Friday, 27 March 2015
Last updated 3 hours ago
May 11 2012 | 6:47am ET
London-based AnaCap Financial Partners has closed its latest private equity fund at £350 million.
The fund, which AnaCap says was oversubscribed after six months of fundraising, will target performing, semi-performing and non-performing consumer and SME debt across Europe—a category that includes loans, leases, securities and other obligations.
AnaCap hopes to capitalize on the de-leveraging of European banks. Said Justin Sulger, AnaCap partner and head of credit opportunities:
“The fund will benefit from AnaCap’s track record as a financial services specialist including our extensive experiencing investing in and managing regulated lending and servicing companies, as well as our vast network of relationships throughout the European financial services sector.”
The fund has attracted investment from the State of New Jersey, Hamilton Lane and the Ohio Public Employees Retirement System. It has a three-year investment period and an eight year life.
AnaCap is a private equity investor specializing in the financial services sector across Europe. The firm advises funds with €1.7 billion under management across two p.e. and two credit opportunities vehicles as well as co-invest.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…