The fund’s diversity metrics remain strong with 45 individual loan exposures to 31 separate borrowers, in 8 discrete geographies. The largest individual loan and borrower exposures are 7.2% and 11.0% respectively.
In light of recent geopolitical developments, Ark has undertaken enhanced, targeted reviews of all construction loan exposures, to assess any material impacts arising from escalating input costs. Whilst we maintain a heightened focus, this falls within Ark’s existing Investment Management framework, whereby each loan position is subject to detailed review and reporting to the Investment Management Committee each month.