BlackRock closes private debt fund focused on Europe’s mid-market

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BlackRock closes private debt fund focused on Europe’s mid-market

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BlackRock headquarters is shown Wednesday, Feb. 15, 2006, in New York. Retail brokerage giant Merrill Lynch & Co. Inc. has agreed to combine its investment-management business with money manager BlackRock Inc. in exchange for a nearly 50 percent stake in the company, the two sides said Wednesday. (AP Photo/Mark Lennihan) | MARK LENNIHAN/AP/Press Association Images

BlackRock has closed its first private debt fund dedicated to the European middle market, as the asset manager predicts private debt will be increasingly "significant" in the way mid-cap companies are financed.

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