Muzinich & Co reaches third close on Pan-European II Private Debt Fund

Muzinich & Co has held the third close of the Muzinich Pan-European II Private Debt Fund (the Fund), at EUR342 million.

The Fund focuses on providing growth capital to lower middle-market companies to fund acquisitions, expansions and transitions in family and founder-owned businesses. Muzinich & Co.’s locally-based teams work across Europe to deliver on-the-ground deal sourcing and origination. The Fund follows on from the successful EUR706.5 million closing of the firm’s first Pan-European Private Debt Fund in 2018.

Kirsten Bode, Co-Head of Private Debt, Pan-Europe, says: “Investors’ interest in private debt continues to grow as one of the asset classes that can provide a yield pick up over traditional bond investments. As one of the few private lenders focused on the lower middle market, we believe our local teams are ideally positioned to uncover broad and diverse market opportunities that can generate attractive returns for our investors.”

Rafael Torres, Co-Head of Private Debt, Pan-Europe, adds: “In the current exceptional circumstances, and even more so in the aftermath of Covid-19, many European businesses affected by the pandemic will require flexible financing solutions. We believe our experienced and extensive network of local specialists highlights our strong footprint in Europe and provides us with an edge to uncover companies with favourable credit characteristics.”

Launched in 2014, Muzinich & Co’s Private Debt Platform is currently comprised of 37 investment professionals in 12 locations in Europe, the US and Asia. The firm’s platform has USD1.9 billion in committed capital and over USD1.1 billion in invested capital and focuses on providing flexible financing solutions to small and medium-sized enterprises.