Debt
BNP Paribas Euro SME Debt Fund II holds €576.5m final close
Investment period for the GP's €500m predecessor debt vehicle ended earlier in 2020
Mezzanine Management gears up for direct lending fund
Mezzanine Management is considering €400m as an appropriate target for its new fund
October starts deployment of Italian direct lending fund
Firm also manages October SME IV, a European Long Term Investment Fund (ELTIF) with a €250-300m target
Crescent European Specialty Lending Fund II closes on €1.6bn
CESL II invests in a diversified portfolio of private secured debt issued by European companies
Springrowth closes debt fund on €417m, plans new €200m rescue fund
Fund targets mid-market European companies generating EBITDA of at least €3m and revenues of €30-150m
Riello Investimenti launches €150m debt fund
Fund is larger than its predecessor, Impresa Italia Private Debt I, which raised €70m in 2016
Main Capital launches restructuring fund for Covid-19 crisis
Fund is dedicated to UTP exposures and is composed of a credit section and a finance unit
Mercer closes Private Investment Partners V on $2.7bn
PIP V consists of a US vehicle for US investors and a Luxembourg vehicle for non-US investors
Direct lenders eye secondaries market for first-gen funds
Several European direct lenders are speaking to secondaries advisers about running processes on older vintage funds
Ardian closes fourth private debt fund on €3bn
Launched in Q4 2017, Ardian Private Debt Fund IV is 50% larger than its predecessor
Inveready holds €55m first close for private equity fund
Gaea Inversion has a €110m target and expects to hold a final close by the end of March 2020
ICG raises €1bn for Mid-Market fund, appoints two MDs
Peter Kirtley and Robin Molvin will support the deployment of ICG’s maiden Mid-Market fund
Santander's Tresmares launches €175m private equity fund
Tresmares Capital will also manage a €900m private debt fund to finance the expansion of Spanish SMEs
Trea AM raises €120m for second direct lending fund
Fund expects to hit its target in the first quarter of 2020 and has already made six investments
CIC Private Debt closes CIC Debt Fund 3 on €530m
CIC is also fundraising for CIC Mezzanine & Unitranche 5, which launched in September and held a first closing on €150m
Idinvest passes €500m mark in Private Debt V fundraise
Fund, which has already been invested in at least one transaction, has a €1bn target
Ver Capital launches €300m debt fund
Firm is also launching two more vehicles: Ver Capital Short Term Fund and Ver Capital Partners VIII
Idinvest holds first close on €200m for Private Debt V
Debt fund aims for a €1bn final close in H2 2020, building on its €750m predecessor
Ardian nears final close on €3bn for Private Debt Fund IV
Predecessor of the mid-market private debt fund closed on €2bn in 2015, hitting its target
Capza hires two ahead of fundraise
GP is targeting a €550-600m final closing for its fifth-generation flex equity fund
Siparex holds €125m first close for Intermezzo 2
Second-generation Siparex debt vehicle surpasses its predecessor, which closed on €100m in 2016
Oquendo Capital launches €250m fourth mezzanine fund
Oquendo Mezzanine IV expects to hold a first close by the end of 2019 and a final close by mid-2020
Equita Capital launches €200m debt fund
Fund will be larger than its predecessor, EDP I, a €100m vehicle that closed in 2017
Equita launches alternatives arm, aims for second debt fund
Equita Capital will manage around €1bn in assets and launch a new debt fund by the end of the year