Alcentra closes bulky private debt fund with a European focus

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By Silas Brown
22 Jul 2019

Alcentra, a European subsidiary of Bank of New York Mellon, has raised €5.5bn for a new private debt fund, a fundraising that puts it alongside Ares Capital and BlueBay Asset Management in securing giant commitments to deploy to Europe’s mid-market borrowers.

“We are primarily a sole lender to our borrowers, which allows us to deploy significant capital with speed while maintaining close control and oversight of our investments,” said Graeme Delaney-Smith, co-head of European direct lending at Alcentra, in a statement. “We continue to see a steady pipeline of ...

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