Farallon Nets $300M For European Lending P.E. Funds

Hedge fund Farallon Capital Management has raised $300 million for two private-equity funds.

The money will back the San Francisco-based firm's European Private Credit strategy, which will make mid-market loans in Europe. The funds will offer illiquid, long-duration credit, lending $20 million to $50 million in each deal, according to Institutional Investor Alpha.

Lars Bane and Nicolas Giauque will run the new strategy. Both men are based in London.