Back2Bonis Fund exceeds 2.5 billion of NPE under management

Back2Bonis, the  innovative italian fund for the management of multi-originator UTP real estate loans continues to grow thanks to the contribution of a further 295 million euros by Unicredit Leasing and BPER Bank

The total GBV managed by the fund overall thus exceeds 2.5 billion euro, confirming the leadership of the Back2Bonis Fund on the NPE Italian market

Back2Bonis is  specialized in UTP (Unlikely to Pay  debts) related to loans guarantee by real estate assets. Prelios Group acts as Fund manager, Real Estate partner and Special Servicer for the management of the portfolios  in partnership with AMCO which acts as Master and Special Servicer.

The originator banks that assign their UTP to The Back2Bonis Fund  received the shares from the fund and so their could benefit to collect more value than in a traditional debt sale transaction.

With this transaction, the Prelios Group confirms its ability to develop in the management of non-performing loans, offering flexible and innovative solutions

In the last three years in Italy were estabilished other funds with the similar structures very apreciate by the italian banks with NPE portfolios.

Massimo Famularo

Blogger and Investment Management Advisor with focus on Distressed Assets & NPL. Massimo is Chief NPL & Fintech Editor at Credit Village Magazine.

Credit Village is a leading company in the field of specialized publishing and event organization for the credit management industry and in all issues and aspects related to the NPE market, including ESG , M&A, Real Estate etc. Credit Village has been the first company in Italy to bring the culture of the credit management industry to the press, events and online, creating the largest community in the sector around itself.