Our firm with partners Maria Milano and Beatrice Neri, associate Michela Maresca and trainee Gian Luca Marchi and, for finance aspects, with partner Alessandro Fontana and associate Cristina Cupolo, advised Kryalos SGR on the launch of a new closed-end fund reserved for institutional investors named "Keystone" for the management and enhancement of a portfolio of receivables mainly consisting of unlikely-to-pay (UTP) exposures.
With this transaction a first contribution of receivables for a total gross book value of approximately Euro 127 million was transferred to the fund.