
EMZ Partners to launch ninth fund
France-based debt investor EMZ Partners has started preparations for the launch of its ninth vehicle, which will target up to €900m, Unquote understands.
Closing EMZ8 just over a year ago on its €815m hard-cap, EMZ Partners swiftly made arrangements to return to the fundraising trail: the ninth vehicle is expected to be formally launched in Q2 2019, a source familiar with the situation confirmed to Unquote.
The debt provider expects commitments from most of the existing LPs of EMZ8 with some limited capacity for new LPs as well, a source disclosed to Unquote.
A slight majority of investors in EMZ8 were France-based, and the remaining LPs are from elsewhere in Europe or North America. Pension funds, insurance companies and family offices have committed to the vehicle, Unquote previously reported.
EMZ specialises in private bond financing as part of management-sponsored transactions, in which family or management are majority shareholders.
The debt provider's latest vehicle, EMZ8, generally invests between €10-120m at a time, targeting French SMEs with an enterprise value of €450m on average and a strong international presence.
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