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.jpg "NN IP to launch closed-ended debt fund in 2017 – exclusive")
The firm currently operates separate mandates for its institutional clients but is to now begin collecting for a closed-ended corporate private debt fund in Q2 2017.
The firm currently operates individual mandates for its institutional clients but is to now begin collecting for a closed-ended corporate private debt fund next year.
After raising €9bn from Dutch pension funds for the MUNT Hypotheken platform, the DMFCO is now reaching out to European institutional investors to direct capital to its mortgage origination strategy.
The firm specialises in extending credit facilities to non-bank lenders and has established an offshore vehicle to make it easier for European investors to tap into opportunities in the US.
The growing success of marketplace lending is capturing the attention of institutional investors and the regulators.
Previous reports suggested that the sum was to be €1bn, but the Canadian pension fund has said it is open to increasing its allocation in the future.
The firm’s closed-ended funds raised $1.2bn across Q3 and it is looking at opportunities in the Asia-Pacific region.
Anthony Robertson will leave the firm at the end of the year due to personal reasons. Justin Jewell and Tom Kreuzer will take over the responsibility of leading the firm’s global leveraged finance team.
Attendees at ACG Eurogrowth in Barcelona were still dismayed at the UK’s decision to leave the EU, but for many in the private debt industry the future offers good opportunities.
.jpg "Pemberton enhances focus on credit risk with hire – exclusive")
Nicole Gates joins the L&G-backed firm from GE Capital, where she served as head of restructuring, to develop the risk management team.