The focus of the fund, backed by pension funds, insurance companies, endowments, foundations, wealth managers, and asset managers, is to provide debt financing to middle market companies in Europe.
With the closing of it, the firm’s committed capital for the strategy now exceeds €1.5bn. To date, Alcentra has invested over €2.0bn in middle market companies across senior debt, unitranche, second-lien, mezzanine and equity investments.
Led by David Forbes-Nixon, chairman and chief executive officer, and Graeme Delaney-Smith, managing director and head of European direct lending, Alcentra is a global asset management firm, specializing in sub-investment grade debt markets. It is owned by The Bank of New York Mellon Corporation and is headquartered in London, with offices in New York, Boston and a local presence in Singapore.