BN of NPL portfolios traded in 2017 at an approximate pricing target of 70% discount. Italy is on pace to meet or exceed that target in 2018. In 2016, Pimco and Uncredit successfully executed a 17 Billion Euro securitization Joint Venture.

The Italian economy has been criticized as a unpredictable market, however the senior partners believe that precedent has been set regarding the revaluation of assets in other countries through PE investment.

NWCM works with various UNHN and Private Equity Partners and has deep expertise in real estate development and construction. NWCM prides itself as a special situations buyer of assets in various countries.

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About the Author: Bob Cooper

Bob Cooper is Canadian Business Tribune''s senior editor. He is also a nationally syndicated newspaper columnist and a bestselling author. He lives in London Ontario and covers the intersection of money, politics and finance. He appears periodically on national television shows and has been published in (among others) The National Post, Politico, The Atlantic, Harper’s, Wired.com, Vice and Salon.com. He also has served as a journalist and consultant on documentaries for CBC and Global News . In 2014, he was the winner of the Society of American Business Editors and Writers' investigative journalism award, and the winner of the Izzy Award for Journalism from Ithaca College's Park Center for Independent Media. He was also a finalist for UCLA's Gerald R. Loeb Award and Syracuse University's Mirror Award. Before becoming a journalist in 2006, Sirota worked in Washington for, among others, U.S. Rep. Bernie Sanders, the U.S. House Appropriations Committee Minority Staff and the Center for American Progress.

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