AnaCap holds final close on €595m for third credit fund

According to a statement, the fund exceeded its €550m target following oversubscription from both existing and new investors. The fund is a third larger than its predecessor, AnaCap Credit Opportunities II, which reached a final close on its £350m hard-cap in 2012.

Gibson Dunn & Crutcher acted as legal adviser for the fundraising.

Investors
The vehicle received commitments from both existing and new investors. At the time of publication, AnaCap was not available to disclose further details on the vehicle's LP base.

Investments
The fund follows the same investment strategy as its predecessor, AnaCap Credit Opportunities II.

It targets performing, semi-performing or non-performing credit assets, primarily consumer, SMEs and mortgage debt in European countries. The fund's targets include loans, leases and securities among other obligations disposed by financial institutions undergoing restructuring and transitioning processes.

Over the past 12 months, the firm acquired debt facilities with a face value of around €3.6bn across Europe.

People
AnaCap Financial Partners – Justin Sulger (partner, head of credit team); Amber Hilkene (partner).

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