Portfolio Manager Update
Updated : 16:50
25 June 2021
KKV Secured Loan Fund Limited
("KKVL" or the "Company")
LEI: 2138007S3YRY3IUU4W39
Portfolio Manager Update
The Board of KKVL is aware that, KKV Investment Management Limited ("KKVIM"), the Company's portfolio manager, is in a dispute with SQN Capital Management, LLC ("SQN"), in relation to amounts payable by KKVIM to SQN pursuant to an agreement reached at the time KKVIM was appointed as the Company's portfolio manager in June 2020 (the "Dispute"). SQN has appointed a Fixed Charge Receiver to seek to collect amounts it claims are owned to it by KKVIM.
While the Dispute does not concern the Company directly, the Fixed Charge Receiver has contacted the Company requesting that payments that would otherwise be made by the Company to KKVIM pursuant to the investment management agreement, be instead paid to SQN. KKVIM is challenging the appointment of the Fixed Charge Receiver.
The Dispute does not impact the ongoing management of the portfolio or the realisation of the Company's assets, however, the Company will continue to monitor the situation and any impact it may have on KKVIM and the Company.
For further information please contact:
KKV Secured Loan Fund Limited
| Brett Miller via the Company Secretary |
BNP Paribas Securities Services S.C.A., Guernsey Branch Company Secretary
| 01481 750 853
|
Winterflood Securities Limited Neil Langford Chris Mills | 020 3100 0000 |
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