European Capital Private Debt, LP, the mid-market direct lending fund of European Capital Fund Management Limited, closed with total commitments of €473.5 million ($540 million). The Fund, which provides financing for sponsor-led acquisitions of European mid-market firms, has already invested €320 million in 14 portfolio companies.
LONDON, May 10, 2016 /PRNewswire/ — European Capital Fund Management Limited announced today that its European mid-market direct lending fund, European Capital Private Debt, LP (the “Fund”), successfully reached its final close on 15 April 2016, bringing the total commitments of the Fund to €473.5 million ($540 million).
The Fund has already invested €320 million across 14 portfolio companies based in France, United Kingdom, Spain andGermany. The Fund is focused on providing financing for sponsor-led acquisitions of mid-market European companies.
“We are very pleased to announce the final close of European Capital Private Debt Fund,” said Juan Carlos Morales Cortes, Chief Financial Officer of European Capital. “Our limited partners spent a significant amount of time getting to know both our assets and our direct lending team. We have attracted top tier investors that have an interest in the increasing European non-bank lending market. We look forward to expanding these relationships with the success of this fund and future funds.”
The investor group is comprised of 17 institutional investors, including insurance companies, pension funds, asset managers and family offices, from the UK, U.S., France, Switzerland, Germany, Belgium and the Middle East.
ABOUT EUROPEAN CAPITAL FUND MANAGEMENT
European Capital Fund Management Limited manages €600 million in two funds. With offices in London and Paris, it seeks to provide direct funding in the form of unirate, mezzanine and senior financing to sponsor-led lower and mid-market European companies. European Capital Fund Management Limited is an English limited company regulated by the Financial Conduct Authority, and is an indirect, wholly owned affiliate of American Capital, Ltd. (“American Capital”).
ABOUT EUROPEAN CAPITAL
European Capital, both directly and through its asset management business, invests in pan-European equity, mezzanine and senior debt investments. European Capital is a wholly owned affiliate of American Capital, Ltd. (Nasdaq: ACAS). European Capital manages €0.9 billion of assets. European Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts and provides capital directly to private and public companies headquartered predominantly in Europe. For further information, please refer to www.EuropeanCapital.com.
ABOUT AMERICAN CAPITAL
American Capital, Ltd. (NASDAQ: ACAS) is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products. American Capital manages $20 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $77 billion of total assets under management (including levered assets). Through a wholly owned affiliate, American Capital manages publicly traded American Capital Agency Corp. (NASDAQ: AGNC), American Capital Mortgage Investment Corp. (NASDAQ: MTGE) and American Capital Senior Floating, Ltd. (NASDAQ: ACSF) with approximately $10 billion of total net book value. American Capital and its affiliates operate out of six offices in the U.S. and Europe. For further information, please refer towww.AmericanCapital.com.