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The company’s January Presentation reiterated the themes of i) attractive returns from low LTV credit exposure to UK and European commercial real estate assets, ii) quarterly dividends delivering consistently since October 2013, iii) a highly granular book, iv) transparent and conservative leverage, v) access to an established real estate investment team at Cheyne, which manages over $4bn AUM, vi) access to a pipeline of enhanced return investment opportunities identified by Cheyne (11 new deals totalling £152m of commitments since 31 March 2021) and vii) robust mitigation against an environment of rising rates.
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