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Algebris

London-based asset manager Algebris has agreed to acquire a portfolio of non-performing loans secured against mortgages with a gross value of €693 million from Italian bank Banco BPM.
Asset management company Algebris Investments is aiming for a final close of between €500 million and €750 million for its second fund targeting Italian non-performing real estate loans, according to Real Estate Capital’s sister title, Private Debt Investor.
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