Non Performing Receivables
NPR Management S.r.l. (“NPR”) is our control room for the collection of non-performing assets, either receivables or loans, on behalf of third party investors. NPR Management is art. 115 TULPS licensed.
Specifically, NPR originates, jointly with Phinance Partners, investment opportunities in non-performing assets, performs the due diligence process, defines the business plans and then allocates the collection activities within its large panel of specialised servicers (currently 18), actively monitoring and managing their activities over the entire life of the loans under management.
The multi-servicers model is key to achieve outperformance in the collection of the portfolios trusted to NPR and hence higher returns for the investors.
Such asset management activity is performed for both the securitisation vehicles arranged by Phinance Partners as well as for third parties.
Currently NPR manages approximately EUR 1.15bn of non-performing loans of which:
- approximately EUR 753m of Italian non-performing commercial receivables originated by the largest national utilities through the SPV PES S.r.l., and
- approximately EUR 396m of non performing unsecured financial receivables through the SPV POS S.r.l. and LEX S.r.l
SPV PES Eur 753m portfolio*