EQT Credit II hits €376m

EQT Credit I held a final close in January 2011 having raised €350m. According to reports, its successor fund has already surpassed that mark.

Greenhill & Co is believed to be acting as placement agent for the fund, which will target over-leveraged but well-positioned mid-market companies in Europe. The fund is taking advantage of the credit squeeze in the European market.

Due to regulatory constraints, EQT was not able to comment on the matter for the time being.

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