New fund brings assets under management for Alcentra’s European direct lending platform to over $10bn

Private debt firm Alcentra, a subsidiary of BNY Mellon Investment Management, has raised €5.5bn for its latest European direct lending fund.

The amount is nearly double its minimum target size of €3bn, reflecting strong demand from global investors, Alcentra said in an announcement.

Debt investor Alcentra closes €5.5bn direct lending fund

Private equity firm Alcentra closes €5.5bn direct lending fund

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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