The fund targets companies with a turnover long-term steward of their capital. It has a €1.5 billion to €2 billion target size The three stages of the global economic recovery, Back to policy: Reallocating to risk assets in a risk-off market, Navigating Private Credit Exposure: The Case for Specialty Finance, Corporate boards’ role in addressing environmental and social changes. Pemberton held a €800 million first close on Pemberton Strategic Credit Opportunities II in March, after the fund began fundraising in mid-January. New funds raised Pemberton has built on the success of its first European Mid-Market Debt Fund and raised an additional €3.2 billion for the strategy which provides senior loans for acquisition and growth capital. According to market sources, the first closing took place in March. Pemberton intends to use its existing pan-European platform to originate investments in established, performing European mid-market companies, with a turnover between €75 million and €1 billion. Click here to login, © 2020, Portfolio Media, Inc. About | Contact Us | Editorial Contacts | Terms | Privacy Policy | Cookie Settings, Enter your details below and select your area(s) of interest to stay ahead of the curve and receive Law360's daily newsletters, Email (NOTE: Free email domains not supported). Pemberton Raises €1B Strategic Credit Opportunity Fund By Darcy Reddan Law360 (May 1, 2019, 3:52 PM EDT) -- Asset management firm Pemberton Capital Advisors said Wednesday that it has raised €1 billion ($1.1 billion) that it will use as part of its strategy to provide companies with acquisition or expansion financing. Please confirm you would like to remove this article from your saved articles. corporate market.”, 1 Assets under management are defined as committed capitalas at June 2020, 2 Includes consultants, contractors and advisorsas at June 2020, Copyright © 2020 Pemberton Capital Advisors LLP Symon Drake-Brockman, Managing Partner of Pemberton, said: “This strategy marks new ground for Pemberton. realizations that have already been crystalized. Pemberton raises €1bn for its strategic credit opportunities vehicle, The smartest ways for debt firms to use technology, Loan Note: Mubadala teams up with Barings; IFC refocuses on Asia…. expansion or acquisitions. Choose your news – we will deliver. 150 N. Michigan Ave. The new strategy intends to enable global institutional investors to benefit from quality investment opportunities that arise as European mid-market companies increasingly seek non-dilutive capital to finance their growth. By continuing to use our website, you are agreeing to our use of cookies.

Pemberton's Strategic Credit Opportunities Fund closed in line with its target at €1 billion. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. Download our plug-in for Chrome to get customizable, real-time news alerts, Access to case data within articles (numbers, filings, courts, nature of suit, and more. The fund also offers more flexible first lien senior financing solutions The strategic credit opportunities strategy intends to (i) provide junior capital to proven companies seeking funding, including for continued expansion or acquisitions, and (ii) provide senior and unitranche funding for companies that are looking to return to growth, including after suffering temporary operating issues.

It partners with Other Private Fund Luxembourg GAV: $ 261,601,682 (reported: 2019-10-07) 30 Beneficial Owners 0% of clients invested Directors/Managers: PEMBERTON DEBT GP S.A.R.L. capital, or recovery funding. Law360 takes your privacy seriously. With this new strategy, we will continue our commitment to delivering the risk-adjusted returns investors expect and the capital European companies need.”, Ben Gulliver, Strategic Credit Portfolio Manager at Pemberton, said: “At Pemberton, we are seeing growing demand from European companies who need growth or recovery capital.

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