Alcentra finishes second fundraising round

By Moriah Costa on 9th March 2017

P2P/Marketplace LendingEquity Crowdfunding

The close of its European fundraising brings the firm's commitments to €4.3bn of assets.

Alcentra finishes second fundraising round

Alcentra, the alternative fixed income specialist for BNY Mellon Investment Management, has closed its second European fundraising round.

The fundraiser brings its commitments to €4.3bn across various funds and managed accounts, as part of a broader direct lending strategy available to institutional investors. The company’s committed capital is over €5.7bn.

“In recent years we have seen a growing interest from European companies and financial sponsors to partner with non-bank asset managers to access financing solutions,” said Graeme Delaney-Smith, managing director at Alcentra. “We believe that Europe represents one of the best opportunities in this space.”

The global asset management firm has invested over €5.3 billion into middle market companies across various investments, including senior debt, mezzanine and equity.

The firm’s first fund was in November 2014 and raised €1.5bn in committed capital. Its assets under management are approximately $31bn.

Jack Yang, global head of business development at Alcentra, said private lending is becoming increasingly popular among investors.

“Globally, institutional investors are looking for meaningful, long-term returns,” he said.  “Private lending is becoming a key strategy for them, given the potential for equity-like returns and the income and capital preservation of debt. I am very pleased with the strong interest that this Fund has generated amongst investors.”

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