LONDON, November 1, 2016 /PRNewswire/ -- LCM partners is delighted to announce the successful closure of the LCM Partners Credit Opportunities III strategy. The strategy has exceeded €2 billion in commitments and comprises a mix of managed accounts and a commingled fund. Commitments have been received from a variety of pension funds and foundations spanning the US, Continental Europe and the UK. (Logo: http://photos.prnewswire.com/prnh/20160811/397432LOGO ) "LCM Partners is incredibly proud to include some of the most prestigious institutional investors as clients following the close of the LCM Credit Opportunities III strategy. We are honoured to represent state retirement schemes, public and private sector workers and foundations. We take our responsibility to manage our clients' assets prudently very seriously and it is this approach that has enabled us to deliver positive annual returns over a seventeen year period at an average IRR of 14.9% (gross, unleveraged)." said Paul Burdell, Chief executive Officer, LCM Partners The LCM Partners Credit Opportunities III strategy uses a single investment platform, which enables all funds within the strategy to invest alongside one and other. The commingled fund comprises a Euro and USD sleeve and closed on 31 stOctober 2016 with €865.5 million in commitments. Four managed accounts will also invest into the underlying investment platform with commitments ranging in size from €100 million to €500 million. Since the launch of LCM Partners Credit Opportunities III, LCM has invested approximately €1 billion in transactions and has a current pipeline exceeding €1.5 billion of performing, rescheduled, and non-performing loans from a wide range of European countries across consumer and SME debt.