Palio Capital Partners raising debt fund for UK SMEs
Palio Capital Partners has secured a cornerstone investment from the European Investment Fund, raising a third of its anticipated ТЃ100m first close.
Palio Capital Partners – founded and led by ex-Gresham Private Equity managing director Mike Henebery – is also one of the fund managers bidding for a commitment from the UK government's £1bn Business Finance Partnership initiative.
Palio's Superflex Fund I will provide senior debt and mezzanine loans to UK businesses valued in the £10-100m range and capable of attracting private equity investments.
The firm estimates that UK SMEs will need debt funding and refinancing to the tune of £25bn between 2012 and 2016. It is also hoping to capitalise on the current appetite for alternative debt providers.
More on Fundraising
Hayfin exceeds EUR 6bn target for fourth direct lending fund
Firm expects to raise EUR 7bn by year-end as it gears up to meet growing private credit demand in Europe
Unquote Private Equity Podcast: PE perspectives from Berlin
Unquoteтs Min Ho and Rachel Lewis digest the key takeaways from this yearтs SupeReturn
EQT launches semi-liquid strategy for individual investors
Strategy will focus on PE and infrastructure and will be led by ex-Partners Group exec William Vettorato
Wise Equity closes sixth fund on EUR 400m, eyes Italian family-owned B2B targets
Italian GP reached its hard-cap, raising its biggest fund to date four months after launching
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds