European credit investment firm AlbaCore Capital Group has launched its Senior Direct Lending Strategy, securing anchor commitments from a wholly owned subsidiary of the Abu Dhabi Investment Authority and Mitsubishi UFJ Trust and Banking Corporation.
AlbaCore has successfully completed the initial close, amassing an expected $1.8bn in investable capital. The launch positions the firm to capitalise on a growing pipeline of lending opportunities, further strengthening its market presence.
The strategy will leverage AlbaCore’s knowledge of European corporate capital structures to construct a diversified portfolio of senior direct lending investments, with a core focus on downside protection and attractive risk-adjusted returns.
Underpinned by rigorous bottom-up fundamental credit analysis, the strategy will primarily finance senior private loans to upper-mid and large-cap performing European corporates.
