Volta Finance has published its September monthly report. At the end of September 2009, the gross asset value (GAV) of Volta was €68.7m or €2.27 per share, an increase of €0.14 per share from €2.13 per share as of the end of August 2009.

The September mark-to-market variations of Volta Finance's asset classes have been: +2.0% for ABS investments, +27.1% for mezzanine CDO investments, +33% for residuals of CDO investments and -7.4% for corporate credit investments. The increase in the GAV is mostly due to price increases in the CDO bucket both from equity pieces and mezzanine debt tranches.

Volta's assets have generated the equivalent of €1.4m of cashflows during September 2009, bringing the total cash generated for the current semi-annual period that begun on the 1 August 2009 to €2m, compared with €3.4m for the same two-month period in 2008.

In September the company invested a total of €2.7m in four deals: a mezzanine tranche of a corporate credit portfolio (Valleriite), a large residual tranche of CLO (Confluent), a mezzanine tranche of a CLO (Duane 2006) and a very senior tranche of European ABS (Permanent Financing).