Alantra raises €150m

The global investment banking and asset management firm has held an interim close for its second private debt fund.

Alantra has held a second close for Alantra Private Debt Fund II at €150 million, increasing its target size to €175 million and setting the hard-cap at €200 million. The fund reached a first close at €110 million in August 2018.

It follows the same strategy as its predecessor, providing long-term financing to export-oriented Spanish companies with revenues between $25 million and $200 million and EBITDA of more than €3 million. Unlike its predecessor, the firm’s second private debt fund also has scope to invest in France, Italy and Portugal.

The fund’s investors include the European Investment Fund and Cofides, as well as pension funds, insurance companies and family offices.

Alantra Private Debt Fund I held a final close at €140 million in 2015.