Muzinich holds first close for Iberian debt fund
Muzinich & Co has held a first close for its Iberian Private Debt Fund on €80m.
The announcement follows the €156m first close of the Luxembourg-based firm’s Italian Private Debt Fund in April 2014.
The vehicle will be managed by Muzinich’s Madrid-based team and Spanish investment and advisory firm Arcano, with additional support from Muzinich’s European and US operations.
Investors
Commitments to the fund have been provided by a mix of local and international institutional investors.
Investments
Iberian Private Debt Fund will target Spanish and Portuguese SMEs across a variety of sectors with revenues of €50-500m and minimum EBITDA of €7.5m. As with its Italian counterpart, the vehicle will look to support businesses with international expansion strategies.
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