Tuesday, April 16, 2024
HomePeer to Peer LendingEurazeo raises €2.3bn for up to date direct lending fund

Eurazeo raises €2.3bn for up to date direct lending fund

French various asset supervisor Eurazeo has closed its sixth direct lending fund, elevating €2.3bn (£2bn) in capital, surpassing its preliminary goal of €2bn.

The fund raised €900m from retail traders, taking the full scale of the group’s personal debt programme to €3.2bn.

Greater than 70 per cent of the fund’s traders come from exterior of France.

The Non-public Debt VI fund has already invested in additional than 50 firms throughout Europe, throughout sectors equivalent to enterprise companies, healthcare, specialised monetary companies and data know-how.

Learn extra: Citigroup considers new direct lending technique

The personal debt group contains over 20 traders, offering primarily senior debt funding to European SMEs with valuations of between €30m and €300m.

“The success of this sixth classic reveals the extent of confidence that our traders have in our personal debt enterprise, during which our cautious and selective technique is especially acceptable within the present setting,” mentioned managing companions François Lacoste and Eric Gallerne.

“It’s also an acknowledgment of the standard of our groups who, throughout our 4 European workplaces in Paris, London, Frankfurt and Madrid, assist the event of many high-growth-potential mid-cap firms in Europe.”

Learn extra: Funding giants gasoline drastic improve in direct lending

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