Investec launches debut direct lending fund

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By Silas Brown
11 Jan 2021

Investec has announced the first close of an inaugural direct lending fund targeting Western Europe’s small cap companies, which Investec believes are underserved by banks and other lenders.

The new fund, Investec Private Debt Fund I (PDFI), has capital commitments of €165m. It will be managed by the growth and leveraged finance team, headed by Investec’s head of lending Callum Bell.

The fund will target private equity-backed companies with €3m to €75m of Ebitda, supplying senior ...

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