BlueBay closes €3bn senior loan fund
BlueBay Asset Management's private debt arm has closed a new senior loan fund aimed at providing credit to upper-mid-market European businesses.
The vehicle has €3bn of available capital including leverage, raised from new and existing institutional investors. To accommodate its diverse investor base, the fund offers both leveraged and unleveraged investment options across several currencies.
This is BlueBay's third generation of private debt vehicle and complements its direct lending funds by focusing on larger senior debt transactions with lower leverage. At final close, the fund was already 12% committed across six transactions.
BlueBay was advised by Fried Frank.
The BlueBay platform now has €7bn in assets under management and has completed 55 transactions in nine countries since it was set up in 2011.
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