AnaCap credit fund hits £350m hard-cap

The fund received commitments from the State of New Jersey, Hamilton Lane and Ohio Public Employees Retirement System, among others. It has an investment period of three years and a lifetime of eight years.

AnaCap, which has been fundraising for six months, reported that the fund will target performing, semi-performing, and non-performing SME debt throughout Europe. It describes the credit fund market as "driven by the need for financial institutions to deleverage after years of over-expansion".

Justin Sulger, partner and head of credit opportunities, believes the fund will benefit from AnaCap's previous experience in the field, and its professional network in the European financial services sector.

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• Topics
• UK / Ireland
• Funds
• United Kingdom
• AnaCap Financial Partners