About Milestones Capital
Milestones Capital (MC) was established in 2014 as a systematic quantitative fund. They changed the investment objective in late 2016 to an actively managed, long term credit strategy. They wish to provide shareholders with stable and growing income returns and to increase the capital value of their investment portfolio. Their income is derived via investing in primary European and secondary US floating rate senior secured loans, either directly or indirectly via CLO Equity tranches. CLO Equity securities bear first loss risk and receive the residual cash after the CLO debt tranches have been paid. Senior secured loans are debt obligations made by banks to sub-investment grade corporations, syndicated and sold to investors. Senior in the capital structure and secured by the corporation's assets, the investor earns the spread over the base rate. They invest in the CLO primary market in the warehousing phase as well as in the secondary market. They aim to have cash reserves placed in liquid credit bonds, alternatively they have the option to ask out investors to to inject more capital to take advantage of market fluctuations.