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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of