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Laxman Pai, Opalesque Asia: European private debt asset management firm Arcmont Asset Management has completed the fundraising of its Senior Loan Fund II and associated vehicles, attracting total investable capital of €5 billion ($5.8bn).
The private debt specialist said in a press release that the €5 billion raised exceeded Arcmont's initial target, with the success of the fundraise reflecting the strong support received from both new and existing investors globally, including public and private pension funds, insurance companies, sovereign wealth funds, and family offices. More than half of the commitments were from investors in Arcmont's prior funds, with strong participation from Europe, the United States, and the Asia Pacific.
To date, Senior Loan Fund II has already committed 60% of its capital, making a substantial contribution to the firm's record deployment over the last year of €5 billion, it added.
"Arcmont's Senior Loan strategy provides senior loans to upper mid-market European companies, with a focus on defensive industries and sectors that exhibit steady, stable, and cash generative characteristics. The strategy aims to generate strong cash yields and attractive risk-adjusted returns, with an emphasis on preservation of capital through conservative deal structuring and downside protection," the release said.
Arcmont was founded in 2011. It has raised €18 billion of assets with over €15 billion deployed across more than 190 transa...................... To view our full article Click here
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