Debt
Three Hills closes third fund on €540m hard cap
THCS III exceeds its €400m target, attracting LPs from Europe, North America and Australasia
EMZ Partners to launch ninth fund
After closing EMZ8 on €815m in 2017, EMZ plans to officially return to the fundraising trail in Q2
Golding receives commitments in excess of €900m
Golding is expected to hold a first close of the fund-of-funds in the next couple of weeks
Finint holds €51.6m first close for debt fund
PMI Italia II has a €150m target and invests in Italian companies with revenues of up to €500m
Talde launches €100m debt fund
Talde Deuda Alternativa intends to invest between €5-15m in 7-12 European SMEs
Oquendo Capital launches €150m senior debt fund
GP expects to hold a first close in Q1 2019 and a final close before the end of the year
EQT raises €2.3bn for Mid-Market Credit II fund
Available capital, four times the size of its predecessor, includes anticipated leverage
Green Arrow holds €136.2m final close for private debt fund
Fund inherited the portfolio of Quadrivio Private Debt after the GP was acquired by Green Arrow
TDC hires assistant portfolio director ahead of raise
Hire brings the lender's headcount to 10 ahead of the launch of its third debt fund
KKR, Schroders back Neos direct lending JV
KKR is the principal investor in the vehicle and is drawing the investment from its credit funds
Resilience Partners targets final close for direct lending fund
Spanish direct lender is targeting a February 2019 final close for its maiden fund
Pemberton targets €2.5bn for second European debt fund
Vehicle's 2016-vintage €1.2bn predecessor is now understood to be fully deployed
Tikehau holds first close, launches fund
French GP's TGE II backs SMEs across western Europe with EBITDA in the €5-50m range
Pillarstone, FVS launch €400m fund
Fund will invest in distressed SMEs based in the north of Italy by deploying tickets of around €20m
Green Arrow nears close for two funds
Investment firm Green Arrow Capital wholly acquired Italian GP Quadrivio Capital in November
Ares closes fourth direct lending fund on €6.5bn
Final close comes within six months of launch, with the fund oversubscribed for its €4.5bn target
BNP Paribas launches UK SME lending fund
Fund will provide senior loans to SMEs with an annual turnover of less than £50m
Bregal launches €40m ESG-dedicated fund
Bregal Sustainable Development Fund will provide loans on favourable terms to portfolio companies
Debt funds carve out niche in Polish lending market
Alternative credit providers are pursuing smaller, more complex transactions and are often willing to invest alongside traditional lenders
Idinvest holds €715m final close for Private Debt IV
Idinvest Private Debt IV surpasses its initial target of €600m and is already deployed at 60%
Main Capital to launch €250m private debt fund
Main Capital Fund I will primarily target successful Italian SMEs but also distressed businesses
Five Arrows Direct Lending closes on €655m
Rothschild Merchant Banking's direct lending fund for mid-market firms exceeds its €400m target
Bridgepoint preps for first credit fund launch
Firm's first debt vehicle will invest in Bridgepoint's own deals as well as third-party ones
Mid-market leverage continues upward creep
High price tags, limited assets and cheap debt are helping to push up leverage boundaries in the European mid-market once again