Muzinich & Co has made its third close of the Muzinich Pan-European Private Debt Fund at 460 million euros.
Focused on lending to the lower mid-market, or companies with EBITDA of between 5 and 25 million euros, the Fund is one of a suite of 6 private debt vehicles managed by the firm, which has been providing flexible financing solutions to small and medium-sized companies since 2014. Locally-based teams across Europe deliver on-the- ground deal sourcing and origination.
“We are one of very few private lenders in the lower middle market with a Pan-European offering,” said Kirsten Bode, Co-Head of Private Debt, Pan-Europe. “We have a large team of investment professionals and a local presence across Europe with offices in seven key markets. We believe this gives us a significant advantage in accessing a broad and diverse market in order to generate attractive IRRs for our investors.”
The Fund focuses on bespoke financing for growth capital opportunities for lower mid-market companies to fund acquisitions, expansions and transitions.
The final close of the Fund is expected later in 2018.