Pemberton Raises 1.2bn Euros for European Mid-Market Debt Fund

Pemberton has received investment of 1.2 billion euros for its European mid-market debt fund; the fund will invest in private debt of European companies with a turnover between €75 million and 1 billion euros; investors in the fund include insurance companies, pension funds, family offices and foundations from Europe, Asia and the US; strategy was launched due to high demand from European mid-market companies seeking financing; Keith Jones, chairman of Pemberton, says, “As the private debt market matures, we are very well-placed to play a significant role in this increasingly important asset class.”  Source