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Alternative Market Briefing

Pemberton Capital Advisers raises $4.7bn on 2 fund closes

Monday, August 26, 2019

Laxman Pai, Opalesque Asia:

The asset management group in London, Pemberton Capital Advisers closed its European midmarket strategy at €3.2bn ($3.5bn), which includes European Mid-Market Debt Fund II and U.K. Mid-Market Debt Fund, and also closed its Strategic Credit Opportunities Fund at €1bn.

Pemberton completed two final closes raising €4.2bn in total to invest in leading mid-market companies across Europe said a press release from the diversified asset manager backed by one of Europe's largest insurers, Legal & General Group PLC.

"Pemberton has built on the success of its first European Mid-Market Debt Fund and raised an additional €3.2bn for the strategy which provides senior loans for acquisition and growth capital," said the press release from the fund management company.

Looking to add further diversity to its investment platform, Pemberton also announced that its Strategic Credit Opportunities Fund, the first primary-focused credit opportunities fund in Europe, has raised €1bn. This fund provides flexible capital across the capital structure.

Pemberton has also evidenced its strong origination capabilities by finding and structuring attractive investment opportunities across Europe.

Latest deals include Bulgin, a leading UK-headquartered manufacturer of environmentally sealed high-performance engineered solutions, and Laboratorios Larrasa, a leading clinical and genetic laboratory business, headquartered in La Albuera, Spain.

Over the firs......................

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