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 £100m 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
EU FSR could impact PE fundraising with potential rise in ‘clean funds’
FSR could lead GPs to create funds without foreign LPs; red tape around sovereign wealth funds likely
VC Profile: Possible Ventures lines up frontier tech deals halfway through fresh EUR 60m fundraise
Germany-based pre-seed investor is set to hold a first close for its third fund in mid-September
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
Eurazeo co-CEOs seek to reassure market following key departures
Listed GP is also considering options for its stake in Spanish PE platform MCH, it said in its latest results
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater