Arcmont Raises €10 Billion for European Direct-Lending Fund
- CEO sees better fundraising climate for larger private lenders
- European leveraged-loan market remains weak for big deals
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Arcmont Asset Management Ltd. raised €10 billion ($10.9 billion) for its latest European direct-lending fund, the high end of its target range, as institutional investors show a growing preference for larger managers like the investment firm.
It’s the fourth fund devoted to London-based Arcmont’s direct-lending strategy, according to a statement seen by Bloomberg News. The company, an affiliate of investment heavyweight Nuveen, has already committed about 55% of the capital, the statement said.