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 entire scale of the group’s non-public debt programme to €3.2bn.
Greater than 70 per cent of the fund’s traders come from outdoors of France.
The Non-public Debt VI fund has already invested in additional than 50 firms throughout Europe, throughout sectors corresponding to enterprise providers, healthcare, specialised monetary providers and knowledge expertise.
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The non-public 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 exhibits the extent of confidence that our traders have in our non-public debt enterprise, wherein our cautious and selective technique is especially applicable within the present setting,” mentioned managing companions François Lacoste and Eric Gallerne.
“Additionally it is an acknowledgment of the standard of our groups who, throughout our 4 European places of work in Paris, London, Frankfurt and Madrid, help the event of many high-growth-potential mid-cap firms in Europe.”
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