Dawn Kendall
Partner & CIO
KKV Investment Management Limited is a subsidiary of Kvika Securities Ltd, the UK operation of Kvika banki.
KKV is an alternative credit investment manager focusing on collateralised, non-correlated, income-producing investments.
The firm was founded in 2020 by a team of seasoned individuals in the alternative credit and private lending space led by Dawn Kendall and Ken Hillen with backing from Kvika banki; a Nordic bank listed on the Nasdaq Iceland main market.
We manage over £224 million in alternative credit assets across two funds; KKV Secured Loan Fund and Secured Income Fund, both of which are traded on the London Stock Exchange.
We employ an analytical, yet dynamic investment process to construct income generating portfolios of SME credits across the UK, Europe and developed markets, favouring robust security and downside protection.
Our team is based in the UK and consists of 11 professionals across investment management, sales and back-office roles.
“AUM figures are based on the most recently published Net Asset Values (“NAV”) of the funds currently under our management. Please note, the market value of a closed-ended fund’s shares may at any particular time be higher than (“at premium to”) or lower than (“at discount to”) the published NAV per share”
Sustainable. Risk-aware. Forward thinking.
Mission & Values
KKV’s investment strategy is to lend to and build stronger and more sustainable businesses in order to provide consistent income for our investors and Shareholders across multiple economic cycles. We strive to continue our record of developing successful, market leading companies and to be their partner of choice as they grow.
For our investors, we commit to transparency and integrity, making us the preferred partner for our clients, seeking high performance, consistent and uncorrelated investment performance.
Transparency and integrity are key to KKV, and we define our core values as co-operation, professionalism, moral integrity, trust, financial prudence and social responsibility.
We believe that it is good business practice to have strong environmental, social and corporate governance (ESG) principles and building these principles into our business practices is good for our investors, employees, companies we lend to and their stakeholders in the long term. As well as complying with regulatory requirements, we encourage our own team and the companies we support to make ESG considerations a part of everyday business.
Strategy
KKV is a manager of alternative credit funds.
We specialise in diversified portfolios of senior secured loans and leases to small and medium sized enterprises across a range of industries in the UK, Europe and developed markets.
Our aim is to provide investors with a unique combination of non-correlated regular income and downside protection.
At the heart of our investment process lie meticulous analyses of borrowers and a thorough understanding of risk, building on decades‘ experience managing complex credit portfolios throughout the cycle.
Our funds invest exclusively in the senior layers of the capital structure while maintaining a flexible and dynamic approach to collateral and security arrangements, opening up access to an underbanked segment of the credit market where return-on-expertise is maximised.
Our bespoke credit underwriting aims to ensure that each investment has strong downside protection, backed by business-essential, revenue-producing (or cost-saving) equipment and other assets or arrangements with high in-place value and long economic life relative to the investment term.
Where others see complexity, we see opportunity.
Our Team
Ken Hillen
Partner & Executive Chairman
The Board
Investment Team
Sales & Relationships
Managed Funds
KKV Secured Loan Fund
The KKV Secured Loan Fund is the only diversified equipment leasing and asset finance investment company traded on the London Stock Exchange. The Fund’s objective is to generate regular income for investor through collateralised investments in business-essential equipment and hard assets and in asset-and-equipment-based project financings.
Secured Income Fund
The Secured Income Fund Plc is managed with the intention of realising all remaining assets in the Portfolio in a prudent manner consistent with the principles of good investment management and with a view to returning cash to Shareholders in an orderly manner.
The Company will pursue its investment objective by effecting an orderly realisation of its assets in a manner that seeks to achieve a balance between maximising the value received from those assets and making timely returns of capital to Shareholders. This process might include sales of individual assets, mainly structured as loans, or running off the Portfolio in accordance with the existing terms of the assets, or a combination of both.
ESG
We believe that it is good business practice to have strong environmental, social and corporate governance (ESG) principles and building these principles into our business practices is good for our investors, employees, companies we lend to and their stakeholders in the long term. As well as complying with regulatory requirements, we encourage our own team and the companies we support to make ESG considerations a part of everyday business.
Our approach is led by the Firm’s core values, which we expect our team to adhere to in the way they conduct themselves and represent KKV– and in turn, wherever relevant, in our environmental, social and governance policies.
We are still a growing business and our mission regarding ESG is only just the beginning. Together with our colleagues in other subsidiary businesses of Kvika, we expect this policy to develop and adapt to our changing environment and circumstances over time.
KKV Investment Management (the Firm) is committed to achieving the best possible risk-adjusted returns through integrating Environmental, Social and Governance (ESG) considerations into its core investment analysis and decision making process. The Firm recognises the value in analysing ESG risks and opportunities.
ESG Criteria
- Taking into account the non-financial performance of target companies, specifically related to governance, social and environmental policy.
- Consideration of whether the investment is ethical.
- Inform our investors of this ESG policy and provide them with information on our approach to ESG issues as requested via:
- Adequate information in our annual report.
- Provision of transparent and objective information.
- Adopt responsible and ethical approach to governance including;
- Remuneration of senior management and a policy on bonuses that is compliant with international standards.
- Implementation of compliance policies and procedures and on-going monitoring of the firm’s systems and controls.
- Implementation of risk controls throughout the business.
- Consideration of our ethical obligations in all business conduct (anti money laundering, anti-corruption, reputational due diligence).
- Encourage a human resource policy which values and respects all staff members through;
- Objective criteria to measure performance and competencies.
- Support programs requiring senior management involvement in all staff members career progression.
- Equality across all staff irrespective of role, gender, race, age, religious belief or sexual orientation.