Consulco’s London Credit Fund presents Q3 2024 results

Consulco’s LC London Credit AIF V.C.I.C. Public LTD has confirmed its growth through the company's results for the third quarter of 2024.

The Fund’s two investment compartments surpassed their annual performance targets in the third quarter of the year 2024, proving Consulco’s ongoing commitment to provide solid returns to its investors, a press release noted.

Specifically, in the period July-September 2024, Investment Compartments A and B of the Fund reported significant returns, surpassing their annual targets, as seen in the following table:

In Compartment A, Sterling unitholders in Share Class A received an annualized return of 5.99%, Dollar unitholders in Share Class C received 5.78% and Euro unitholders in Share Class E received 4.51%. Meanwhile, in Compartment B, Sterling unitholders in Share Class A received an annualized return of 7.00%, Dollar unitholders in Share Class C received 6.85% and Euro unitholders in Share Class E garnered 5.54%. These results highlight the London Credit Fund’s ability to deliver above-target returns, providing investors with strong returns.

The Fund offers investment opportunities with a minimum amount of €125,000 and a minimum lock-up period of 12 months. Investors can redeem their units with a six-month notice and dividends are paid to investors quarterly. The Fund is comprised of two investment compartments –Compartment A, which participates through a subsidiary in loans secured predominantly against residential properties in London, while Compartment B participates through a subsidiary in loans secured predominantly against commercial properties in London.

The Fund is addressed only to professional and well-informed investors and current investors include institutional investors, High-Net-Worth Individuals, Companies, Provident Funds as well as Banks and Insurance Companies.

In his statement, the Director of Investment Services of Consulco Group of Companies, Michael Tannousis expressed satisfaction over the results of the third quarter of 2024, “We are pleased to see London Credit Fund surpassing its annual targets for yet another time, offering strong returns to our investors. Our goal is to reciprocate the trust our clients show us on a constant basis, while remaining focused on our aim to increase opportunities and ensure continuous growth to the benefit of our investors”.

For more information on Consulco and the investment opportunities it offers, please visit Consulco.com.