AnaCap Closes £350M P.E. Fund

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.

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