DBRS Discontinues Ratings on Collateral Fund Obligation Notes Issued by MCA Fund I Holding LLC

DBRS, Inc. (DBRS) discontinued the ratings on the Class A Notes, Class B Notes and Class C Deferrable Notes issued by MCA Fund I Holding LLC, as well as the Liquidity Facility between MCA Fund I Holding LLC as Issuer and Barclays Bank PLC (rated “A” with a Stable trend by DBRS) as Liquidity Lender.

The rating action reflects repayment in full of the outstanding Class A Notes, Class B Notes, Class C Deferrable Notes and Liquidity Facility.

The ratings on the Class A Notes, Class B Notes and Liquidity Facility addressed the timely payment of interest and the ultimate payment of principal on or before their respective maturities. The rating on the Class C Deferrable Notes addressed the ultimate payment of interest and principal on or before their maturity.

The notes were backed by a portfolio of limited partnership interests in leveraged buyouts, mezzanine debt and venture capital private equity funds. Each class of notes was able to withstand a percentage of tranche defaults from a Monte Carlo asset analysis commensurate with their respective ratings.

Notes:
The principal methodology is Rating U.S. Collateralized Fund Obligations Backed by Private Equity, which can be found on dbrs.com under Methodologies.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

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