Background

• Avoca Capital was established in 2002 in response to investor demand for focused and independent credit managers in Europe, and was one of the first non-bank investors in sub-investment grade credit in Europe.
• We currently have €6bn of assets under management. 
• The Avoca team is comprised of 45 people, based in our headquarters at 75 St Stephens Green, Dublin, and in our London Office at Level 9, Tower 42, 25 Old Broad Street, London EC2N 1HQ.
• Avoca Capital is regulated and authorised by the Central Bank of Ireland and subject to limited regulation by the UK Financial Services Authority (FSA).
• In July 2011, Fitch reaffirmed a 'M2+' Asset Manager rating to Avoca. The rating reflects "a robust credit selection process" and “ability to raise assets under management (AUM) by around 40% since December 2008 through CLO acquisitions and new segregated mandates, which distinguishes it from peers” (Fitch 2010).