Added to YB: 2026-05-27
Pitch date: 2026-05-24
FAIR.L [neutral]
Fair Oaks Income Limited
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Fair Oaks Income Limited is a feeder fund launched and managed by Fair Oaks Capital Limited. The fund invests its entire corpus in FOIF II LP and FOMC III LP.
Fair Oaks Income Limited - $FAIR.L
FAIR.L (update): Euro CLO mgr pivoted from US to Europe post-March panic. NAV €4.14, price €3.84 (-7.3% discount vs -11% in March). New €381M CLO VII priced at 130bps vs 182bps mkt avg. Euro CLO equity yields 32.9%, EUR Mezz 10.89%. Defaults 0% YTD, distressed loans fell. Liquidated US warehouse, eliminated FX hedging drag. 10:1 consolidation complete. ~12% dividend yield, 19.3% gross return to call. 9% annualized NAV return since inception.
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