Anacap raises €1bn for credit fund

The vehicle was launched in November 2018 with a €750m target and raced to a first close on €600m later in the month.

It is 74% larger than its predecessor, which held a final close on €595m against a €550m target in 2016. The vehicle was 89% deployed as of December 2018.

Anacap has now raised funds totalling €5bn, including its private equity funds. The most recent PE fund held a final close on €900m in 2016 and was 48% invested as of April this year.

Investors
The GP said its investors include a diverse group of European, North American and Middle Eastern pension funds, endowments, foundations and family offices.

Spanish fund-of-funds Fond ICO Global backed the vehicle, according to Unquote Data, as did US-based pension funds San Francisco Employees' Retirement System and Texas County and District Retirement System.

Investments
Anacap will maintain its mid-market focus with the new vehicle, targeting investments of €15-75m. It will use co-investments to access larger transactions.

The vehicle will target performing and semi-performing European credit assets focusing on small and medium-sized enterprises.

People
Anacap Financial Partners – Justin Sulger (head of credit).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Credit/Special Situations
• UK / Ireland
• DACH
• Benelux
• CEE
• Southern Europe
• Nordics
• France
• AnaCap Financial Partners