Pemberton raises €3.2bn more for Europe's mid-market

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By Silas Brown
23 Aug 2019

Asset manager Pemberton has raised €3.2bn for a direct lending fund focusing on Europe’s mid-market. This is a few months after it raised €1bn for another European direct lending platform, Strategic Credit Opportunities Strategy (SCOS), which has higher expectations on returns.

The additional €3.2bn is going into Pemberton’s European Mid-Market Debt Fund, which offers senior loans to European mid-market companies. Pemberton has four direct lending platforms — three with target returns of 5.75% to 7%, and a 13% target for SCOS.

“As banks continue to de-risk and de-lever, there ...

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